Form 4: D.R. Horton SVP, Controller and PAO Aron M. Odom Reports Stock Transactions
SEC Form 4
Aron M. Odom, SVP, Controller and PAO of D.R. Horton, reports the vesting and subsequent tax-related disposal of shares related to restricted stock units.
Summary
- On March 12, 2024, Aron M. Odom, SVP, Controller and PAO of D.R. Horton, exercised 1,682 restricted stock units, each convertible into one share of DHI common stock.
- Following the exercise, 704 shares were surrendered to cover tax obligations at a price of $154.62 per share.
- After these transactions, Odom directly owns 6,081 shares of D.R. Horton common stock and 1,682 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.
Key Dates
| Date | Description |
|---|---|
| 03/12/2020 | Reporting person was granted 8,410 restricted stock units, vesting in five annual installments beginning March 12, 2021. |
| 03/12/2021 | First vesting date of restricted stock units. |
| 03/12/2024 | Restricted stock units exercised and shares surrendered for tax obligations. |
| 03/14/2024 | Date of signature for the Form 4 filing. |
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