Form 4: D.R. Horton EVP and COO Michael Murray Reports Stock Transactions
SEC Form 4 Filing
Michael Murray, EVP and COO of D.R. Horton, reports the vesting of restricted stock units and subsequent tax-related share surrender.
Summary
- On April 20, 2024, Michael Murray, EVP and COO of D.R. Horton, vested 2,370 restricted stock units, each convertible into one share of DHI common stock.
- Murray surrendered 933 shares to cover tax obligations related to the vesting at a price of $142.19 per share.
- Following these transactions, Murray directly owns 44,413 shares, indirectly owns 249,825 shares through a limited partnership, and indirectly holds 29,057 shares through a foundation.
- The restricted stock units were granted on April 20, 2023, and vest in five annual installments.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the stock ownership activities of D.R. Horton's executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/20/2023 | Reporting person was granted 11,850 restricted stock units, vesting in five annual installments. |
| 04/20/2024 | Vesting of 2,370 restricted stock units and surrender of shares for tax obligations. |
| 04/23/2024 | Date of signature on the Form 4 filing. |
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