Form 4: D.R. Horton CEO Paul Romanowski Reports Stock Transactions
SEC Form 4 Filing
D.R. Horton's CEO, Paul J. Romanowski, reported the vesting of restricted stock units and subsequent tax-related share surrender on March 23, 2024.
Summary
- On March 23, 2024, Paul J. Romanowski, the President and CEO of D.R. Horton, exercised 3,820 restricted stock units, converting them into an equal number of common stock shares.
- Simultaneously, Mr. Romanowski surrendered 1,504 shares to cover tax obligations related to the vesting of these units.
- Following these transactions, Mr. Romanowski directly owns 92,377 shares of D.R. Horton common stock and 11,458 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an executive, with no inherent positive or negative implications for the company's performance.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, and is a normal part of corporate governance.
Key Dates
| Date | Description |
|---|---|
| 03/23/2022 | Reporting person was granted 19,098 restricted stock units, vesting in five annual installments beginning March 23, 2023. |
| 03/23/2023 | First vesting date of restricted stock units granted on March 23, 2022. |
| 03/23/2024 | Reporting person exercised 3,820 restricted stock units and surrendered 1,504 shares for tax obligations. |
| 03/26/2024 | Date of signature for the Form 4 filing. |
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