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 30, 2025, Bill W. Wheat, the EVP and CFO of D.R. Horton, exercised 2,535 restricted stock units, converting them into an equal number of common stock shares.
- Wheat then surrendered 998 shares to cover tax obligations related to the vesting of these restricted stock units.
- The price per share for the tax obligation fulfillment was $125.99.
- Following these transactions, Wheat directly owns 295,777 shares of D.R. Horton common stock and 5,070 restricted stock units.
- The restricted stock units stem from a grant on March 30, 2022, of 12,675 units, vesting in five annual installments starting March 30, 2023.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. It doesn't inherently convey positive or negative sentiment.
Positives
- The vesting of restricted stock units indicates a form of compensation and alignment of interests between the executive and the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the vesting of previously granted stock units and a small reduction in outstanding shares due to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/30/2022 | Reporting person was granted 12,675 restricted stock units, vesting in five annual installments beginning March 30, 2023. |
| 03/30/2023 | First vesting date of restricted stock units granted on March 30, 2022. |
| 03/30/2025 | Date of transaction: exercise of restricted stock units and surrender of shares for tax obligations. |
| 03/31/2025 | Date of signature for the Form 4 filing. |
Keywords
D.R. Horton, Bill W. Wheat, restricted stock units, Form 4, insider trading, executive compensation, stock options, DHI
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