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  4. [Form 4] HORTON D R INC /DE/ Insider Trading Activity

D.R. Horton (NYSE: DHI) director exercises RSUs into common shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Director Benjamin Carson Sr of D.R. Horton reported routine equity compensation activity. On April 20, 2026, he exercised derivative awards so that 683 shares of Common Stock were acquired and added to his direct holdings. Two batches of Restricted Stock Units (RSUs) covering 139 and 544 underlying shares converted into common stock, consistent with their vesting schedules described in prior grant footnotes. After these transactions, he holds 9,752 shares of Common Stock directly and 278 RSUs that may convert into additional shares in the future.

Positive

  • None.

Negative

  • None.
Insider CARSON BENJAMIN SR
Role null
Type Security Shares Price Value
Exercise Restricted Stock Unit 544 $0.00 --
Exercise Restricted Stock Unit 139 $0.00 --
Exercise Common Stock 683 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 0 shares (Direct, null); Common Stock — 9,752 shares (Direct, null)
Footnotes (1)
  1. Each restricted stock unit converts into one share of DHI common stock. On April 20, 2021, the reporting person was granted 2,720 restricted stock units, vesting in five annual installments beginning April 20, 2022. On April 20, 2023, the reporting person was granted 695 restricted stock units, vesting in five annual installments beginning April 20, 2024.
Common shares acquired 683 shares Common Stock from derivative exercise on April 20, 2026
Shares held after transaction 9,752 shares Common Stock directly owned after April 20, 2026 activity
RSUs converted (lot 1) 139 units Restricted Stock Units converting into Common Stock
RSUs converted (lot 2) 544 units Restricted Stock Units converting into Common Stock
RSUs remaining 278 units Restricted Stock Units outstanding after transactions
2021 RSU grant 2,720 units Granted April 20, 2021, vesting in five annual installments
2023 RSU grant 695 units Granted April 20, 2023, vesting in five annual installments
Restricted Stock Unit financial
"The filing shows 139 and 544 Restricted Stock Units converting into D.R. Horton common shares."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Common Stock financial
"683 shares of Common Stock were acquired and added to his direct holdings."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Exercise or conversion of derivative security financial
"The transactions used code M, indicating exercise or conversion of derivative securities such as Restricted Stock Units."
derivative security financial
"Code M indicates exercise or conversion of derivative security, rather than open-market trades."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
CARSON BENJAMIN SR
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/20/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock04/20/2026M683A(1)9,752D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1)04/20/2026M544 (2) (2)Common Stock544$00D
Restricted Stock Unit(1)04/20/2026M139 (3) (3)Common Stock139$0278D
Explanation of Responses:
1. Each restricted stock unit converts into one share of DHI common stock.
2. On April 20, 2021, the reporting person was granted 2,720 restricted stock units, vesting in five annual installments beginning April 20, 2022.
3. On April 20, 2023, the reporting person was granted 695 restricted stock units, vesting in five annual installments beginning April 20, 2024.
/s/ Thomas B. Montano, Attorney-in-Fact04/22/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Benjamin Carson Sr report at D.R. Horton (DHI)?

Director Benjamin Carson Sr reported exercising equity awards that delivered 683 shares of Common Stock and converted RSUs into shares. These actions reflect routine equity compensation vesting rather than open-market buying or selling activity.

How many D.R. Horton shares does Benjamin Carson Sr hold after this Form 4?

Following the reported transactions, Benjamin Carson Sr directly holds 9,752 shares of D.R. Horton Common Stock. He also retains 278 Restricted Stock Units, which each represent the right to receive one additional share of common stock upon future vesting.

What Restricted Stock Units were involved in Benjamin Carson Sr’s DHI filing?

The filing shows 139 and 544 Restricted Stock Units converting into D.R. Horton common shares. Each RSU converts into one share, as disclosed, turning these derivative awards into actual stock under previously granted compensation agreements.

Were the D.R. Horton (DHI) insider transactions open-market buys or sells?

No. The transactions used code M, indicating exercise or conversion of derivative securities such as Restricted Stock Units. They reflect compensation vesting, not open-market purchases or sales by the director on an exchange.

What do the RSU grant footnotes in the D.R. Horton Form 4 explain?

Footnotes state that Carson received 2,720 RSUs on April 20, 2021 and 695 RSUs on April 20, 2023, each vesting in five annual installments. These details explain why portions of those awards are now converting into common stock.