D.R. Horton Appoints Carl E. Reichardt, Jr. to Board of Directors

Executive Summary

On October 22, 2026, the Board of Directors of D.R. Horton, Inc. (NYSE: DHI) appointed Carl E. Reichardt, Jr. as an independent director. With Mr. Reichardt's appointment, the size of D.R. Horton's Board expands to nine directors, seven of whom qualify as independent under applicable governance rules.

Appointee Background

• Age: 61
• Recent Experience: Partner at BTIG, LLC from 2024 until his retirement in 2025; Managing Director at BTIG from 2016 to 2023.
• Prior Career:
  • Chief Investment Officer at Hacienda Capital Partners LLC (2012–2016)
  • Director and Managing Director at Wells Fargo Securities (2003–2011)
  • Principal at Banc of America Securities (1993–2003)
• Education: B.A. from Georgetown University; MBA from Stanford University.

Compensation Arrangements

In connection with his appointment to the Board, Mr. Reichardt will receive:

1. Annual Cash Fees: $80,000 per year, payable in quarterly installments of $20,000.
2. Annual Equity Compensation: An annual restricted stock unit (RSU) award with a grant date fair value of $235,000, vesting on the first anniversary of the grant date.
3. One-Time Inducement Award: A new director RSU grant valued at $250,000 on the date of grant, vesting ratably over five years (20% per year) starting on the first anniversary of the grant date.

Corporate Governance & Related Party Disclosures

• Committee Assignments: Potential committee appointments will be reviewed and determined following the Annual Meeting of Stockholders on January 14, 2027.
• Related Party Transactions: None. There are no arrangements, family relationships, or transactions requiring disclosure under Item 404(a) of Regulation S-K.