DHI (NYSE: DHI) CFO converts RSUs to stock, surrenders 998 shares for tax

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

HORTON D R INC EVP and CFO Bill W. Wheat exercised restricted stock units into common shares as part of equity compensation. On March 30, 2026, 2,535 restricted stock units converted into 2,535 shares of DHI common stock at a stated price of $0.00 per share. Of these, 998 shares of common stock were surrendered to the issuer at $132.53 per share to cover tax obligations related to the vesting. Following these transactions, Wheat directly holds 334,396 shares of DHI common stock. The vested units relate to a 12,675-unit grant awarded on March 30, 2022 that vests in five annual installments beginning March 30, 2023.

Insider Trade Summary

2,535 shares exercised/converted

Mixed 3 txns

Insider WHEAT BILL W

Role EVP and CFO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	2,535	$0.00	--
Exercise	Common Stock	2,535	$0.00	--
Tax Withholding	Common Stock	998	$132.53	$132K

Holdings After Transaction: Restricted Stock Unit — 2,535 shares (Direct); Common Stock — 335,394 shares (Direct)

Footnotes (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 2,535 shares of DHI common stock issued upon the vesting of the restricted stock units awarded March 30, 2022. On March 30, 2022, the reporting person was granted 12,675 restricted stock units, vesting in five annual installments beginning March 30, 2023.

Key Figures

RSUs converted: 2,535 units/shares Tax-withholding shares: 998 shares at $132.53 Shares held after transaction: 334,396 shares +2 more

5 metrics

RSUs converted 2,535 units/shares Restricted stock units converting into common stock on March 30, 2026

Tax-withholding shares 998 shares at $132.53 Shares surrendered to issuer to cover tax obligations

Shares held after transaction 334,396 shares Direct common stock holdings after March 30, 2026 transactions

Original RSU grant 12,675 units Restricted stock units granted March 30, 2022, vesting over five years

Exercise price for RSUs $0.00 per unit Restricted stock unit conversion price into common stock

Key Terms

Restricted Stock Unit, tax obligations, vesting, annual installments

4 terms

Restricted Stock Unit financial

"Each restricted stock unit converts into one share of DHI common stock."

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 2,535 shares..."

vesting financial

"2,535 shares of DHI common stock issued upon the vesting of the restricted stock units..."

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.

annual installments financial

"The reporting person was granted 12,675 restricted stock units, vesting in five annual installments..."

Form 4 Insider Transactions: What Each Field Means →

03/31/2026 - 05:51 PM

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^*

WHEAT BILL W

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP and CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/30/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/30/2026		M		2,535	A	⁽¹⁾	335,394	D
Common Stock	03/30/2026		F⁽²⁾		998	D	$132.53	334,396	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	⁽¹⁾	03/30/2026		M			2,535	⁽³⁾	⁽³⁾	Common Stock	2,535	$0	2,535	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 2,535 shares of DHI common stock issued upon the vesting of the restricted stock units awarded March 30, 2022.

3. On March 30, 2022, the reporting person was granted 12,675 restricted stock units, vesting in five annual installments beginning March 30, 2023.

	/s/ Bill W. Wheat	03/31/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did DHI EVP and CFO Bill Wheat report on this Form 4?

Bill W. Wheat reported the vesting and exercise of 2,535 restricted stock units into 2,535 shares of DHI common stock. This is a compensation-related equity event rather than an open-market purchase or sale, reflecting scheduled vesting of prior stock awards.

How many DHI shares did the CFO surrender for taxes in this Form 4 filing?

The filing shows that 998 shares of DHI common stock were surrendered to the issuer at $132.53 per share. These shares covered tax obligations arising from the vesting of 2,535 shares issued upon conversion of previously granted restricted stock units.

How many DHI shares does CFO Bill Wheat hold after these reported transactions?

After the reported equity compensation and tax-withholding disposition, Bill W. Wheat directly holds 334,396 shares of DHI common stock. This total reflects his position following both the restricted stock unit conversion and the surrender of shares to satisfy tax obligations.

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

The footnotes state Wheat was granted 12,675 restricted stock units on March 30, 2022. These units vest in five equal annual installments beginning March 30, 2023, creating a multi-year schedule of potential future share deliveries as each tranche vests.

Were any open-market purchases or sales of DHI stock reported by the CFO in this Form 4?

The transactions consist of a derivative exercise and a tax-withholding share surrender, with no open-market purchases or sales reported. The activity reflects routine vesting and associated tax settlement for restricted stock units granted as part of executive compensation.