Horton DR (DHI) director converts 203 restricted stock units into common shares
Rhea-AI Filing Summary
HORTON D R INC director Bradley S. Anderson exercised restricted stock units that converted into common stock. On this date, 203 restricted stock units were exchanged for 203 shares of common stock at a conversion price of $0.00 per unit. Following the transaction, Anderson directly holds 36,319 shares of common stock, and no shares were sold as part of this filing. The restricted stock units were part of a prior grant of 1,015 units that vest in five annual installments beginning March 17, 2022.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting converts 203 units into common shares with no sale.
Director Bradley S. Anderson exercised 203 restricted stock units, receiving 203 shares of HORTON D R INC common stock at a conversion price of $0.00. This reflects scheduled equity compensation rather than a market purchase or sale.
The filing shows 36,319 common shares held directly after the transaction, indicating that all newly delivered shares were retained. The derivativeSummary is empty, suggesting no remaining RSUs or similar derivatives are reported in this filing.
The footnotes explain these units came from a grant of 1,015 restricted stock units awarded on March 17, 2021, vesting annually over five years beginning March 17, 2022. Future filings may show additional vesting from this grant as installments continue.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 203 | $0.00 | -- |
| Exercise | Common Stock | 203 | $0.00 | -- |
Footnotes (1)
- Each restricted stock unit converts into one share of DHI common stock. On March 17, 2021, the reporting person was granted 1,015 restricted stock units, vesting in five annual installments beginning March 17, 2022.