NVR, INC. ANNOUNCES SHARE REPURCHASE AUTHORIZATION

Rhea-AI Summary

NVR (NYSE: NVR) announced a Board authorization to repurchase up to $750 million of its common stock, with no expiration date. Purchases may occur in the open market and/or in privately negotiated transactions, and the program continues NVR's repurchase activity begun in 1994.

The authorization prohibits purchases from the company's officers, directors, Profit Sharing/401(k) Plan Trust and Employee Stock Ownership Plan Trust. As of May 7, 2026, NVR had 2,699,292 shares of common stock outstanding.

AI-generated analysis. Not financial advice.

Positive

• $750 million repurchase authorization
• Authorization has no expiration date
• Repurchase can occur via open market or private transactions
• Prohibits purchases from officers, directors, and plan trusts
• Reported 2,699,292 shares outstanding as of May 7, 2026

Negative

• None.

RESTON, Va., May 8, 2026 /PRNewswire/ -- NVR, Inc. (NYSE: NVR) announces that its Board of Directors has authorized the repurchase of up to an aggregate of $750 million of its outstanding common stock.  The repurchase authorization does not have an expiration date. The purchases will occur from time to time in the open market and/or in privately negotiated transactions as market conditions permit.  The Company indicated that the authorization is a continuation of the stock repurchase program that began in 1994 and is consistent with NVR's strategy of maximizing shareholder value.  Consistent with prior authorizations, this new authorization prohibits the Company from purchasing shares from the Company's officers, directors, Profit Sharing/401(k) Plan Trust or Employee Stock Ownership Plan Trust.  As of May 7, 2026, NVR had 2,699,292 total shares of common stock outstanding.

About NVR

NVR, Inc. operates in two business segments: homebuilding and mortgage banking.  The homebuilding segment sells and builds homes under the Ryan Homes, NVHomes and Heartland Homes trade names, and operates in thirty-seven metropolitan areas in sixteen states and Washington, D.C.  For more information about NVR, Inc. and its brands, see www.nvrinc.com, www.ryanhomes.com, www.nvhomes.com and www.heartlandluxuryhomes.com.

View original content:https://www.prnewswire.com/news-releases/nvr-inc-announces-share-repurchase-authorization-302767093.html

SOURCE NVR, INC.

FAQ

What did NVR (NYSE: NVR) announce on May 8, 2026 about share repurchases?

NVR authorized repurchases of up to $750 million of common stock with no expiration date. According to NVR, purchases may occur in the open market and/or in privately negotiated transactions as market conditions permit.

Does the NVR stock repurchase authorization expire and how will purchases be made?

The authorization does not have an expiration date and therefore remains open-ended. According to NVR, repurchases will occur from time to time in the open market and/or in privately negotiated transactions as market conditions permit.

Are there restrictions on whose shares NVR can buy back under the new authorization?

Yes. The new authorization prohibits buying shares from company officers, directors, the Profit Sharing/401(k) Plan Trust, and the Employee Stock Ownership Plan Trust. According to NVR, this mirrors prior authorizations' restrictions.

How many NVR shares were outstanding when the repurchase authorization was announced?

As of May 7, 2026, NVR had 2,699,292 total shares of common stock outstanding. According to NVR, that is the reported share count at the time of the announcement.

What does the $750 million repurchase authorization mean for NVR shareholders?

The authorization permits the company to buy up to $750 million of shares, subject to market conditions and restrictions. According to NVR, the program continues its long-running repurchase strategy that began in 1994.