NVR INC — Director's Dealing 2021

Mar 12, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVR INC (NVR)
CIK: 0000906163
Period of Report: 2021-03-11

Reporting Person: Kelpy Matthew B. (VP, Chief Accounting Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-11	Employee stock option (right to buy)	$2843.17	A	750	Acquired	2028-02-29	Common stock (750.0)	Direct

Footnotes

F1: Stock options granted under the NVR, Inc. 2014 Equity Incentive Plan and vest in 25% increments on 12/31/20, 12/31/21, 12/31/22 and 12/31/23.

F2: Stock options were granted on March 1, 2018 under the NVR, Inc. 2014 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 2018 through 2020. Effective March 11, 2021, it was determined by the Compensation Committee of the Board of Directors that the Company had achieved the required return on capital performance metric for the three-year performance period. Vesting for these stock options is now solely contingent upon continued employment.