Form 4: D.R. Horton Director Donald R. Horton Reports Stock Transactions
SEC Form 4 Filing
Director Donald R. Horton reports the vesting of restricted stock units and subsequent tax obligation fulfillment through share surrender.
Summary
- On April 20, 2024, Donald R. Horton, a director of D.R. Horton, Inc., had restricted stock units vest and surrendered shares to cover tax obligations.
- Specifically, 7,899 restricted stock units converted into an equal number of common stock shares.
- To cover tax obligations related to the vesting, 2,923 shares were surrendered at a price of $142.19 per share.
- Following these transactions, Mr. Horton directly owns 4,976 shares and indirectly beneficially owns 4,302,251 shares of D.R. Horton common stock through The Horton Family Revocable Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 04/20/2023 | Reporting person was granted 23,698 restricted stock units, vesting in three annual installments beginning April 20, 2024. |
| 04/20/2024 | Restricted stock units vested and shares were surrendered for tax obligations. |
| 04/23/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.