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Equity-Based Compensation, Profit Sharing and Deferred Compensation Plans - Summary of Equity-Based Compensation Plans with Grants Outstanding (Detail)
Dec. 31, 2015
shares
1998 Management Long-Term Stock Option Plan [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Shares Authorized 1,000,000
Options/RSUs Outstanding 6,000
1998 Directors' Long-Term Stock Option Plan [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Shares Authorized 150,000
Options/RSUs Outstanding 8,000
2000 Broadly-Based Stock Option Plan [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Shares Authorized 2,000,000
Options/RSUs Outstanding 126,000
2010 Equity Incentive Plan [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Shares Authorized 700,000 [1]
Options/RSUs Outstanding 359,000 [1]
Shares Available to Issue 39,000 [1]
NVR, Inc. 2014 Equity Incentive Plan [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Shares Authorized 950,000 [2]
Options/RSUs Outstanding 648,000 [2]
Shares Available to Issue 302,000 [2]
[1] During 2010, the Company’s shareholders approved the 2010 Equity Incentive Plan (the “2010 Plan”). The 2010 Plan authorizes the Company to issue Options and RSUs to key management employees, including executive officers and Board members. Of the 700 aggregate shares available to issue, up to 240 may be granted in the form of RSUs. There were 308 Options and 51 RSUs outstanding as of December 31, 2015. Of the 39 shares available to be issued under the 2010 Plan, 36 may be granted as RSUs.
[2] During 2014, the Company’s shareholders approved the NVR, Inc. 2014 Equity Incentive Plan (the “2014 Plan”). The 2014 Plan authorizes the Company to issue Options to key management employees, including executive officers and Board members. Option grants under the 2014 Plan are generally divided such that vesting for 50% of the Option grant is solely contingent upon continued employment or continued service as a Director, while vesting for the remaining 50% of the Option grant is contingent upon both continued employment or service as a Director and the achievement of a performance metric. The performance metric is based on the Company’s return on capital performance during a specified three year period based on the date of Option grant, with the initial performance period being 2014 through 2016. Options granted under the 2014 Plan generally vest annually over four years in 25% increments beginning on December 31, 2016.