Bredow Eugene James 4

What Happened

• Eugene Bredow, CEO of NVR, was granted 2,619 derivative awards on 2026-05-14 reported as "A" (award/grant). The filing shows an acquisition price of $0.00 (no cash changed hands) — these are stock option awards rather than immediate shares.

Key Details

• Transaction date: 2026-05-14; Filing date: 2026-05-18 (filed on time under the Form 4 two-business-day rule).
• Reported amount: 2,619 awards at $0.00 (derivative instruments — options).
• Shares owned after the transaction: not specified in the provided filing information.
• Footnote: Mr. Bredow received 2,619 time-based options and an equal number (2,619) of performance-based options. Performance-based options vest on the same schedule as time-based options but also require the company to meet return-on-capital performance targets for 2026–2028.
• Transaction code: A = Award/Grant.

Context

• These awards are option grants (a form of compensation), not an open-market purchase or sale. No shares were transferred to market immediately; vesting and any future exercise would determine actual share ownership and potential sales. Performance-based options add an additional vesting condition tied to company return-on-capital metrics for 2026–2028.