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 and subsequent tax-related disposition of restricted stock units.
Summary
- On March 17, 2024, David Auld, Executive Vice Chair of D.R. Horton, had 3,800 restricted stock units vest.
- These units converted into an equal number of DHI common stock shares.
- Auld surrendered 836 shares to cover tax obligations at a price of $151.69 per share.
- Following these transactions, Auld directly owns 798,121 shares of DHI common stock and indirectly owns 211,200 shares held in trusts for his children.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and does not indicate a significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation and the subsequent actions taken to cover tax liabilities.
Stakeholder Impact
- The transaction has a minor dilutive effect on existing shareholders due to the issuance of shares from vested units, offset by the surrender of shares for tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/17/2021 | Reporting person was granted 12,835 restricted stock units, vesting in three annual installments beginning March 17, 2022. |
| 03/17/2022 | First vesting date of restricted stock units granted on March 17, 2021. |
| 03/17/2024 | Transaction date: Vesting of 3,800 restricted stock units and surrender of shares for tax obligations. |
| 03/19/2024 | Date of Form 4 filing. |
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