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D.R. Horton COO converts 52,242 stock awards

A separate 8,730-unit restricted stock award is scheduled to vest in five equal installments beginning October 30, 2027.

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Form Type
4

Rhea-AI Filing Summary

Michael J. Murray, D.R. Horton’s EVP and COO, reported RSU conversions and stock settlements on October 29 and October 30, 2026. On October 29, 1,689 RSUs converted into common stock and 665 shares were surrendered to the issuer for tax obligations. On October 30, 52,242 RSUs converted into common stock, 9,590 common shares were reported in settlement of performance bonuses, and 28,106 shares were surrendered to cover tax obligations tied to 61,832 common shares. He also received 8,730 RSUs vesting in five equal installments beginning October 30, 2027. Following all transactions, he held 158,718 shares directly, indirectly beneficially owned 249,825 shares through a limited partnership, and indirectly held 32,340 shares through a foundation.

Insider Murray Michael J
Role EVP and COO
Type Security Shares Price Value
Exercise Restricted Stock Unit F4 52,242 $0.00 $0.00
Grant/Award Restricted Stock Unit F4, F8 8,730 $0.00 $0.00
Exercise Common Stock F3, F4 52,242 $0.00 $0.00
Grant/Award Common Stock F3 9,590 $0.00 $0.00
Tax Withholding Common Stock F5, F6 28,106 $146.03 $4.10M
Exercise Restricted Stock Unit F1, F7 1,689 $0.00 $0.00
Exercise Common Stock F1 1,689 -- --
Tax Withholding Common Stock F2 665 $146.53 $97K
Holding Common Stock F6 -- -- --
Holding Common Stock F6 -- -- --
Holdings After Transaction: Restricted Stock Unit — 15,486 contracts (Direct); Common Stock — 158,718 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 (8)
  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 1,689 shares of DHI common stock issued upon the vesting of the restricted stock units awarded October 29, 2025.
  3. F3. Represents payment or settlement in DHI common stock related to performance bonuses for the period ending September 30, 2026.
  4. F4. Each restricted stock unit represents a contingent right to receive one share of DHI common stock upon vesting.
  5. F5. These shares were surrendered to issuer to cover tax obligations of the 61,832 shares of DHI common stock referenced in note 3 above.
  6. F6. Following all transactions on this Form 4, Mr. Murray owns directly 158,718 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.
  7. F7. On October 29, 2025, the reporting person was granted 8,445 restricted stock units, vesting in five annual installments beginning October 29, 2026.
  8. F8. The restricted stock units vest in five equal installments beginning October 30, 2027.
RSUs converted 1,689 shares October 29, 2026
Tax-withholding shares 665 shares at $146.53 per share October 29, 2026
RSUs converted 52,242 shares October 30, 2026
Performance-bonus settlement 9,590 common shares October 30, 2026
Tax-withholding shares 28,106 shares at $146.03 per share October 30, 2026
RSU award 8,730 restricted stock units Vesting in five equal installments beginning October 30, 2027
Direct holdings 158,718 shares Following all transactions
Indirect holdings 249,825 shares (limited partnership); 32,340 shares (foundation) Following all transactions
restricted stock unit financial
"Each restricted stock unit converts into one share"
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.
contingent right financial
"represents a contingent right to receive one share"
vesting financial
"vest in five equal installments beginning October 30, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
performance bonuses financial
"related to performance bonuses for the period ending September 30, 2026"

FAQ

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

What did DHI COO Michael J. Murray report on October 29 and 30, 2026?

On October 29, 2026, he reported conversion of 1,689 RSUs into common stock and surrender of 665 shares to the issuer for tax obligations. On October 30, he reported conversion of 52,242 RSUs, 9,590 common shares related to performance-bonus settlement, surrender of 28,106 shares for tax obligations, and an award of 8,730 RSUs.

How many DHI shares did Michael J. Murray surrender for taxes, and at what prices?

He surrendered 665 shares at $146.53 per share on October 29, 2026, and 28,106 shares at $146.03 per share on October 30, 2026, to the issuer for tax obligations. The October 30 surrender covered tax obligations associated with 61,832 shares of DHI common stock.

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

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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*
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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP and COO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
10/29/2026
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 Stock10/29/2026M1,689A(1)125,657D
Common Stock10/29/2026F(2)665D$146.53124,992D
Common Stock10/30/2026M(3)52,242A$0(4)177,234D
Common Stock10/30/2026A(3)9,590A$0186,824D
Common Stock10/30/2026F(5)28,106D$146.03158,718(6)D
Common Stock249,825(6)IHeld by Limited Partnership controlled by Mr. Murray and his wife.
Common Stock32,340(6)IHeld 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1)10/29/2026M1,689 (7) (7)Common Stock1,689$06,756D
Restricted Stock Unit(4)10/30/2026M52,242 (4)10/30/2026Common Stock52,242$00D
Restricted Stock Unit(4)10/30/2026A8,730 (8) (8)Common Stock8,730$08,730D
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 1,689 shares of DHI common stock issued upon the vesting of the restricted stock units awarded October 29, 2025.
3. Represents payment or settlement in DHI common stock related to performance bonuses for the period ending September 30, 2026.
4. Each restricted stock unit represents a contingent right to receive one share of DHI common stock upon vesting.
5. These shares were surrendered to issuer to cover tax obligations of the 61,832 shares of DHI common stock referenced in note 3 above.
6. Following all transactions on this Form 4, Mr. Murray owns directly 158,718 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.
7. On October 29, 2025, the reporting person was granted 8,445 restricted stock units, vesting in five annual installments beginning October 29, 2026.
8. The restricted stock units vest in five equal installments beginning October 30, 2027.
/s/ Michael J. Murray11/02/2026
** 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)

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