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, reported the vesting of restricted stock units and subsequent tax obligation fulfillment through share surrender on March 12, 2024.
Summary
- On March 12, 2024, Bill W. Wheat, the EVP and CFO of D.R. Horton, reported transactions involving the company's common stock.
- Wheat exercised 4,949 restricted stock units, which converted into an equal number of shares of DHI common stock.
- Simultaneously, 1,976 shares were surrendered to cover tax obligations related to the vesting of these restricted stock units at a price of $154.62.
- Following these transactions, Wheat directly owns 256,388 shares of DHI common stock and 4,949 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions, neither inherently positive nor negative.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of company executives. It is a standard practice for publicly traded companies and their officers.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the vesting of previously granted equity compensation.
Key Dates
| Date | Description |
|---|---|
| 03/12/2020 | Reporting person was granted 24,745 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 | EVP and CFO Bill W. Wheat exercised 4,949 restricted stock units and surrendered 1,976 shares for tax obligations. |
| 03/14/2024 | Date of signature for the Form 4 filing. |
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