Form 4: D.R. Horton Executive Vice Chair David Auld Reports Stock Transactions
SEC Form 4 Filing
David Auld, Executive Vice Chair of D.R. Horton, reports the vesting of restricted stock units and subsequent transactions involving the company's common stock.
Summary
- On March 23, 2024, David Auld, Executive Vice Chair of D.R. Horton, reported transactions involving DHI common stock.
- 12,732 restricted stock units vested and converted into an equal number of shares.
- Auld surrendered 4,319 shares to cover tax obligations related to the vesting at a price of $161.82 per share.
- Following these transactions, Auld directly owns 781,534 shares and indirectly owns 211,200 shares through trusts for his children.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in Auld's holdings.
Key Dates
| Date | Description |
|---|---|
| 03/23/2022 | Reporting person was granted 38,197 restricted stock units, vesting in three annual installments beginning March 23, 2023. |
| 03/23/2023 | First vesting date of restricted stock units granted on March 23, 2022. |
| 03/23/2024 | Restricted stock units vested and shares were surrendered for tax obligations. |
| 03/26/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.