Daniel D. Malzahn - 04 May 2022 Form 4 Insider Report for NVR INC (NVR)

Role: Chief Financial Officer
Signature: Daniel D. Malzahn
Issuer symbol: NVR
Transactions as of: 04 May 2022
Net transactions value: $0
Form type: 4
Filing time: 06 May 2022, 17:20:52 UTC
Previous filing: 03 Aug 2021
Next filing: 01 Aug 2022
SEC: View on sec.gov

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	+4,525		$0.000000	4,525	04 May 2022	Common stock	4,525	$4475.53	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.