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 obligation fulfillment through share surrender.
Summary
- On March 17, 2025, Bill W. Wheat, the EVP and CFO of D.R. Horton, exercised restricted stock units, converting them into 2,232 shares of DHI common stock.
- Wheat then surrendered 879 shares to cover tax obligations related to the vesting of these units.
- The price per share for the tax obligation fulfillment was $127.06.
- Following these transactions, Wheat directly owns 294,240 shares of DHI common stock and 2,232 restricted stock units.
- The restricted stock units stem from a grant on March 17, 2021, of 11,160 units, vesting in five annual installments.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation; it doesn't inherently indicate 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.
Stakeholder Impact
- The transaction has a minor impact on the total outstanding shares of D.R. Horton.
Key Dates
| Date | Description |
|---|---|
| 03/17/2021 | Reporting person was granted 11,160 restricted stock units, vesting in five annual installments beginning March 17, 2022. |
| 03/17/2022 | First vesting date of restricted stock units granted on March 17, 2021. |
| 03/17/2025 | Date of transaction: exercise of restricted stock units and surrender of shares for tax obligations. |
| 03/19/2025 | Date of signature on the Form 4 filing. |
Keywords
D.R. Horton, DHI, Bill W. Wheat, Executive Compensation, Form 4, Stock Options, Restricted Stock Units, Insider Trading
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