Form 4: NVR Inc. Director David A. Preiser Reports Stock Option Exercise and Sale
SEC Form 4
David A. Preiser, a director of NVR Inc., exercised stock options and sold shares of NVR common stock on April 29, 2024.
Summary
- On April 29, 2024, David A. Preiser, a director of NVR Inc., exercised stock options to acquire 500 shares of NVR common stock at a price of $3,022.99 per share.
- Simultaneously, Preiser sold 500 shares of NVR common stock at a price of $7,586.21 per share.
- Following these transactions, Preiser directly owns 239 shares of NVR common stock.
- Preiser also directly owns 500 derivative securities (stock options).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, which carries a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions. It provides transparency into the trading activities of company directors, which can be of interest to investors.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 04/29/2024 | Date of stock option exercise and sale of NVR Inc. common stock. |
| 04/30/2024 | Date of Form 4 filing. |
| 12/31/20 | First vesting date for stock options granted under the NVR, Inc. 2018 Equity Incentive Plan. |
| 12/31/21 | Second vesting date for stock options granted under the NVR, Inc. 2018 Equity Incentive Plan. |
| 12/31/22 | Third vesting date for stock options granted under the NVR, Inc. 2018 Equity Incentive Plan. |
| 12/31/23 | Fourth vesting date for stock options granted under the NVR, Inc. 2018 Equity Incentive Plan. |
| 05/09/2028 | Expiration date of the stock options. |
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