BAILEY SALLIE B 4
4 · NVR INC · Filed Mar 10, 2023
Insider Transaction Report
Form 4
NVR INCNVR
BAILEY SALLIE B
Director
Transactions
- Award
Stock option (right to buy)
2023-03-09+410→ 820 totalExercise: $4037.77Exp: 2030-02-20→ Common stock (410 underlying)
Footnotes (2)
- [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.