D.R. Horton CEO exercises 3,820 RSUs, covers taxes

Rhea-AI Filing Summary

D.R. Horton President and CEO Paul J. Romanowski reported routine equity compensation activity. He exercised 3,820 restricted stock units, which converted into the same number of DHI common shares at a stated price of $0.0000 per share. As part of this vesting event, 1,504 shares of common stock were surrendered at $138.82 per share to cover tax obligations, rather than being sold on the open market. After these transactions, he directly owned 196,977 shares of D.R. Horton common stock. The vested units relate to a 19,098-unit grant awarded on March 23, 2022, scheduled to vest in five annual installments beginning in 2023.

Insider Trade Summary

3,820 shares exercised/converted

Exercise 3 txns

Insider Romanowski Paul J

Role President and CEO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	3,820	$0.00	$0.00
Exercise	Common Stock	3,820	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	1,504	$138.82	$209K

Holdings After Transaction: Restricted Stock Unit — 3,819 contracts (Direct); Common Stock — 196,977 shares (Direct)

Footnotes (3)

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 3,820 shares of DHI common stock issued upon the vesting of the restricted stock units awarded March 23, 2022.
3. F3. On March 23, 2022, the reporting person was granted 19,098 restricted stock units, vesting in five annual installments beginning March 23, 2023.

FAQ

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

What did D.R. Horton (DHI) CEO Paul Romanowski report in this Form 4?

He reported a routine equity compensation event where 3,820 restricted stock units converted into D.R. Horton common shares. A portion of these shares was then surrendered to cover related tax obligations, reflecting standard handling of vesting rather than open-market buying or selling.

How many D.R. Horton shares did the CEO receive from vested RSUs?

He received 3,820 shares of D.R. Horton common stock upon vesting of restricted stock units. Each unit converted into one share, consistent with the grant terms, representing one installment of a larger multi-year award granted in March 2022.

How many D.R. Horton shares were used to cover taxes in this filing?

A total of 1,504 shares of D.R. Horton common stock were surrendered to the issuer at $138.82 per share. This F-code transaction covered tax obligations tied to the vesting of 3,820 restricted stock units and was not an open-market sale.

What are Paul Romanowski’s direct D.R. Horton holdings after these transactions?

Following the vesting and tax-withholding disposition, Paul Romanowski directly owned 196,977 shares of D.R. Horton common stock. This figure reflects his updated position after receiving 3,820 shares from RSU conversion and surrendering 1,504 shares to satisfy associated tax liabilities.

What was the original restricted stock unit grant mentioned in this DHI Form 4?

The filing notes a grant of 19,098 restricted stock units awarded on March 23, 2022. These units are scheduled to vest in five annual installments beginning on March 23, 2023, with the current 3,820-unit vesting representing one installment.

Does this D.R. Horton Form 4 reflect open-market buying or selling by the CEO?

No, the transactions reflect RSU vesting and tax withholding, not open-market trades. Shares were acquired through conversion of restricted stock units and a portion was surrendered back to the issuer solely to cover tax obligations linked to the vesting event.

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

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Accepted by SEC EDGAR 03/24/2026 - 04:44 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 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/23/2026

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	03/23/2026		M		3,820	A	(1)	198,481	D
Common Stock	03/23/2026		F(2)		1,504	D	$138.82	196,977	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	(1)	03/23/2026		M			3,820	(3)	(3)	Common Stock	3,820	$0	3,819	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 3,820 shares of DHI common stock issued upon the vesting of the restricted stock units awarded March 23, 2022.

3. On March 23, 2022, the reporting person was granted 19,098 restricted stock units, vesting in five annual installments beginning March 23, 2023.

	/s/ Paul J. Romanowski	03/24/2026
	** 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)