Form 4: D.R. Horton EVP and COO Michael J. Murray Reports Gift of Shares

Michael J. Murray, EVP and COO of D.R. Horton, reported a gift of 2,050 common stock shares, while maintaining significant direct and indirect holdings.

Summary

• Michael J. Murray, the Executive Vice President and Chief Operating Officer of D.R. Horton, filed a Form 4 indicating a change in his beneficial ownership of the company's stock.
• On December 16, 2024, Mr. Murray gifted 2,050 shares of D.R. Horton common stock to an outside entity.
• The transaction was a gift, with a price of $0 per share.
• Following this transaction, Mr. Murray directly owns 78,435 shares of D.R. Horton common stock.
• He also indirectly beneficially owns 249,825 shares through a limited partnership controlled by him and his wife.
• Additionally, he indirectly holds 31,630 shares through a foundation controlled by him and his family members.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of a stock transaction, with no inherent positive or negative sentiment.

Management Comments

• Mr. Murray disclaims beneficial ownership of the gifted shares.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in the corporate world. It provides transparency into the ownership structure of the company.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in the US, as mandated by the SEC.
• The level of detail provided in this filing is consistent with other Form 4 filings by executives at comparable companies.
• The reporting of direct and indirect ownership is a common practice to ensure transparency.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares relative to the total outstanding shares.
• The filing provides transparency to stakeholders regarding executive ownership.

Key Dates

Keywords

Form 4, Beneficial Ownership, D.R. Horton, Michael J. Murray, Stock Gift, Executive, Share Holdings