Form 4: D.R. Horton SVP, Controller and PAO Aron M. Odom Reports Stock Transactions
SEC Form 4 Filing
Aron M. Odom, SVP, Controller and PAO of D.R. Horton, reports the vesting of restricted stock units and subsequent tax obligation fulfillment through share surrender.
Summary
- On March 30, 2024, Aron M. Odom, SVP, Controller and PAO of D.R. Horton, exercised 887 restricted stock units, converting them into an equal number of common stock shares.
- To cover tax obligations related to the vesting, Odom surrendered 350 shares of D.R. Horton common stock at a price of $164.55 per share.
- Following these transactions, Odom directly owns 7,457 shares of D.R. Horton common stock and 2,661 restricted stock units.
Sentiment
Score: 5
Explanation: This Form 4 filing reflects routine transactions related to executive compensation and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be an indicator of management's confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 03/30/2022 | Reporting person was granted 4,435 restricted stock units, vesting in five annual installments beginning March 30, 2023. |
| 03/30/2023 | First vesting date of restricted stock units granted on March 30, 2022. |
| 03/30/2024 | Reporting person exercised 887 restricted stock units and surrendered shares for tax obligations. |
| 04/02/2024 | Date of report filing. |
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