Real Estate
NVR Inc Executive Compensation (FY25)
NVR · Reston, VA · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 8, 2026
150 figures on this page: 139 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
The disclosed peer group includes D.R. Horton, Inc., KB Home, Lennar Corporation, Meritage Homes Corporation and PulteGroup, Inc., among others, and Eugene Bredow was paid $1,748,227 in total compensation as President and Chief Executive Officer for fiscal 2025, while compared with the $2,309,548 reported for fiscal 2024, Bredow's total was 24.3% lower, while the disclosed chief executive pay ratio for fiscal 2025 is 20:1, against median employee compensation of $88,431. For fiscal 2025, shareholders backed the say-on-pay proposal with 96.6% of votes cast for or against in favor at the meeting held May 7, 2026.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Eugene Bredow: $2,309,548 → $1,748,227 (24.3% lower)
Say-on-pay support: 94.8% → 96.6% (1.8 points higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is NVR Inc's chief executive and what were they paid?
Eugene Bredow was paid $1,748,227 in total compensation as President and Chief Executive Officer for fiscal 2025. Compared with the $2,309,548 reported for fiscal 2024, Bredow's total was 24.3% lower.
What was NVR Inc's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 96.6% of votes cast for or against in favor at the meeting held May 7, 2026.
Which companies are in NVR Inc's peer group?
The disclosed peer group includes D.R. Horton, Inc., KB Home, Lennar Corporation, Meritage Homes Corporation and PulteGroup, Inc., among others.
What is NVR Inc's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 20:1, against median employee compensation of $88,431.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Eugene Bredow President and Chief Executive Officer | ◇ | — | — | ◇ | ◇ | — | ◇ | ◇ |
Daniel Malzahn Senior Vice President Chief Financial Officer and Treasurer | ◇ | — | — | ◇ | ◇ | — | ◇ | ◇ |
Matthew Kelpy Vice President, Chief Accounting Officer and Controller | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Eugene Bredow President and Chief Executive Officer | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
Daniel Malzahn Senior Vice President Chief Financial Officer and Treasurer | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
Matthew Kelpy Vice President, Chief Accounting Officer and Controller | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Paul Saville Executive Chairman of the Board | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
Eugene Bredow President and Chief Executive Officer | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
Daniel Malzahn Senior Vice President, Chief Financial Officer and Treasurer | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
Matthew Kelpy Vice President and Chief Accounting Officer | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Paul Saville Executive Chairman of the Board | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
Eugene Bredow President and Chief Executive Officer | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
Daniel Malzahn Senior Vice President, Chief Financial Officer and Treasurer | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
Matthew Kelpy Vice President and Chief Accounting Officer | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Paul Saville | RSU | ◇ | ◇ | — | — |
| Matthew Kelpy | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Eugene Bredow | RSU | ◇ | ◇ | — | — |
| Daniel Malzahn | RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Michael J. DeVito | ◇ | — | ◇ | — | — | — | ◇ |
George R. Oliver | ◇ | — | ◇ | — | — | — | ◇ |
Alfred E. Festa | ◇ | — | — | — | — | — | ◇ |
Susan Williamson Ross | ◇ | — | — | — | — | — | ◇ |
C. E. Andrews | ◇ | — | — | — | — | — | ◇ |
David A. Preiser | ◇ | — | — | — | — | — | ◇ |
Alexandra A. Jung | ◇ | — | — | — | — | — | ◇ |
W. Grady Rosier | ◇ | — | — | — | — | — | ◇ |
Sallie B. Bailey | ◇ | — | — | — | — | — | ◇ |
Mel Martinez | ◇ | — | — | — | — | — | ◇ |
Thomas Eckert | ◇ | — | — | — | — | — | ◇ |
Paul C. Saville served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Total board retainer | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
| Nominating and governance member | ◇ |
Equity is delivered as Stock Options.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- D.R. Horton, Inc. DHI
- KB Home KBH
- Lennar Corporation LEN
- Meritage Homes Corporation MTH
- PulteGroup, Inc. PHM
- Taylor Morrison Home Corporation TMHC
- Toll Brothers, Inc. TOL
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 7, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 6, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 7, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 2, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 4, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 5, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | May 5, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | May 2, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | May 2, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | May 4, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | May 3, 2016 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact NVR Inc disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where NVR Inc sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
150 figures on this page: 139 cited to the filing that reported them, 11 calculated from figures it prints.
139 cited to the filing
11 calculated from the filing
Documents cited
- 0000906163-26-000044Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000906163-26-0000292025 SUMMARY COMPENSATION TABLE · DIRECTOR COMPENSATION TABLE · OUTSTANDING EQUITY AWARDS AT DECEMBER 31, 2025 · Outstanding Equity Awards · and 1 more section
- 0000906163-26-0000312025 DIRECTOR COMPENSATION TABLE
- 0000906163-25-000057Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000906163-25-0000422024 SUMMARY COMPENSATION TABLE
- 0000906163-24-000079Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000906163-24-000062Summary Compensation Table
- 0000906163-23-000055Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000906163-23-000035Summary Compensation Table
- 0000906163-22-000041Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000906163-21-000062Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000906163-20-000052Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000906163-19-000074Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000906163-18-000030
- 0001564590-17-009035
- 0001193125-16-576837
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “NVR Inc executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/NVR (accessed 2026).
Short form: data: Velarion
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Real Estate rankings
Peers NVR Inc discloses
The companies named in NVR's own disclosed peer group.
Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}