Form 4: D.R. Horton Director Michael Buchanan Reports Stock Transactions
SEC Form 4 Filing
Director Michael Buchanan reports the vesting of restricted stock units and subsequent ownership of D.R. Horton common stock.
Summary
- On April 20, 2024, Michael Buchanan, a director of D.R. Horton, reported transactions involving the company's stock.
- Buchanan vested 139 restricted stock units, each convertible into one share of DHI common stock.
- Following the transaction, Buchanan directly owns 3,703 shares of DHI common stock.
- He also indirectly holds 8,136 shares through his wife.
- The restricted stock units were granted on April 20, 2023, and vest in five annual installments starting April 20, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company director, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices for directors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it represents a small portion of the company's outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 04/20/2023 | Reporting person was granted 695 restricted stock units, vesting in five annual installments beginning April 20, 2024. |
| 04/20/2024 | Vesting of 139 restricted stock units. |
| 04/23/2024 | Date of signature for the Form 4 filing. |
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