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D.R. Horton, Inc. (DHI) reported an insider equity transaction by one of its directors. On 11/20/2025, the director acquired 289 shares of DHI common stock through the conversion of restricted stock units, recorded as an "M" transaction code. Following this transaction, the director beneficially owns 8,752 shares of DHI common stock directly.
The filing also shows derivative holdings in the form of restricted stock units. After the reported activity, the director holds 1,156 restricted stock units, each convertible into one share of DHI common stock. These RSUs relate to a grant of 1,445 units awarded on November 20, 2024, which vest in five annual installments beginning November 20, 2025.
D.R. Horton, Inc. (DHI) director Michael R. Buchanan reported an equity transaction involving company stock. On 11/20/2025, 289 restricted stock units were converted into 289 shares of DHI common stock at an exercise price of $0, reported with transaction code "M".
After these transactions, Mr. Buchanan directly owns 1,482 shares of DHI common stock and indirectly holds 8,136 shares through his wife. The filing also notes that he had previously been granted 1,445 restricted stock units on November 20, 2024, scheduled to vest in five annual installments beginning November 20, 2025.
D.R. Horton director reports share acquisition from RSU conversion
A director of D.R. Horton, Inc. (DHI) reported a routine equity transaction. On 11/20/2025, 289 restricted stock units were converted into 289 shares of DHI common stock, coded as an "M" transaction, meaning a derivative security was exercised. After this transaction, the director beneficially owned 36,116 shares of common stock in direct form.
The filing also notes that these restricted stock units come from a prior equity award. On November 20, 2024, the reporting person received a grant of 1,445 restricted stock units scheduled to vest in five annual installments beginning November 20, 2025. Following the reported transaction, 1,156 restricted stock units remain beneficially owned directly.
D.R. Horton, Inc. (DHI) reported an equity transaction by its SVP, Controller and Principal Accounting Officer. On November 20, 2025, the officer exercised 430 restricted stock units, which converted one-for-one into shares of D.R. Horton common stock. To cover related tax obligations, 170 shares of common stock were surrendered to the company at a price of $137.32 per share.
After these transactions, the officer directly owned 6,717 shares of D.R. Horton common stock and 1,720 restricted stock units. These RSUs relate to a prior grant of 2,150 units awarded on November 20, 2024, scheduled to vest in five annual installments beginning November 20, 2025.
D.R. Horton executive vice president and chief financial officer reported routine equity compensation activity involving restricted stock units. On November 20, 2025, 1,411 restricted stock units converted into the same number of shares of DHI common stock. On the same date, 556 of these shares were surrendered to the company at $137.32 per share to cover related tax obligations. After these transactions, the reporting person directly beneficially owned 331,535 shares of common stock and 5,644 restricted stock units. The filing notes that the original grant of 7,055 restricted stock units was made on November 20, 2024 and vests in five annual installments beginning November 20, 2025.
D.R. Horton executive vice president and COO Michael J. Murray reported equity award activity involving company common stock. On 11/20/2025, 1,564 restricted stock units converted into the same number of DHI common shares. Of these, 616 shares were surrendered at $137.32 per share to cover tax obligations related to the vesting.
After these transactions, Murray directly owns 129,675 shares of DHI common stock, indirectly beneficially owns 249,825 shares through a limited partnership controlled by him and his wife, and indirectly holds 32,340 shares through a family foundation. He also continues to hold 6,256 restricted stock units from a grant of 7,820 units awarded on November 20, 2024, scheduled to vest in five annual installments beginning November 20, 2025.
D.R. Horton (DHI) reported an insider equity transaction by its President and CEO, who is also a director. On 11/20/2025, 1,564 restricted stock units converted into the same number of shares of common stock. In a related move, 616 shares of common stock were surrendered to the company at $137.32 per share to cover tax obligations from this vesting.
After these transactions, the reporting person directly beneficially owned 196,972 shares of D.R. Horton common stock and held 6,256 restricted stock units. The restricted stock units resulted from a 7,820-unit grant made on November 20, 2024, scheduled to vest in five annual installments beginning November 20, 2025.
D.R. Horton Executive Chairman David V. Auld, who is also a director, reported equity transactions in company stock. On 11/20/2025, 12,261 restricted stock units converted into an equal number of DHI common shares. On the same date, 4,537 of those shares were surrendered back to the company at $137.32 per share to cover tax obligations tied to this vesting.
After these transactions, Auld beneficially owned 945,846 shares of D.R. Horton common stock directly, reflecting his ongoing equity stake. The filing also notes that these vested units were part of a 36,785-unit restricted stock award granted on November 20, 2024, scheduled to vest in three annual installments beginning November 20, 2025. Following the vesting and related activity, 23,151 restricted stock units remained beneficially owned.
D.R. Horton, Inc. (DHI) files its 2025 Form 10-K as the largest U.S. homebuilder by closings, operating in 126 markets across 36 states. Homebuilding is the core business, generating 92% of consolidated revenues of $34.3 billion in fiscal 2025, compared with $36.8 billion in 2024 and $35.5 billion in 2023.
For the year ended September 30, 2025, the company closed 84,863 homes at an average price of $370,400, mainly single-family detached products aimed at entry-level and move-up buyers. Rental operations sold 3,460 single-family rental homes and 2,947 multi-family units.
D.R. Horton owns about 62% of Forestar Group, which sold 14,240 lots in 2025, 83% to D.R. Horton, supporting its land pipeline. Backlog at September 30, 2025 was $4.1 billion (10,785 homes) versus $4.8 billion (12,180 homes) a year earlier. The company employed 14,341 people and highlights its decentralized operating model, significant credit facilities and detailed risk factors tied to housing cycles, interest rates and capital markets.
D.R. Horton (DHI) EVP and CFO Bill W. Wheat reported routine equity activity on 11/08/2025. He acquired 1,888 shares of common stock via the vesting and conversion of restricted stock units (transaction code M), then surrendered 743 shares at $144.77 (code F) to cover related taxes.
Following these transactions, he directly owned 330,680 common shares. The vest arose from a 11/08/2023 grant of 9,440 RSUs that vest in five annual installments starting 11/08/2024. After the conversion, 5,664 RSUs remained outstanding.