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NVR President William Inman Sells Stock Worth $8.4M - CBL
By Citybizlist Staff
RESTON, Va. -- President William Inman sold shares worth $8.44 million in NVR Inc. (NYSE: NVR), a Reston, Va.-based home builder and mortgage banker, according to Form 4 insider trade filings with the U.S. Securities and Exchange Commission.
The sale of 12,500 shares took place Feb. 11 and 12 after Inman converted stock options at a strike price of $189 a share. He sold the shares at an average price of $675.20 each.
Over the past three months, Inman has sold stock worth $37.56 million.
At the end of the transactions, Inman owned 91,402 shares, valued at $63.15 million, based on the Feb. 12 closing price of $691 a share.
Separately, Chairman Dwight Schar sold 9,457 shares at $679.14 apiece, netting $6.42 million. Schar is also a director of New York-based Six Flags (OTCBB: SIXF), whose theme parks include Six Flags America in Bowie/Mitchellville, Md., just east of Washington.
Form 4 filing (William Inman): http://tinyurl.com/y9b2nym
Form 4 filing (Dwight Schar): http://tinyurl.com/yjpmec8
Forbes profiles:
William J. Inman
President of NVRM
NVR, Inc.
Reston , VA
Sector: INDUSTRIAL GOODS / Residential Construction
Officer since January 1992
61 Years Old
William J. Inman has been President of NVRM since January 1992.
Compensation for 2008
Salary | $430,000.00 |
Bonus | $0.00 |
Restricted stock awards | $0.00 |
All other compensation | $6,900.00 |
Option awards $ | $1,146,976.00 |
Non-equity incentive plan compensation | $0.00 |
Change in pension value and nonqualified deferred compensation earnings | $0.00 |
Total Compensation | $1,583,876.00 |
Options Exercised
Number of securities underlying options exercisable | 16,667 |
Number of securities underlying options unexercisable | 60,000 |
Value of unexercised options, currently exercisable | $10,906,468.00 |
Value of unexercised options, currently unexercisable | $25,650,000.00 |
Shares acquired on exercise | 16,666 |
Value Realized | $12,192,950.00 |
Dwight C. Schar
Chairman of the Board
NVR, Inc.
Reston , VA
Sector: INDUSTRIAL GOODS / Residential Construction
Director , Six Flags, Inc.
New York , NY
Sector: SERVICES / General Entertainment
67 Years Old
Dwight C. Schar has been Chairman of the Board since September 30, 1993. Effective February 4, 2009, Mr. Schar relinquished his executive officer title with NVR, but remains the Chairman of the Board. Mr. Schar also served as the President and Chief Executive Officer of NVR from September 30, 1993 through June 30, 2005. Mr. Schar is also a director of Six Flags, Inc.
Compensation for 2008
Salary | $0.00 |
Bonus | $0.00 |
Restricted stock awards | $0.00 |
All other compensation | $0.00 |
Option awards $ | $5,445,486.00 |
Non-equity incentive plan compensation | $0.00 |
Change in pension value and nonqualified deferred compensation earnings | $0.00 |
Total Compensation | $5,445,486.00 |
Options Exercised
Number of securities underlying options exercisable | 83,333 |
Number of securities underlying options unexercisable | 425,000 |
Value of unexercised options, currently exercisable | $54,531,032.00 |
Value of unexercised options, currently unexercisable | $205,200,000.00 |
Shares acquired on exercise | 83,333 |
Value Realized | $61,281,005.00 |
Director Compensation (Six Flags, Inc.) for 2008
Fees earned or paid in cash | $50,000.00 |
Stock awards | $0.00 |
Option awards (in $) | $51,128.00 |
Non-equity incentive plan compensation | $0.00 |
Change in pension value and nondisqualified compensation earnings | $0.00 |
All other compensation | $0.00 |
Total Compensation | $101,128.00 |
