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 and subsequent tax-related disposition of restricted stock units.

Summary

• On March 17, 2025, Michael Murray, EVP and COO of D.R. Horton, reported transactions involving DHI common stock.
• 2,232 restricted stock units vested and converted into an equal number of common shares.
• 879 shares were surrendered to cover tax obligations related to the vesting of these units at a price of $127.06 per share.
• Following these transactions, Murray directly owns 82,760 shares, indirectly owns 249,825 shares through a limited partnership, and indirectly holds 31,630 shares through a foundation.
• The restricted stock units were initially granted on March 17, 2021, and vest in five annual installments.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions by a company executive, with no inherently positive or negative implications for the company's performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor executive compensation and potential alignment of interests.

Stakeholder Impact

• The transactions have a minor impact on the overall shareholding structure of the company.
• The disclosure provides transparency to shareholders regarding executive compensation.

Key Dates

Keywords

D.R. Horton, DHI, Michael Murray, restricted stock units, Form 4, insider trading, executive compensation, stock ownership