The company said its board appointed Michael J. DeVito to the board effective July 1, 2025. His term as director will continue until the 2026 Annual Meeting of Shareholders and until his successor is duly elected and qualified.

1. 01

   The company said its board appointed Michael J. DeVito to the board effective July 1, 2025. His term as director will continue until the 2026 Annual Meeting of Shareholders and until his successor is duly elected and qualified.

2. 02

   NVR said the board determined that Mr. DeVito is “independent” under the New York Stock Exchange listing standards. The company also disclosed that it appointed him to serve on the Compensation Committee of the board effective the same day, July 1, 2025.

3. 03

   NVR said Mr. DeVito's compensation as a non-employee director is consistent with that of all non-employee directors. It also said he received 342 non-qualified stock options under the NVR, Inc. 2018 Equity Incentive Plan, on terms consistent with grants to other non-employee directors.

4. 04

   In a press release, the company said Mr. DeVito served as Chief Executive Officer and Executive Director of Federal Home Loan Mortgage Corporation (Freddie Mac) from 2021 to 2024. Before that, he spent twenty-four years at Wells Fargo & Company in home lending senior management roles, and his last position there was Executive Vice President and Head of Home Lending.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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