What does the Form 4 reveal about Bill Wheat’s bonus-related DHI stock grant?

The filing notes that certain shares were issued as part of Bill Wheat’s bonus for the six months ended March 31, 2026. Additional shares were then surrendered to D.R. Horton specifically to cover tax obligations associated with that bonus equity award.

D.R. Horton (NYSE: DHI) CFO reports RSU vesting, bonus shares and tax withholding

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

D.R. Horton EVP and CFO Bill W. Wheat reported routine equity compensation activity and related tax-withholding transactions in company stock. On April 20, 2026, 1,580 restricted stock units converted into the same number of common shares, and some of these shares were surrendered to the issuer to cover tax obligations.

Also on that date, additional shares were surrendered to cover taxes on Mr. Wheat’s bonus for the six months ended March 31, 2026. On April 22, 2026, he received a grant of 5,110 common shares as part of that bonus and surrendered further shares for tax withholding. After these transactions, Mr. Wheat directly owned 336,544 shares of D.R. Horton common stock. The filing does not show any open-market purchases or sales; dispositions reflect shares withheld or surrendered for tax liabilities.

Insider Trade Summary

Net Buyer: 2,148 shares

Net Buy 5 txns

Insider WHEAT BILL W

Role EVP and CFO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	5,110	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	3,920	$162.95	$639K
Exercise	Restricted Stock Unit	1,580	$0.00	$0.00
Exercise	Common Stock	1,580	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	622	$153.34	$95K

Holdings After Transaction: Restricted Stock Unit — 3,160 shares (Direct); Common Stock — 336,544 shares (Direct)

Footnotes (5)

F1. Each restricted stock unit converts into one share of DHI common stock.
F2. These shares were surrendered to issuer to cover tax obligations of the 1,580 shares of DHI common stock issued upon the vesting of the restricted stock units awarded April 20, 2023.
F3. These shares were issued pursuant to Mr. Wheat's bonus earned for the six-months ended March 31, 2026.
F4. These shares were surrendered to issuer to cover tax obligations of Mr. Wheat's bonus referenced in note 3 above.
F5. On April 20, 2023, the reporting person was granted 7,900 restricted stock units, vesting in five annual installments beginning April 20, 2024.

Key Figures

RSUs converted: 1,580 units Tax-withholding at $162.95: 3,920 shares Tax-withholding at $153.34: 622 shares +2 more

5 metrics

RSUs converted 1,580 units Restricted stock units converting into D.R. Horton common stock

Tax-withholding at $162.95 3,920 shares Shares surrendered on April 22, 2026 at $162.95

Tax-withholding at $153.34 622 shares Shares surrendered on April 20, 2026 at $153.34

Bonus-related stock grant 5,110 shares Common shares issued as bonus for six months ended March 31, 2026

Direct holdings after transactions 340,464 shares D.R. Horton common stock directly owned by Bill Wheat after April 2026 transactions

Key Terms

Restricted Stock Unit, tax obligations, Exercise or conversion of derivative security, Grant, award, or other acquisition, +1 more

5 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 1,580 shares of DHI common stock issued upon the vesting of the restricted stock units"

Exercise or conversion of derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

bonus financial

"These shares were issued pursuant to Mr. Wheat's bonus earned for the six-months ended March 31, 2026."

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

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 04/22/2026 - 04:08 PM

FAQ

What insider transactions did D.R. Horton (DHI) CFO Bill Wheat report?

Bill Wheat reported equity compensation activity and related tax-withholding dispositions. Restricted stock units vested into common shares, he received bonus-related stock, and some shares were surrendered back to D.R. Horton to cover tax obligations rather than being sold on the open market.

Did D.R. Horton CFO Bill Wheat buy or sell DHI shares in the open market?

The filing does not show any open-market purchases or sales by Bill Wheat. Reported dispositions are coded as tax-withholding, meaning shares were surrendered to D.R. Horton to pay taxes tied to vesting RSUs and bonus stock, not traded with public investors.

How many D.R. Horton shares does CFO Bill Wheat own after these Form 4 transactions?

After the reported transactions, Bill Wheat directly owns 340,464 shares of D.R. Horton common stock. This figure reflects the net result of RSU vesting, bonus share grants, and shares surrendered to the issuer for tax obligations during April 2026.

What was the RSU activity for D.R. Horton CFO Bill Wheat in this Form 4?

1,580 restricted stock units converted into an equal number of D.R. Horton common shares. A footnote explains these RSUs derive from a 7,900-unit grant awarded April 20, 2023, scheduled to vest in five annual installments beginning April 20, 2024.

How were taxes handled on Bill Wheat’s D.R. Horton equity compensation and bonus shares?

Shares were surrendered to D.R. Horton to satisfy tax obligations. Footnotes state some shares covered taxes on the 1,580 shares issued upon RSU vesting, while others covered taxes on bonus-related shares earned for the six months ended March 31, 2026.

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)
04/20/2026

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	04/20/2026		M		1,580	A	⁽¹⁾	335,976	D
Common Stock	04/20/2026		F⁽²⁾		622	D	$153.34	335,354	D
Common Stock	04/22/2026		A⁽³⁾		5,110	A	$0	340,464	D
Common Stock	04/22/2026		F⁽⁴⁾		3,920	D	$162.95	336,544	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⁾	04/20/2026		M			1,580	⁽⁵⁾	⁽⁵⁾	Common Stock	1,580	$0	3,160	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 1,580 shares of DHI common stock issued upon the vesting of the restricted stock units awarded April 20, 2023.

3. These shares were issued pursuant to Mr. Wheat's bonus earned for the six-months ended March 31, 2026.

4. These shares were surrendered to issuer to cover tax obligations of Mr. Wheat's bonus referenced in note 3 above.

5. On April 20, 2023, the reporting person was granted 7,900 restricted stock units, vesting in five annual installments beginning April 20, 2024.

	/s/ Bill W. Wheat	04/22/2026
	** 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