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.
D.R. Horton (DHI) EVP and COO Michael J. Murray reported an RSU vesting on 11/08/2025, converting 2,094 restricted stock units into common stock. To cover withholding taxes from this vesting, 824 shares were surrendered at $144.77 per share.
After these transactions, he owns directly 128,727 DHI shares, and holds indirect beneficial ownership of 249,825 shares through a limited partnership and 32,340 shares through a family foundation. He also reports 6,282 RSUs remaining. The RSUs were part of a 10,470-unit grant made on 11/08/2023, vesting in five annual installments beginning 11/08/2024.
D.R. Horton (DHI) reported an insider equity update. President & CEO and Director Paul J. Romanowski acquired 2,094 shares of common stock on November 8, 2025 upon the vesting of restricted stock units (Code M).
To cover taxes, 824 shares were surrendered to the issuer at $144.77 per share (Code F). After these transactions, he directly beneficially owned 196,024 common shares. The vested shares relate to an award of 10,470 RSUs granted on November 8, 2023, vesting in five annual installments beginning November 8, 2024; 6,282 RSUs remained beneficially owned.
D.R. Horton (DHI) Executive Chairman and Director David V. Auld reported an equity award vesting and related tax share surrender. On 11/08/2025, 6,978 restricted stock units converted into an equal number of common shares, and 2,582 shares were surrendered to the issuer at $144.77 to cover taxes tied to that vesting. Following these transactions, Auld directly beneficially owns 938,122 DHI common shares. The RSUs stem from a 11/08/2023 grant that vests in three annual installments; each RSU converts into one share.
D.R. Horton (DHI) reported an insider equity award on a Form 4. An officer (SVP, Controller and PAO) acquired 2,320 restricted stock units (RSUs) on 10/29/2025 under transaction code A at a stated price of $0.
Each RSU represents a right to receive one share of common stock upon vesting. The RSUs vest in five equal annual installments beginning October 29, 2026. Following the transaction, 2,320 derivative securities were beneficially owned, held directly.