DeVito Michael J 4

What Happened
Michael J. DeVito, a director of NVR Inc. (NVR), was granted a derivative award covering 154 shares on May 14, 2026. The award is reported as acquired at $0.00 per share (total reported value $0.00) and is coded on the Form 4 as an award/grant (transaction code A). This is a grant of compensation equity (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-05-14; Form 4 filed: 2026-05-18 (filed within the SEC’s 2-business-day window).
• Transaction type/code: A — Grant, award or other acquisition (derivative security).
• Quantity/price: 154 shares at $0.00 (reported total $0.00).
• Shares owned after transaction: Not specified in the excerpt provided; see full Form 4 for post-transaction holdings.
• Footnotes/plan info: None shown in the provided transaction line; the award may be subject to vesting or other restrictions (typical for director compensation).

Context
Derivative awards like this are commonly used for director or executive compensation (e.g., restricted stock units or similar instruments) and often vest over time or upon meeting conditions, so they are not the same as an immediate market purchase. For investors, such grants are routine compensation activity rather than a direct directional bet; check the full Form 4 and the company’s proxy statement for plan details and vesting schedules if you want more clarity.