Eugene J. Bredow

President and CEO at NVR

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

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

Organization	Role	Date 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 Name	Amount	Payment Schedule	Additional Details
Base Salary	$875,000	Annual	Fixed annual salary
All Other Compensation	$13,200	Annual	Includes 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 Measure	Threshold	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.