Form 4: D.R. Horton EVP and CFO Bill W. Wheat Reports Stock Transactions
SEC Form 4 Filing
Bill W. Wheat, EVP and CFO of D.R. Horton, reports the vesting of restricted stock units and subsequent tax-related share surrender.
Summary
- On November 8, 2024, Bill W. Wheat, the EVP and CFO of D.R. Horton, had 1,888 restricted stock units vest, which converted into an equal number of common stock shares.
- Wheat surrendered 743 shares to cover tax obligations related to the vesting at a price of $168.79 per share.
- Following these transactions, Wheat directly owns 289,914 shares of D.R. Horton common stock.
- Wheat also holds 7,552 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.
Key Dates
| Date | Description |
|---|---|
| 11/08/2023 | Reporting person was granted 9,440 restricted stock units, vesting in five annual installments beginning November 8, 2024. |
| 11/08/2024 | Restricted stock units vested and shares surrendered for tax obligations. |
| 11/12/2024 | Date of signature for the Form 4 filing. |
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