Corporate GovernanceMay 15, 2026, 05:13 PM
NVR Grants Stock Options to Executive Officers
AI Summary
NVR's Compensation Committee approved grants of non-qualified stock options to its executive officers on May 14, 2026. The awards, granted under the 2018 Equity Incentive Plan, include both time-based and performance-based options, with an exercise price of $5,720.10 per share. These grants are intended to align executive incentives with the company's long-term performance.
Key Highlights
- Executive Chairman Paul C. Saville received 5,238 non-qualified stock options.
- President and CEO Eugene J. Bredow received 5,238 non-qualified stock options.
- SVP, CFO, and Treasurer Daniel D. Malzahn received 2,670 non-qualified stock options.
- VP, Chief Accounting Officer Matthew B. Kelpy received 544 non-qualified stock options.
- The exercise price for each option is $5,720.10 per share.
- Awards include both time-based and performance-based options.
- Time-based options vest 100% on December 31, 2028.
- Performance-based options vest based on NVR's return on capital from 2026-2028.
Price Impact
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