FESTA ALFRED E 4

What Happened
Alfred E. Festa, a director of NVR, Inc. (NVR), received an award/acquisition of 154 shares classified as a derivative on May 14, 2026. The Form 4 reports an acquisition price of $0.00, meaning no cash was exchanged in the filing (typical for restricted stock/unit awards). This is an award/compensation event rather than an open-market buy or sale.

Key Details

• Transaction date: 2026-05-14; Form 4 filed 2026-05-18 (filed within the SEC two-business-day reporting window).
• Transaction type/code: A (Grant, award or other acquisition); 154 derivative shares at $0.00.
• Shares owned after transaction: Not specified in the filing.
• Footnotes/plan references: Filing lists the security as a derivative award; no 10b5-1 plan, tax withholding or cashless sale noted in the report.
• Timeliness: Filing appears timely (filed May 18 for a May 14 transaction).

Context
Derivative awards like this are commonly given to directors as part of compensation (e.g., restricted stock or RSUs) and typically vest over time; they are not the same as an open-market purchase and do not, by themselves, indicate the insider’s view of the stock. For retail investors, awarded shares are informative about compensation practices but should be weighed alongside purchases/sales and company fundamentals.