BAILEY SALLIE B 4

What Happened
Sallie B. Bailey, a director of NVR, was granted an award resulting in acquisition of 154 shares (reported as a derivative security) on May 14, 2026. The Form 4 shows an acquisition price of $0.00, indicating the shares were issued as an award/grant (likely restricted stock or RSUs), not an open-market purchase. The filing does not list a dollar value for the award.

Key Details

• Transaction date: 2026-05-14; Form 4 filed: 2026-05-18 (filed within the typical two-business-day window after the transaction).
• Transaction type/code: A = Award/Grant (derivative securities acquired).
• Shares acquired: 154; reported price: $0.00.
• Shares owned after transaction: Not specified in the provided excerpt of the filing (see the full Form 4 for post-transaction holdings).
• Footnotes/conditions: Filing lists the award as a derivative acquisition; awards commonly carry vesting or other restrictions—check the full filing for footnotes or vesting terms.

Context
Grants to directors are a routine form of compensation and do not represent an open-market buy or sell; they are not direct bullish or bearish trading signals by themselves. For retail investors, note that awards often vest over time or are subject to transfer restrictions—review the full Form 4 or company proxy for details on the award plan and any applicable vesting schedule.