Form 4: D.R. Horton Director Barbara K. Allen Reports Stock Unit Conversion
SEC Form 4 Filing
Director Barbara K. Allen reported the conversion of restricted stock units into common stock of D.R. Horton.
Summary
- On March 30, 2024, Barbara K. Allen, a director of D.R. Horton, converted 224 restricted stock units into 224 shares of D.R. Horton common stock.
- Following the transaction, Allen directly owns 5,874 shares of D.R. Horton common stock and 672 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of a stock unit conversion, neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a planned conversion of stock units.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves the conversion of existing equity awards.
Key Dates
| Date | Description |
|---|---|
| 03/30/2022 | Reporting person was granted 1,120 restricted stock units, vesting in five annual installments beginning March 30, 2023. |
| 03/30/2023 | First vesting date of the restricted stock units granted on March 30, 2022. |
| 03/30/2024 | Transaction date: Conversion of 224 restricted stock units into common stock. |
| 04/02/2024 | Date of signature for the Form 4 filing. |
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