Daniel D. Malzahn - May 4, 2022 Form 4 Insider Report for NVR INC (NVR)

Role: Chief Financial Officer
Signature: Daniel D. Malzahn
Stock symbol: NVR
Transactions as of: May 4, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/6/2022, 05:20 PM
Previous filing: Aug 3, 2021
Next filing: Aug 1, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NVR	Employee stock option (right to buy)	Award	$0	+4.53K		$0.00	4.53K	May 4, 2022	Common stock	4.53K	$4,475.53	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Stock options were granted under the NVR, Inc. 2014 Equity Incentive Plan. These options vest in 25% increments on 12/31/24, 12/31/25, 12/31/26 and 12/31/27.
F2	Time-based stock options granted under the NVR, Inc. 2014 Equity Incentive Plan. Mr. Malzahn also received performance-based options under the NVR, Inc. 2014 Equity Incentive Plan for an equal number of shares. The performance-based options will vest on the same terms as the time-based options, subject to an additional requirement that vesting of the options is based on the Company's return on capital performance during 2022 to 2024.

Content

Stock options were granted under the NVR, Inc. 2014 Equity Incentive Plan. These options vest in 25% increments on 12/31/24, 12/31/25, 12/31/26 and 12/31/27.

Time-based stock options granted under the NVR, Inc. 2014 Equity Incentive Plan. Mr. Malzahn also received performance-based options under the NVR, Inc. 2014 Equity Incentive Plan for an equal number of shares. The performance-based options will vest on the same terms as the time-based options, subject to an additional requirement that vesting of the options is based on the Company's return on capital performance during 2022 to 2024.