Form 4: D.R. Horton Director Maribess L. Miller Reports Stock Unit Conversion
SEC Form 4
Director Maribess L. Miller reported the conversion of restricted stock units into D.R. Horton common stock on March 17, 2024.
Summary
- On March 17, 2024, Maribess L. Miller, a director of D.R. Horton, Inc., reported a transaction involving the conversion of restricted stock units into common stock.
- Specifically, 203 restricted stock units were converted into 203 shares of D.R. Horton common stock.
- Following the transaction, Miller directly owns 17,125 shares of D.R. Horton common stock.
- The restricted stock units were granted on March 17, 2021, and vest in five annual installments starting March 17, 2022.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock unit conversion, with neutral implications.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the real estate and construction industry.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/17/2021 | Reporting person was granted 1,015 restricted stock units, vesting in five annual installments beginning March 17, 2022. |
| 03/17/2022 | First vesting date of restricted stock units. |
| 03/17/2024 | Date of transaction: conversion of 203 restricted stock units into common stock. |
| 03/19/2024 | Date of Form 4 signature. |
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