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
- Michael Buchanan, a director of D.R. Horton, Inc., filed a Form 4 to report changes in beneficial ownership of the company's stock.
- On April 21, 2025, Buchanan vested 139 restricted stock units, which converted into an equal number of common stock shares.
- Following the transaction, Buchanan directly owns 4,343 shares of D.R. Horton common stock.
- He also indirectly holds 8,136 shares through his wife.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company insider, and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| April 20, 2023 | Reporting person was granted 695 restricted stock units, vesting in five annual installments beginning April 20, 2024. |
| April 20, 2024 | First vesting date of restricted stock units granted on April 20, 2023. |
| April 21, 2025 | Transaction date: 139 restricted stock units vested and converted to common stock. |
| April 22, 2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, D.R. Horton, Stock, Beneficial Ownership, Buchanan, Director, DHI, Restricted Stock Units
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