D.R. Horton director gets 264 shares vested
HORTON D R INC (DHI) director Barbara Smith reported the exercise of 264 restricted stock units, which converted into an equal number of shares of common stock on August 26, 2026.
Rhea-AI Filing Summary
HORTON D R INC (DHI) director Barbara Smith reported the exercise of 264 restricted stock units, which converted into an equal number of shares of common stock on August 26, 2026. The derivative position decreased to 792 restricted stock units, and her directly held common stock increased to 817 shares. The filing indicates these transactions were not made under a Rule 10b5-1 trading plan. A prior grant of 1,320 restricted stock units vests in five annual installments beginning August 26, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
264 shares exercised/converted
Exercise
2 txns
Insider
Smith Barbara
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1, F2 | 264 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 264 | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 792 contracts (Direct);
Common Stock — 817 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit converts into one share of DHI common stock.
- F2. On August 26, 2024, the reporting person was granted 1,320 restricted stock units, vesting in five annual installments beginning August 26, 2025.
Key Figures
Restricted stock units converted: 264 restricted stock units
Common stock holdings after transaction: 817 shares
Restricted stock units remaining: 792 restricted stock units
+1 more
4 metrics
Restricted stock units converted
264 restricted stock units
Exercised and converted into common stock on August 26, 2026
Common stock holdings after transaction
817 shares
Directly held by Barbara Smith after the August 26, 2026 transactions
Restricted stock units remaining
792 restricted stock units
Derivative holdings following the conversion on August 26, 2026
Prior restricted stock unit grant
1,320 restricted stock units
Granted on August 26, 2024, vesting in five annual installments beginning August 26, 2025
Key Terms
Restricted Stock Unit, derivative security, Rule 10b5-1
3 terms
Restricted Stock Unit financial
"security_title: "Restricted Stock Unit""
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.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Rule 10b5-1 regulatory
"aff_10b5_one indicates the Rule 10b5-1 checkbox status"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What did DHI director Barbara Smith report in this Form 4?
Barbara Smith reported exercising 264 restricted stock units, which converted into 264 shares of D.R. Horton common stock on August 26, 2026, increasing her directly held common stock to 817 shares and leaving 792 restricted stock units outstanding.
How many DHI restricted stock units did Barbara Smith convert and when?
She converted 264 restricted stock units into common stock on August 26, 2026. Each unit converted into one share of D.R. Horton common stock, as disclosed in the footnotes.
What are Barbara Smith’s reported DHI holdings after these transactions?
After the reported transactions, Barbara Smith directly held 817 shares of D.R. Horton common stock and 792 restricted stock units, according to the Form 4 data.
Were Barbara Smith’s DHI transactions under a Rule 10b5-1 plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox was not marked, so the transactions were reported as not pursuant to a Rule 10b5-1 trading plan.
What prior equity grant to Barbara Smith does DHI disclose in this filing?
D.R. Horton discloses that on August 26, 2024, Barbara Smith was granted 1,320 restricted stock units, vesting in five annual installments beginning August 26, 2025.
AI-generated analysis. How Rhea-AI works. Not financial advice.
