RESTON, Va. (
chief executive Paul C. Saville has been divesting his stake in the company he runs.
homebuilder's CEO sold 6,000 shares of NVR on Nov. 19 for an average price of $614.80 per share. As of Nov. 18 according to
, Saville owned approximately 145,000 shares, or roughly 2.6%
Earlier this month, Saville sold a total of 43,000 shares through four previous transactions -- on Nov. 18 he sold 10,000 shares at an average price of $620.15; on Nov. 16 he sold 2,700 shares at an average price of $623.53; on Nov. 12 he sold 10,300 shares at an average price of $634.55; and on Nov. 10 he sold 20,000 shares at an average price of $643.16. A list of Saville's sales was compiled by
In August, NVR director John M. Toups sold 4,000 shares at an average price of $616.53.
NVR shares traded 0.3% lower to $614.36 at midday on Tuesday.
-- Written by Miriam Marcus Reimer in New York.
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