D.R. Horton COO reports RSU vesting and tax share surrenders
Rhea-AI Filing Summary
D.R. Horton EVP and COO Michael J. Murray reported routine equity compensation activity and related tax withholding. On April 20, 2026, 2,370 restricted stock units vested and converted into the same number of common shares, part of a grant of 11,850 units awarded April 20, 2023 and vesting in five annual installments.
Murray surrendered 933 shares at $153.34 and 4,992 shares at $162.95 to the issuer to cover tax obligations tied to the RSU vesting and a share bonus. He also received a grant of 6,388 common shares with no purchase price as a bonus for the six-month period ended March 31, 2026.
Following these transactions, he owns directly 128,968 D.R. Horton common shares, indirectly beneficially owns 249,825 shares through a limited partnership he and his wife control, and indirectly holds 32,340 shares through a family foundation.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,370 shares exercised/converted
Exercise
7 txns
Insider
Murray Michael J
Role
EVP and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,388 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 4,992 | $162.95 | $813K |
| Exercise | Restricted Stock Unit | 2,370 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,370 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 933 | $153.34 | $143K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 4,740 contracts (Direct);
Common Stock — 128,968 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 (6)
- F1. Each restricted stock unit converts into one share of DHI common stock.
- F2. These shares were surrendered to issuer to cover tax obligations of the 2,370 shares of DHI common stock issued upon the vesting of the restricted stock units awarded April 20, 2023.
- F3. These shares were issued pursuant to Mr. Murray's bonus earned for the six-months ended March 31, 2026.
- F4. These shares were surrendered to issuer to cover tax obligations of Mr. Murray's bonus referenced in note 3 above.
- F5. Following all transactions on this Form 4, Mr. Murray owns directly 128,968 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.
- F6. On April 20, 2023, the reporting person was granted 11,850 restricted stock units, vesting in five annual installments beginning April 20, 2024.
Key Figures
RSU vesting: 2,370 shares
Bonus share grant: 6,388 shares
Tax withholding shares: 5,925 shares
+5 more
8 metrics
RSU vesting
2,370 shares
Restricted stock units converting 1:1 into common stock on April 20, 2026
Bonus share grant
6,388 shares
Shares issued as bonus for six-months ended March 31, 2026
Tax withholding shares
5,925 shares
Shares surrendered at $153.34 and $162.95 to cover tax obligations
Direct holdings after transactions
128,968 shares
Direct D.R. Horton common stock owned following all reported transactions
Indirect LP holdings
249,825 shares
Indirect beneficial ownership via limited partnership controlled by Murray and his wife
Indirect foundation holdings
32,340 shares
Indirect holdings through a family foundation controlled by Murray and relatives
Tax surrender price 1
$153.34/share
Price for 933 shares surrendered to cover tax obligations
Tax surrender price 2
$162.95/share
Price for 4,992 shares surrendered to cover tax obligations
Key Terms
restricted stock unit, tax obligations, indirectly beneficially owns, limited partnership, +2 more
6 terms
restricted stock unit financial
"On April 20, 2023, the reporting person was granted 11,850 restricted stock units, vesting in five annual installments"
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.
tax obligations financial
"These shares were surrendered to issuer to cover tax obligations of the 2,370 shares of DHI common stock issued"
indirectly beneficially owns financial
"indirectly beneficially owns 249,825 shares of DHI common stock"
limited partnership financial
"Held by Limited Partnership controlled by Mr. Murray and his wife."
A limited partnership is a legal business structure with two types of partners: at least one general partner who runs the business and bears full legal responsibility, and one or more limited partners who contribute money, share profits, and have liability capped at their investment. For investors, it matters because it separates control from financial exposure — like putting money into a store without managing it — and affects how returns, risks, taxes and transferability of ownership are handled.
foundation financial
"Held by Foundation controlled by Mr. Murray and members of his immediate family."
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What did D.R. Horton EVP and COO Michael J. Murray report in this Form 4 for DHI?
Murray reported vesting of restricted stock units, a share-based bonus, and related tax-withholding dispositions. These transactions reflect routine equity compensation events rather than open-market trades, updating his direct and indirect ownership in D.R. Horton common stock.
What is Michael J. Murray’s direct ownership in D.R. Horton (DHI) after these transactions?
After the reported transactions, Murray directly owns 128,968 shares of D.R. Horton common stock. This figure reflects his position following the RSU vesting, bonus share issuance, and share surrenders for tax obligations described in the filing’s footnotes.
What indirect D.R. Horton (DHI) holdings are associated with Michael J. Murray?
He indirectly beneficially owns 249,825 D.R. Horton shares through a limited partnership controlled by him and his wife, and indirectly holds 32,340 shares through a family foundation, expanding his economic interest beyond directly registered holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
