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D.R. Horton appoints Carl E. Reichardt Jr. director

Compensation includes $80,000 in annual cash fees plus restricted stock unit awards valued at $235,000 annually and $250,000 one time.

(Moderate)

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Form Type
8-K

Rhea-AI Filing Summary

D.R. Horton, Inc. appointed Carl E. Reichardt, Jr. as an independent director effective October 22, 2026, expanding its board to nine directors, seven of whom are independent. The board will consider potential committee appointments for him after the Annual Meeting of Stockholders on January 14, 2027.

Reichardt will receive annual cash fees of $80,000, paid in quarterly installments of $20,000, and an annual restricted stock unit award with a grant date value of $235,000, which will vest on the first anniversary of the grant date. He was also granted a one-time new director restricted stock unit award with a grant date value of $250,000, which will vest in five equal annual installments beginning on the first anniversary of the grant date.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Board size 9 directors Following Carl E. Reichardt, Jr.'s appointment
Independent directors 7 directors Following the appointment
Annual cash fees $80,000 Director compensation
Quarterly cash installment $20,000 Annual cash fees payable in quarterly installments
Annual restricted stock unit award $235,000 grant date value Vests on the first anniversary of the grant date
One-time new director restricted stock unit award $250,000 grant date value Vests in five equal annual installments beginning on the first anniversary of the grant date
Annual meeting date January 14, 2027 The board will consider potential committee appointments after the meeting
restricted stock unit award financial
"annual restricted stock unit award with a grant date value of $235,000"
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
grant date value financial
"award with a grant date value of $250,000"
independent director technical
"appointed Carl E. Reichardt, Jr. to the Board as an independent director"
An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.
vest financial
"will vest in five equal annual installments"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who did DHI appoint to its board?

D.R. Horton, Inc. appointed Carl E. Reichardt, Jr. as an independent director effective October 22, 2026. The appointment brings the board to nine directors, seven of whom are independent.

What compensation will DHI's new director receive?

Carl E. Reichardt, Jr. will receive annual cash fees of $80,000, paid in quarterly installments of $20,000, and an annual restricted stock unit award with a grant date value of $235,000. He was also granted a one-time award with a grant date value of $250,000; it will vest in five equal annual installments.

What was Carl E. Reichardt, Jr.'s prior experience?

Carl E. Reichardt, Jr. most recently served as a Partner of BTIG from 2024 until his retirement in 2025, after serving as a Managing Director there from 2016 to 2023. Before BTIG, he was Chief Investment Officer of Hacienda Capital Partners from 2012 to 2016 and held roles at Wells Fargo Securities and Banc of America Securities.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 ______________________________
FORM 8-K
 ______________________________
Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 22, 2026
 ______________________________
D.R. Horton, Inc.
(Exact name of registrant as specified in its charter)
 
Delaware1-1412275-2386963
(State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)
1341 Horton Circle, Arlington, Texas 76011
(Address of principal executive offices)
(817) 390-8200
(Registrant’s telephone number, including area code)
 ______________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading SymbolName of Each Exchange on Which Registered
Common Stock, par value $.01 per shareDHINew York Stock Exchange
NYSE Texas
5.000% Senior Notes due 2034DHI 34New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨





Item 5.02.    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective October 22, 2026, the Company’s Board of Directors (the “Board”) appointed Carl E. Reichardt, Jr. to the Board as an independent director. With the appointment of Mr. Reichardt, the Board has expanded to nine directors, seven of whom are independent. The Board will consider potential committee appointments for Mr. Reichardt following the Company’s Annual Meeting of Stockholders to be held on January 14, 2027.

Mr. Reichardt, age 61, most recently served as a Partner of BTIG, LLC (“BTIG”), from 2024 until his retirement in 2025, after serving as a Managing Director of BTIG from 2016 to 2023. Prior to joining BTIG, Mr. Reichardt served as Chief Investment Officer of Hacienda Capital Partners LLC from 2012 to 2016. From 2003 to 2011, Mr. Reichardt served as Director and Managing Director at Wells Fargo Securities. From 1993 to 2003, Mr. Reichardt served in positions of increasing responsibility including as Principal at Banc of America Securities. Mr. Reichardt received a Bachelor of Arts degree from Georgetown University and a Master of Business Administration degree from Stanford University.

In connection with his appointment, Mr. Reichardt will receive annual cash fees of $80,000, payable in quarterly installments of $20,000, and an annual restricted stock unit award with a grant date value of $235,000, which will vest on the first anniversary of the date of grant. Mr. Reichardt was also granted a one-time new director restricted stock unit award with a grant date value of $250,000, which will vest in five equal annual installments beginning on the first anniversary of the date of grant.

There is no arrangement or understanding between Mr. Reichardt and any other person pursuant to which he was selected as a director. There are no family relationships between Mr. Reichardt and any officer or director of the Company. Mr. Reichardt is not a party to any transaction, and there is no currently proposed transaction, in which the Company was or is to be a participant that would be required to be disclosed under Item 404(a) of Regulation S-K.

2



SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

D.R. Horton, Inc.


Date:
October 26, 2026By:/s/ THOMAS B. MONTAÑO
Thomas B. Montaño
Senior Vice President and Corporate Secretary

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