Form 4: D.R. Horton Director Donald R. Horton Reports Stock Transactions
SEC Form 4 Filing
Donald R. Horton, a director at D.R. Horton, Inc., reported the vesting and subsequent tax-related disposition of restricted stock units.
Summary
- On March 17, 2024, Donald R. Horton, a director of D.R. Horton, Inc., had 9,498 restricted stock units vest.
- These units converted into an equal number of DHI common stock shares.
- Horton surrendered 3,515 shares to cover tax obligations related to the vesting at a price of $151.69.
- Following these transactions, Horton directly owns 5,983 shares of DHI common stock.
- He also indirectly beneficially owns 4,288,247 shares through The Horton Family Revocable Trust.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation and the subsequent actions taken to cover tax liabilities.
Stakeholder Impact
- The transaction has a minor dilutive effect on existing shareholders due to the issuance of new shares upon vesting of the restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 03/17/2021 | Reporting person was granted 32,085 restricted stock units, vesting in three annual installments beginning March 17, 2022. |
| 03/17/2022 | First vesting date of restricted stock units granted on March 17, 2021. |
| 03/17/2024 | Vesting of 9,498 restricted stock units and subsequent tax obligation fulfillment. |
| 03/19/2024 | Date of Form 4 signature. |
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