Form 4: D.R. Horton's CEO Paul Romanowski Reports Stock Transactions
SEC Form 4 Filing
D.R. Horton's CEO, Paul Romanowski, reports the vesting of restricted stock units and subsequent tax obligation fulfillment through share surrender.
Summary
- On April 20, 2024, Paul J. Romanowski, the President and CEO of D.R. Horton, Inc., reported transactions involving the company's common stock.
- He acquired 2,370 shares of common stock through the vesting of restricted stock units.
- Simultaneously, he surrendered 933 shares to cover tax obligations related to the vesting at a price of $142.19 per share.
- Following these transactions, Romanowski directly owns 96,855 shares of D.R. Horton common stock.
- He also holds 9,480 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, like the CEO of D.R. Horton, when they conduct transactions in their company's stock. It provides transparency to the market regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 04/20/2023 | Reporting person was granted 11,850 restricted stock units, vesting in five annual installments beginning April 20, 2024. |
| 04/20/2024 | Date of transaction: Acquisition of 2,370 shares through vesting of restricted stock units and surrender of 933 shares for tax obligations. |
| 04/23/2024 | Date of signature on the Form 4 filing. |
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