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

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.