D.R. Horton (NYSE: DHI) director converts restricted stock units into common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Horton D.R. Inc. director Maribess L. Miller exercised restricted stock units that converted into 93 shares of common stock. These RSUs were part of a 465-unit grant awarded on March 21, 2024, vesting in five annual installments beginning March 21, 2025. Following the transaction, Miller directly holds 21,929 shares of common stock and 279 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
93 shares exercised/converted
Mixed
2 txns
Insider
Miller Maribess L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 93 | $0.00 | -- |
| Exercise | Common Stock | 93 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 279 shares (Direct);
Common Stock — 21,929 shares (Direct)
Footnotes (1)
- Each restricted stock unit converts into one share of DHI common stock. On March 21, 2024, the reporting person was granted 465 restricted stock units, vesting in five annual installments beginning March 21, 2025.
FAQ
What insider transaction did D.R. Horton (DHI) director Maribess L. Miller report?
Director Maribess L. Miller reported exercising restricted stock units into 93 shares of D.R. Horton common stock. The RSUs converted on a one-for-one basis, increasing her direct share ownership while reducing her outstanding restricted stock unit balance.
What was the size and structure of Maribess L. Miller’s D.R. Horton restricted stock grant?
On March 21, 2024, Maribess L. Miller was granted 465 restricted stock units of D.R. Horton. This award vests in five equal annual installments beginning March 21, 2025, with each vested unit converting into one share of D.R. Horton common stock.
What does the M transaction code mean in the D.R. Horton (DHI) Form 4 filing?
The M transaction code in the Form 4 indicates an exercise or conversion of a derivative security. In this case, it reflects restricted stock units converting into D.R. Horton common shares, rather than an open-market purchase or sale of the company’s stock.
Did Maribess L. Miller buy or sell D.R. Horton (DHI) stock on the open market?
The filing shows no open-market buys or sells; instead, it reports a derivative exercise. Restricted stock units converted into 93 D.R. Horton common shares at a stated price of $0.00, consistent with equity compensation vesting rather than market trading activity.
How many restricted stock units remain after the reported D.R. Horton (DHI) transaction?
After 93 restricted stock units converted into common shares, 279 restricted stock units remain credited to Maribess L. Miller. These remaining units are part of the original 465-unit grant and are scheduled to vest in future annual installments under the grant terms.