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  4. [Form 4] HORTON D R INC /DE/ Insider Trading Activity

D.R. Horton (NYSE: DHI) director converts 224 RSUs into common stock

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

Rhea-AI Filing Summary

Horton D.R. director Benjamin Carson Sr exercised restricted stock units into common shares. On March 30, 2026, 224 restricted stock units converted into 224 shares of DHI common stock at a stated price of $0.00 per share, reflecting a scheduled compensation-related event rather than an open-market trade. Following the transaction, Carson directly holds 9,069 common shares. The restricted stock units were part of a 1,120-unit grant awarded on March 30, 2022, vesting in five equal annual installments beginning March 30, 2023.

Positive

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Insider CARSON BENJAMIN SR
Role Director
Type Security Shares Price Value
Exercise Restricted Stock Unit 224 $0.00 --
Exercise Common Stock 224 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 224 shares (Direct); Common Stock — 9,069 shares (Direct)
Footnotes (1)
  1. Each restricted stock unit converts into one share of DHI common stock. On March 30, 2022, the reporting person was granted 1,120 restricted stock units, vesting in five annual installments beginning March 30, 2023.
RSUs exercised 224 units Restricted Stock Units converted to common stock on March 30, 2026
Shares received 224 shares Common stock from RSU conversion on March 30, 2026
Post-transaction holdings 9,069 shares Common stock directly held after March 30, 2026 transaction
Original RSU grant 1,120 units Granted March 30, 2022, vesting in five annual installments
Exercise price per RSU $0.00 per share Stated price for RSU conversion into DHI common stock
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.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
equity compensation financial
"reflecting a scheduled compensation-related event rather than an open-market trade"
Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.
Form 4 Insider Transactions: What Each Field Means →
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*
CARSON BENJAMIN SR
(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)
03/30/2026		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 Stock03/30/2026M224A(1)9,069D
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)03/30/2026M224 (2) (2)Common Stock224$0224D
Explanation of Responses:
1. Each restricted stock unit converts into one share of DHI common stock.
2. On March 30, 2022, the reporting person was granted 1,120 restricted stock units, vesting in five annual installments beginning March 30, 2023.
/s/ Thomas B. Montano, Attorney-in-Fact03/31/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did DHI director Benjamin Carson Sr report in this Form 4?

Benjamin Carson Sr reported the exercise of 224 restricted stock units into 224 shares of DHI common stock. This reflects a scheduled equity compensation event rather than an open-market purchase or sale of shares.

How many DHI shares does Benjamin Carson Sr hold after this transaction?

After the March 30, 2026 transaction, Benjamin Carson Sr directly holds 9,069 shares of DHI common stock. This number includes the 224 shares received from converting restricted stock units on that date.

Was this DHI Form 4 transaction an open-market buy or sell?

No, the Form 4 shows a derivative exercise, not an open-market trade. Restricted stock units were converted into common stock at a stated price of $0.00 per share as part of previously granted compensation.

What are the terms of the restricted stock unit grant reported by DHI?

The Form 4 footnotes state that 1,120 restricted stock units were granted on March 30, 2022. These units vest in five equal annual installments beginning March 30, 2023, with each vested unit converting into one share of DHI common stock.

How many restricted stock units did Benjamin Carson Sr exercise on March 30, 2026?

He exercised 224 restricted stock units on March 30, 2026. Each unit converted into one share of DHI common stock, resulting in 224 new shares credited to his direct holdings at a stated price of $0.00 per share.