D.R. Horton CEO logs 84,599-share settlement; 38,297 tax sale

Rhea-AI Filing Summary

D.R. Horton (DHI) President and CEO Paul J. Romanowski reported equity-compensation transactions on 10/29/2025. He acquired 71,875 shares upon settlement of performance awards and received 12,724 shares, both at $0. He disposed of 38,297 shares at $151.06 to cover taxes related to 84,599 shares. After these moves, he directly owned 194,754 shares. He was also granted 8,445 RSUs that vest in five equal annual installments beginning October 29, 2026.

Insider Trade Summary

71,875 shares exercised/converted

Exercise 5 txns

Insider Romanowski Paul J

Role President and CEO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	71,875	$0.00	$0.00
Grant/Award	Restricted Stock Unit	8,445	$0.00	$0.00
Exercise	Common Stock	71,875	$0.00	$0.00
Grant/Award	Common Stock	12,724	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	38,297	$151.06	$5.79M

Holdings After Transaction: Restricted Stock Unit — 8,445 contracts (Direct); Common Stock — 194,754 shares (Direct)

Footnotes (4)

1. F1. Represents payment or settlement in DHI common stock related to performance bonuses for the period ending September 30, 2025.
2. F2. Each restricted stock unit represents a contingent right to receive one share of DHI common stock upon vesting.
3. F3. These shares were surrendered to issuer to cover tax obligations of the 84,599 shares of DHI common stock referenced in note 1 above.
4. F4. The restricted stock units vest in five equal annual installments beginning October 29, 2026.

FAQ

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

What did DHI’s CEO report on Form 4?

Paul J. Romanowski reported equity-compensation activity, including 71,875 shares settled and 12,724 shares received at $0, plus a tax sale of 38,297 shares.

When did the DHI insider transactions occur?

All reported transactions occurred on 10/29/2025.

How many DHI shares does the CEO own after the transactions?

He directly owned 194,754 shares following the reported transactions.

What price were shares sold to cover taxes?

Shares were sold at $151.06 to satisfy tax obligations tied to 84,599 shares.

What derivative awards were involved and how do they vest?

He was granted 8,445 RSUs, vesting in five equal annual installments beginning October 29, 2026.

What do the transaction codes mean in this filing?

M indicates settlement of derivative securities into common stock; A indicates shares acquired; F indicates shares disposed to cover taxes.

What is the executive’s role and relationship to DHI?

He is a Director and serves as President and CEO of D.R. Horton.

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 10/31/2025 - 02:10 PM EDT 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^*

Romanowski Paul J

(Last) (First) (Middle)

1341 HORTON CIRCLE

(Street)

ARLINGTON TX 76011

(City) (State) (Zip)

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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
10/29/2025

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

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

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

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	10/29/2025		M		71,875(1)	A	$0(2)	220,327	D
Common Stock	10/29/2025		A		12,724(1)	A	$0	233,051	D
Common Stock	10/29/2025		F		38,297(3)	D	$151.06	194,754	D

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	(2)	10/29/2025		M			71,875	(2)	10/29/2025	Common Stock	71,875	$0	0	D
Restricted Stock Unit	(2)	10/29/2025		A		8,445		(4)	(4)	Common Stock	8,445	$0	8,445	D

Explanation of Responses:

1. Represents payment or settlement in DHI common stock related to performance bonuses for the period ending September 30, 2025.

2. Each restricted stock unit represents a contingent right to receive one share of DHI common stock upon vesting.

3. These shares were surrendered to issuer to cover tax obligations of the 84,599 shares of DHI common stock referenced in note 1 above.

4. The restricted stock units vest in five equal annual installments beginning October 29, 2026.

	/s/ Paul J. Romanowski	10/31/2025
	** 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.