Sallie B. Bailey - Mar 9, 2023 Form 4 Insider Report for NVR INC (NVR)

Role: Director
Signature: Matthew B. Kelpy, Attorney-in-fact for Sallie B. Bailey
Stock symbol: NVR
Transactions as of: Mar 9, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/10/2023, 09:12 AM
Previous filing: Mar 1, 2023
Next filing: Apr 25, 2023

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	Stock option (right to buy)	Award	$0	+410	+100%	$0.00	820	Mar 9, 2023	Common stock	410	$4,037.77	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. 2018 Equity Incentive Plan and vest in 25% increments on 12/31/22, 12/31/23, 12/31/24 and 12/31/25.
F2	Stock options were granted on February 21, 2020 under the NVR, Inc. 2018 Equity Incentive Plan and are subject to the achievement of a performance metric based on the Company's return on capital performance during the three-year period from 2020 through 2022. Effective March 9, 2023, it was determined by the Compensation Committee of the Board of Directors that the Company had achieved the required return on the capital performance metric for the three-year performance period. Vesting for these stock options is now solely contingent upon the director's continued service.

Content

Stock options were granted under the NVR, Inc. 2018 Equity Incentive Plan and vest in 25% increments on 12/31/22, 12/31/23, 12/31/24 and 12/31/25.

Stock options were granted on February 21, 2020 under the NVR, Inc. 2018 Equity Incentive Plan and are subject to the achievement of a performance metric based on the Company's return on capital performance during the three-year period from 2020 through 2022. Effective March 9, 2023, it was determined by the Compensation Committee of the Board of Directors that the Company had achieved the required return on the capital performance metric for the three-year performance period. Vesting for these stock options is now solely contingent upon the director's continued service.