Form 4: D.R. Horton Director Transfers Shares to Family Trust for Estate Planning

Donald R. Horton, a director at D.R. Horton, Inc., transferred 8,021 shares of common stock to The Horton Family Revocable Trust for tax and estate planning purposes, resulting in him indirectly beneficially owning 4,302,251 shares.

Summary

• On April 2, 2024, Donald R. Horton, a director of D.R. Horton, Inc. (DHI), transferred 8,021 shares of DHI common stock to The Horton Family Revocable Trust.
• This transaction was conducted for tax and estate planning purposes.
• Following the transaction, Mr. Horton no longer directly holds any shares of DHI common stock.
• He indirectly beneficially owns 4,302,251 shares through The Horton Family Revocable Trust.

Sentiment

Score: 7

Explanation: The document describes a routine transaction for estate planning purposes, which is neither particularly positive nor negative for the company's outlook. The large number of shares still indirectly owned by Mr. Horton suggests continued confidence.

Industry Context

Transactions of this nature are common among corporate executives for personal financial planning and do not necessarily reflect a change in their outlook on the company's performance.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates