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    Eugene J. Bredow

    President and CEO at NVR Inc
    Board
    Since May 4, 2022
    Age
    55 years
    Tenure
    Has been with NVR since 2004, holding roles such as Chief Accounting Officer, Senior Vice President and Chief Administrative Officer, President of NVR Mortgage, and currently serving as President and CEO since May 04, 2022.

    Also at NVR Inc

    DDM
    Daniel D. Malzahn
    SVP, CFO, and Treasurer
    MBK
    Matthew B. Kelpy
    VP and Chief Accounting Officer

    About

    Eugene J. Bredow has demonstrated a strong commitment to NVR, where he has built an impressive career spanning over two decades. He began his journey with the company in 2004 and steadily progressed through key leadership roles, significantly contributing to the firm's financial oversight and strategy.

    Throughout his tenure, he held pivotal positions including Chief Accounting Officer, Senior Vice President and Chief Administrative Officer, and President of NVR Mortgage. His career progression culminated in his appointment as President and CEO on May 04, 2022, highlighting his deep operational and strategic expertise.

    While personal background and educational details are not disclosed in these documents, his professional milestones and commitment to NVR illustrate a leader well-versed in steering the company towards continued growth and operational excellence.

    $NVR Performance Under Eugene J. Bredow

    Past Roles

    OrganizationRoleDate Range
    NVR Mortgage President of NVR Mortgage April 1, 2019 - May 3, 2022
    NVR Senior Vice President and Chief Administrative Officer March 1, 2018 - March 31, 2019
    NVR Chief Accounting Officer February 2016 - March 1, 2018

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$875,000 AnnualFixed annual salary
    All Other Compensation$13,200 AnnualIncludes contributions to the employee stock ownership plan and a $1,000 matching 401(k) contribution

    Performance Compensation

    Data from  FY 2023

    Annual Cash Bonus for 2023

    Performance MeasureThreshold Target & Maximum Actual Weight Bonus Opportunity Detail
    Consolidated Pre-Tax Profit (in thousands)$1,095,218 $1,369,024 $2,140,369 80% Earned 100% of bonus for this metric; contributes 80% of total bonus opportunity
    New Orders (Net of Cancellations)16,150 19,000 21,729 20% Earned 100% of bonus for this metric; contributes 20% of total bonus opportunity
    • Overall Bonus Earned: 100% of base salary, with a maximum bonus opportunity of $900,000 .
    • Vesting & Grant Details: There is no vesting schedule, grant date, or grant date fair value as this is a cash bonus.
    • Evaluation Period & Conditions: Performance metrics are evaluated based on the annual business plan with thresholds of 80% for Consolidated Pre-Tax Profit and 85% for New Orders, with full bonus accrual achieved between threshold and 100% performance.