Form 4: D.R. Horton CEO Paul Romanowski Reports Stock Transactions
SEC Form 4 Filing
D.R. Horton's CEO, Paul Romanowski, reported the vesting of restricted stock units and subsequent tax obligation fulfillment through share surrender.
Summary
- On March 12, 2024, Paul J. Romanowski, the President and CEO of D.R. Horton, Inc., reported transactions involving the company's common stock.
- Specifically, 3,846 restricted stock units vested and converted into an equal number of common shares.
- Romanowski then surrendered 1,530 shares to cover tax obligations related to the vesting at a price of $154.62 per share.
- Following these transactions, Romanowski directly owns 89,010 shares of D.R. Horton common stock.
- The restricted stock units were initially granted on March 12, 2020, with a total of 19,230 units vesting in five annual installments starting March 12, 2021.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Key Dates
| Date | Description |
|---|---|
| 03/12/2020 | Reporting person was granted 19,230 restricted stock units, vesting in five annual installments beginning March 12, 2021. |
| 03/12/2021 | First vesting date of restricted stock units granted on March 12, 2020. |
| 03/12/2024 | Vesting of 3,846 restricted stock units and surrender of 1,530 shares for tax obligations. |
| 03/14/2024 | Date of signature for the Form 4 filing. |
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