Form 4: D.R. Horton Director Donald R. Horton Reports Stock Transactions
SEC Form 4 Filing
Director Donald R. Horton reports transactions involving D.R. Horton (DHI) common stock, including the vesting of restricted stock units, tax obligation fulfillment, and a transfer of shares to The Horton Family Revocable Trust.
Summary
- On March 23, 2024, Donald R. Horton, a director of D.R. Horton, exercised 12,732 restricted stock units, converting them into an equal number of common stock shares.
- To cover tax obligations related to the vesting of these units, 4,711 shares were surrendered to the issuer at a price of $161.82 per share.
- On March 26, 2024, Mr. Horton transferred 5,983 shares to The Horton Family Revocable Trust for tax and estate planning purposes.
- Following these transactions, Mr. Horton directly owns 8,021 shares and indirectly beneficially owns 4,294,230 shares of DHI common stock through The Horton Family Revocable Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and it doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings and transactions of company insiders.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 03/23/2022 | Reporting person was granted 38,197 restricted stock units, vesting in three annual installments beginning March 23, 2023. |
| 03/23/2023 | First vesting date of restricted stock units granted on March 23, 2022. |
| 03/23/2024 | Restricted stock units converted to common stock; shares surrendered for tax obligations. |
| 03/26/2024 | Shares transferred to The Horton Family Revocable Trust. |
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