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, reported the vesting of restricted stock units and subsequent tax-related share surrender on March 17, 2024.
Summary
- On March 17, 2024, Michael Murray, the EVP and COO of D.R. Horton, had restricted stock units vest, converting into 2,232 shares of DHI common stock.
- Murray surrendered 879 shares to cover tax obligations related to the vesting at a price of $151.69 per share.
- Following these transactions, Murray directly owns 38,095 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 March 17, 2021, and vest in five annual installments starting March 17, 2022.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices, and does not inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on the overall shareholding structure of the company.
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. |
| 03/17/2024 | Restricted stock units vested and shares were surrendered for tax obligations. |
| 03/19/2024 | Date of Form 4 filing. |
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