Form 4: D.R. Horton EVP and COO Michael Murray Reports Stock Transactions

Michael Murray, EVP and COO of D.R. Horton, reports the vesting of restricted stock units and subsequent tax-related share surrender.

Summary

• On November 8, 2024, Michael Murray, EVP and COO of D.R. Horton, reported transactions involving DHI common stock.
• 2,094 restricted stock units vested, converting into an equal number of common shares.
• 824 shares were surrendered to cover tax obligations related to the vesting of these units at a price of $168.79.
• Following these transactions, Murray directly owns 80,485 shares, indirectly owns 249,825 shares through a limited partnership, and indirectly holds 31,630 shares through a foundation.
• The restricted stock units were granted on November 8, 2023, and vest in five annual installments.

Sentiment

Score: 5

Explanation: This is a neutral report on routine stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve a relatively small number of shares compared to the total outstanding shares.

Key Dates