DHI.NYSEHorton D R INC /DE/

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

Sentiment:

SEC Form 4 Filing

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

Summary

  • On March 12, 2024, Michael Murray, EVP and COO of D.R. Horton, exercised restricted stock units, converting them into 4,949 shares of DHI common stock.
  • He then surrendered 1,976 shares to cover tax obligations related to the vesting at a price of $154.62.
  • Following these transactions, Murray directly owns 36,742 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 12, 2020, and vested in five annual installments starting March 12, 2021.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions. 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 who receive stock-based compensation. It provides transparency into the executive's stock ownership and recent trading activity.

Key Dates

DateDescription
03/12/2020Reporting person was granted 24,745 restricted stock units, vesting in five annual installments beginning March 12, 2021.
03/12/2021First vesting date of restricted stock units granted on March 12, 2020.
03/12/2024Restricted stock units exercised and shares surrendered for tax obligations.
03/14/2024Date of signature on the Form 4 filing.

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