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 March 30, 2024, Michael Buchanan, a director of D.R. Horton, Inc., reported transactions involving the company's common stock.
- Buchanan acquired 224 shares of common stock through the vesting of restricted stock units.
- Following these transactions, Buchanan directly owns 3,564 shares and indirectly holds 8,136 shares through his wife.
- The restricted stock units were granted on March 30, 2022, and vest in five annual installments starting March 30, 2023.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 03/30/2022 | Reporting person was granted 1,120 restricted stock units, vesting in five annual installments beginning March 30, 2023. |
| 03/30/2023 | First vesting date of restricted stock units granted on March 30, 2022. |
| 03/30/2024 | Transaction date: 224 shares of common stock acquired through vesting of restricted stock units. |
| 04/02/2024 | Date of signature for the Form 4 filing. |
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