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D.R. Horton CEO Form 4 shows RSU vesting and tax share sale

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

Rhea-AI Filing Summary

D.R. Horton (DHI) reported an insider equity transaction by its President and CEO, who is also a director. On 11/20/2025, 1,564 restricted stock units converted into the same number of shares of common stock. In a related move, 616 shares of common stock were surrendered to the company at $137.32 per share to cover tax obligations from this vesting.

After these transactions, the reporting person directly beneficially owned 196,972 shares of D.R. Horton common stock and held 6,256 restricted stock units. The restricted stock units resulted from a 7,820-unit grant made on November 20, 2024, scheduled to vest in five annual installments beginning November 20, 2025.

Positive

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Negative

  • None.
Insider Romanowski Paul J
Role President and CEO
Type Security Shares Price Value
Exercise Restricted Stock Unit 1,564 $0.00 --
Exercise Common Stock 1,564 $0.00 --
Tax Withholding Common Stock 616 $137.32 $85K
Holdings After Transaction: Restricted Stock Unit — 6,256 shares (Direct); Common Stock — 197,588 shares (Direct)
Footnotes (1)
  1. Each restricted stock unit converts into one share of DHI common stock. These shares were surrendered to issuer to cover tax obligations of the 1,564 shares of DHI common stock issued upon the vesting of the restricted stock units awarded November 20, 2024. On November 20, 2024, the reporting person was granted 7,820 restricted stock units, vesting in five annual installments beginning November 20, 2025.
Form 4 Insider Transactions: What Each Field Means →
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)
11/20/2025
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 11/20/2025 M 1,564 A (1) 197,588 D
Common Stock 11/20/2025 F(2) 616 D $137.32 196,972 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) 11/20/2025 M 1,564 (3) (3) Common Stock 1,564 $0 6,256 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 1,564 shares of DHI common stock issued upon the vesting of the restricted stock units awarded November 20, 2024.
3. On November 20, 2024, the reporting person was granted 7,820 restricted stock units, vesting in five annual installments beginning November 20, 2025.
/s/ Paul J. Romanowski 11/21/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did D.R. Horton (DHI) report in this Form 4?

The Form 4 reports that the President and CEO of D.R. Horton, who is also a director, had 1,564 restricted stock units convert into the same number of shares of common stock on 11/20/2025.

How many D.R. Horton (DHI) shares were surrendered for taxes in this filing?

The filing states that 616 shares of D.R. Horton common stock were surrendered to the issuer at $137.32 per share to cover tax obligations arising from the vesting of 1,564 shares.

How many D.R. Horton (DHI) shares does the insider own after the reported transactions?

Following the reported transactions, the insider directly beneficially owned 196,972 shares of D.R. Horton common stock.

How many restricted stock units (RSUs) does the D.R. Horton (DHI) insider still hold?

After the conversion of 1,564 restricted stock units, the insider held 6,256 restricted stock units of D.R. Horton, as shown in the derivative securities table.

What was the original D.R. Horton (DHI) RSU grant described in this Form 4?

The explanation notes that on November 20, 2024, the reporting person was granted 7,820 restricted stock units, vesting in five annual installments beginning November 20, 2025.

Who is the reporting person in this D.R. Horton (DHI) Form 4?

The signature block shows the form was signed by /s/ Paul J. Romanowski, identified on the form as President and CEO and a director of D.R. Horton.