Form 4: D.R. Horton Director Michael Buchanan Reports Stock Transactions
SEC Form 4
Director Michael Buchanan reports the vesting of restricted stock units and subsequent ownership of D.R. Horton shares.
Summary
- On March 12, 2024, Michael Buchanan, a director of D.R. Horton, Inc., reported the vesting of 449 restricted stock units, which converted into an equal number of common stock shares.
- Following this transaction, Buchanan directly owns 3,137 shares of D.R. Horton common stock.
- Buchanan also indirectly holds 8,136 shares through his wife.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it involves a small number of shares relative to the company's total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/12/2020 | Reporting person was granted 2,245 restricted stock units, vesting in five annual installments beginning March 12, 2021. |
| 03/12/2021 | First vesting date of restricted stock units granted on March 12, 2020. |
| 03/12/2024 | Transaction date: vesting of 449 restricted stock units. |
| 03/14/2024 | Date of signature for the Form 4 filing. |
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