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SEC FILINGS

NVR grants stock options to execs at $5,720.10

NVR grants stock options to executives at $5,720.10 per share. The options are split between time-based and performance-based vesting conditions.

Charlotte Hernandez
ByCharlotte Hernandez- Senior Editor
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NVR grants stock options to execs at $5,720.10
Photo: Prepared by Bond.az

NVR, Inc. (NYSE:NVR) announced that its Compensation Committee approved granting non-qualified stock options to several executive officers. The options were granted on May 14 with an exercise price of $5,720.10 per share, based on the prior day's closing price.

Executive Chairman Paul C. Saville and CEO Eugene J. Bredow each received options for 5,238 shares. Senior VP and CFO Daniel D. Malzahn got options for 2,670 shares, while VP and CAO Matthew B. Kelpy received options for 544 shares.

Half of the options are time-based and vest on December 31, 2028. The other half are performance-based, tied to NVR's return on capital from 2026 to 2028. All options were issued under the NVR, Inc. 2018 Equity Incentive Plan.

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