D.R. Horton (NYSE: DHI) EVP Murray logs RSU vesting and tax share surrender

Rhea-AI Filing Summary

D.R. Horton EVP and COO Michael J. Murray reported a routine equity compensation event involving restricted stock units (RSUs) and related tax withholding. On March 23, 2026, 3,820 RSUs converted into 3,820 shares of DHI common stock, reflecting the vesting of an award originally granted on March 23, 2022 that vests in five annual installments.

To cover tax obligations on this vesting, 1,504 shares of common stock were surrendered back to the issuer at $138.82 per share, a non‑market, tax-withholding disposition rather than an open‑market sale. After these transactions, Mr. Murray owns 126,135 shares of DHI common stock directly, beneficially owns 249,825 shares indirectly through a limited partnership controlled by him and his wife, and indirectly holds 32,340 shares through a family-controlled foundation.

Insider Trade Summary

3,820 shares exercised/converted

Mixed 5 txns

Insider Murray Michael J

Role EVP and COO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	3,820	$0.00	--
Exercise	Common Stock	3,820	$0.00	--
Tax Withholding	Common Stock	1,504	$138.82	$209K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Unit — 3,819 shares (Direct); Common Stock — 127,639 shares (Direct); Common Stock — 249,825 shares (Indirect, Held by Limited Partnership controlled by Mr. Murray and his wife.)

Footnotes (1)

1. Each restricted stock unit converts into one share of DHI common stock. These shares were surrendered to issuer to cover tax obligations of the 3,820 shares of DHI common stock issued upon the vesting of the restricted stock units awarded March 23, 2022. Following all transactions on this Form 4, Mr. Murray owns directly 126,135 shares of DHI common stock, indirectly beneficially owns 249,825 shares of DHI common stock and indirectly holds 32,340 shares of DHI common stock. On March 23, 2022, the reporting person was granted 19,098 restricted stock units, vesting in five annual installments beginning March 23, 2023.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Murray Michael J

(Last) (First) (Middle)

1341 HORTON CIRCLE

(Street)

ARLINGTON TEXAS 76011

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
HORTON D R INC /DE/ [ DHI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and COO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/23/2026		M		3,820	A	(1)	127,639	D
Common Stock	03/23/2026		F(2)		1,504	D	$138.82	126,135(3)	D
Common Stock								249,825(3)	I	Held by Limited Partnership controlled by Mr. Murray and his wife.
Common Stock								32,340(3)	I	Held by Foundation controlled by Mr. Murray and members of his immediate family.

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	03/23/2026		M			3,820	(4)	(4)	Common Stock	3,820	$0	3,819	D

Explanation of Responses:

1. Each restricted stock unit converts into one share of DHI common stock.

2. These shares were surrendered to issuer to cover tax obligations of the 3,820 shares of DHI common stock issued upon the vesting of the restricted stock units awarded March 23, 2022.

3. Following all transactions on this Form 4, Mr. Murray owns directly 126,135 shares of DHI common stock, indirectly beneficially owns 249,825 shares of DHI common stock and indirectly holds 32,340 shares of DHI common stock.

4. On March 23, 2022, the reporting person was granted 19,098 restricted stock units, vesting in five annual installments beginning March 23, 2023.

	/s/ Michael J. Murray	03/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did D.R. Horton (DHI) EVP Michael J. Murray report?

Michael J. Murray reported RSU vesting that converted 3,820 restricted stock units into 3,820 shares of D.R. Horton common stock. This was part of an equity award granted on March 23, 2022, vesting in five annual installments starting March 23, 2023.

How many D.R. Horton (DHI) shares were used to cover Michael J. Murray’s taxes?

To satisfy tax obligations from the RSU vesting, 1,504 D.R. Horton common shares were surrendered back to the company at $138.82 per share. This tax-withholding is not an open-market sale but an administrative share disposition to pay required taxes.

How many D.R. Horton (DHI) shares does Michael J. Murray own after this Form 4?

Following the reported transactions, Michael J. Murray directly owns 126,135 D.R. Horton common shares. He also beneficially owns 249,825 shares indirectly through a limited partnership and indirectly holds 32,340 shares through a family-controlled foundation, according to the filing footnotes.

Was Michael J. Murray’s D.R. Horton (DHI) Form 4 a market sale or routine vesting?

The Form 4 primarily reflects routine RSU vesting and related tax withholding, not an open-market sale. Shares were issued upon RSU conversion, and 1,504 shares were surrendered to the issuer solely to cover tax liabilities tied to that vesting event.

What was the original D.R. Horton (DHI) RSU grant underlying this Form 4?

The RSUs originated from a grant of 19,098 restricted stock units on March 23, 2022. This award vests in five equal annual installments beginning March 23, 2023, and each vested unit converts into one share of D.R. Horton common stock upon vesting.

Does the D.R. Horton (DHI) Form 4 show remaining unvested RSUs for Michael J. Murray?

The filing notes a 19,098-unit RSU grant vesting over five years and shows 3,820 units vesting in the current event. Remaining installments from that grant continue under the original vesting schedule, with each unit converting into one common share when it vests.