D.R. Horton EVP exercises 2,232 RSUs, with tax shares

Rhea-AI Filing Summary

D.R. Horton executive Michael J. Murray, EVP and COO, reported routine equity compensation activity involving restricted stock units that vested into common stock. On March 17, 2026, 2,232 restricted stock units converted into 2,232 shares of DHI common stock, consistent with each unit converting into one share.

Of these shares, 908 were surrendered to the issuer at $142.14 per share to cover tax obligations related to the vesting, leaving a net increase in his directly held shares. After all reported transactions, Mr. Murray directly owns 123,819 shares of DHI common stock, indirectly beneficially owns 249,825 shares through a limited partnership he and his wife control, and indirectly holds 32,340 shares through a family-controlled foundation.

Insider Trade Summary

2,232 shares exercised/converted

Exercise 5 txns

Insider Murray Michael J

Role EVP and COO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	2,232	$0.00	$0.00
Exercise	Common Stock	2,232	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	908	$142.14	$129K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Unit — 0 contracts (Direct); Common Stock — 123,819 shares (Direct); Common Stock — 249,825 shares (Indirect, Held by Limited Partnership controlled by Mr. Murray and his wife.); Common Stock — 32,340 shares (Indirect, Held by Foundation controlled by Mr. Murray and members of his immediate family.)

Footnotes (4)

1. F1. Each restricted stock unit converts into one share of DHI common stock.
2. F2. These shares were surrendered to issuer to cover tax obligations of the 2,232 shares of DHI common stock issued upon the vesting of the restricted stock units awarded March 17, 2021.
3. F3. Following all transactions on this Form 4, Mr. Murray owns directly 123,819 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. F4. On March 17, 2021, the reporting person was granted 11,160 restricted stock units, vesting in five annual installments beginning March 17, 2022.

FAQ

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

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

Michael J. Murray reported the vesting of 2,232 restricted stock units, which converted into 2,232 shares of D.R. Horton common stock. This is a routine equity compensation event reflecting a scheduled RSU vest tied to earlier awards.

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

Murray surrendered 908 shares of D.R. Horton common stock at $142.14 per share to cover tax obligations from the RSU vesting. These shares were delivered back to the issuer rather than sold in the open market.

What are Michael J. Murray’s direct D.R. Horton (DHI) share holdings after this Form 4?

Following the reported transactions, Murray directly owns 123,819 shares of D.R. Horton common stock. This figure reflects the RSU conversion, the tax-withholding share surrender, and his resulting direct equity position with the company.

What indirect D.R. Horton (DHI) holdings are associated with Michael J. Murray?

After the transactions, Murray indirectly beneficially owns 249,825 shares through a limited partnership he and his wife control and indirectly holds 32,340 shares through a family-controlled foundation, according to the filing footnotes.

Were Michael J. Murray’s D.R. Horton (DHI) transactions open-market buys or sales?

The filing shows no open-market purchases or sales. It reports an RSU conversion into common stock and a tax-withholding share surrender to the issuer, which is a compensation-related mechanism rather than discretionary market trading.

What prior RSU grant led to Michael J. Murray’s March 17, 2026 D.R. Horton (DHI) vesting?

The vesting stems from an 11,160 restricted stock unit grant awarded on March 17, 2021, scheduled to vest in five annual installments beginning March 17, 2022, as disclosed in the footnotes.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 03/18/2026 - 05:25 PM Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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)
03/17/2026

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	03/17/2026		M		2,232	A	(1)	124,727	D
Common Stock	03/17/2026		F(2)		908	D	$142.14	123,819(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)	03/17/2026		M			2,232	(4)	(4)	Common Stock	2,232	$0	0	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 2,232 shares of DHI common stock issued upon the vesting of the restricted stock units awarded March 17, 2021.

3. Following all transactions on this Form 4, Mr. Murray owns directly 123,819 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 17, 2021, the reporting person was granted 11,160 restricted stock units, vesting in five annual installments beginning March 17, 2022.

	/s/ Michael J. Murray	03/18/2026
	** 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)