STOCK TITAN

D.R. Horton (DHI) director adds 139 shares as RSUs convert to stock

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

Rhea-AI Filing Summary

D.R. Horton director Bradley S. Anderson reported an automatic equity compensation event. On April 20, 2026, 139 restricted stock units converted into 139 shares of common stock, increasing his direct common stock holdings to 36,775 shares. These RSUs are part of a 695-unit award granted on April 20, 2023 that vests in five annual installments beginning April 20, 2024, so additional shares may be delivered in future years as vesting continues. Following this transaction, he also continues to hold 278 restricted stock units directly.

Positive

  • None.

Negative

  • None.
Insider ANDERSON BRADLEY S
Role null
Type Security Shares Price Value
Exercise Restricted Stock Unit 139 $0.00 --
Exercise Common Stock 139 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 278 shares (Direct, null); Common Stock — 36,775 shares (Direct, null)
Footnotes (1)
  1. Each restricted stock unit converts into one share of DHI common stock. On April 20, 2023, the reporting person was granted 695 restricted stock units, vesting in five annual installments beginning April 20, 2024.
RSUs converted 139 units Converted into 139 shares of common stock on April 20, 2026
Common stock held after transaction 36,775 shares Direct holdings after RSU conversion
RSUs remaining 278 units Direct restricted stock unit holdings after April 20, 2026
Original RSU grant size 695 units Granted on April 20, 2023
RSU vesting schedule Five annual installments Beginning April 20, 2024 for the 695-unit award
Exercise transactions 2 entries One derivative RSU entry and one corresponding common stock entry
Restricted Stock Unit financial
"The security title “Restricted Stock Unit” appears for the derivative transaction."
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
"The code description reads “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.
vesting financial
"The award vests in five annual installments beginning April 20, 2024."
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.
Common Stock financial
"Each restricted stock unit converts into one share of DHI common stock."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
SEC Form 4
FORM 4UNITED 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*
ANDERSON BRADLEY S

(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/20/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock04/20/2026M139A(1)36,775D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1)04/20/2026M139 (2) (2)Common Stock139$0278D
Explanation of Responses:
1. Each restricted stock unit converts into one share of DHI common stock.
2. On April 20, 2023, the reporting person was granted 695 restricted stock units, vesting in five annual installments beginning April 20, 2024.
/s/ Thomas B. Montano, Attorney-in-Fact04/22/2026
** Signature of Reporting PersonDate
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)

FAQ

What insider transaction did D.R. Horton (DHI) director Bradley Anderson report?

Bradley S. Anderson reported an automatic equity compensation event where 139 restricted stock units converted into 139 shares of D.R. Horton common stock. This reflects vesting of a prior award rather than an open-market stock purchase or sale.

How many D.R. Horton (DHI) shares does Bradley Anderson hold after this Form 4?

After the RSU conversion, Bradley S. Anderson directly holds 36,775 shares of D.R. Horton common stock. This figure comes from the post-transaction ownership reported in the filing and shows his ongoing equity stake as a company director.

What is the size and vesting schedule of Bradley Anderson’s D.R. Horton RSU grant?

On April 20, 2023, Bradley S. Anderson was granted 695 restricted stock units that vest in five equal annual installments beginning April 20, 2024. Each vested unit converts into one share of D.R. Horton common stock, delivering stock over several years.

How many restricted stock units does Bradley Anderson still hold in D.R. Horton (DHI)?

Following the April 20, 2026 conversion of 139 units, Bradley S. Anderson continues to hold 278 restricted stock units. Each remaining unit is scheduled to convert into one share of D.R. Horton common stock as the award’s vesting schedule progresses.

Does Bradley Anderson’s Form 4 show any open-market buying or selling of D.R. Horton shares?

The Form 4 shows derivative exercises coded as “M,” meaning restricted stock units converting into common shares. It does not report any open-market purchases or sales; the activity reflects equity compensation vesting rather than discretionary trading.