Equity-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Summary of Equity-Based Compensation Plans with Grants Outstanding

Option and RSU grants for the six month period ended June 30, 2026 totaled 47,060 and 5,918, respectively, and were granted under the NVR, Inc. 2018 Equity Incentive Plan (the "2018 Plan") as follows:


Options Granted						2018 Plan
Options - service-only						24,300
Options - performance-based						22,760
Total Options Granted						47,060
RSUs Granted
RSUs - service-only						2,994
RSUs - performance-based						2,924
Total RSUs Granted						5,918

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

The following table provides additional information relative to our equity-based compensation plans for the six months ended June 30, 2026:


	Shares	Weighted Avg. Per Share Exercise Price		Weighted Avg. Remaining Contract Life (years)	Aggregate Intrinsic Value
Stock Options
Outstanding at December 31, 2025	333,292	$	3,880.52
Granted	47,060	$	5,833.82
Exercised	(16,441)	$	3,453.78
Forfeited	(1,422)	$	5,194.85
Outstanding at June 30, 2026	362,489	$	4,148.31	4.9	$	972,763
Exercisable at June 30, 2026	214,575	$	3,495.82	3.2	$	711,871

RSUs
Outstanding at December 31, 2025	16,913
Granted	5,918
Vested	(7,221)
Forfeited	(204)
Outstanding at June 30, 2026	15,406				$	104,967
Vested, but not issued at June 30, 2026	—				—

Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions

The fair value of the Options granted during the first six months of June 30, 2026 was estimated on the grant date using the Pricing Model, based on the following assumptions:


Estimated option life (range)	3.89 - 6.69
Risk free interest rate (range)	3.82% - 4.14%
Expected volatility (range)	24.10% - 28.75%
Expected dividend rate	—%
Weighted average grant-date fair value per share of options granted	$	1,564.21