D.R. Horton EVP & COO Michael J. Murray Reports RSU Vesting & Tax Withholdings

Executive Summary

On November 2, 2026, D.R. Horton, Inc. (NYSE: DHI) filed a Form 4 for Michael J. Murray, Executive Vice President and Chief Operating Officer. The report reflects routine equity compensation activity across October 29 and October 30, 2026, including the vesting and settlement of restricted stock units (RSUs) and performance bonuses, alongside automatic share withholdings to satisfy tax obligations.

Key Transaction Highlights

• October 29, 2026:
  • Vested 1,689 RSUs into common stock (Code M) at $0.
  • Surrendered 665 shares at $146.53 per share (Code F) to cover statutory tax liabilities (~$97,442).
• October 30, 2026:
  • Vested and settled 52,242 shares of common stock (Code M) and an additional grant/settlement of 9,590 shares (Code A) related to annual performance bonuses for the fiscal year ended September 30, 2026.
  • Surrendered 28,106 shares at $146.03 per share (Code F) to cover tax withholding obligations (~$4,104,319).
• Derivative Grant:
  • Received a grant of 8,730 RSUs (Code A), which vest in five equal annual installments starting October 30, 2027.

Post-Transaction Beneficial Ownership

• Direct Ownership: 158,718 shares of common stock.
• Indirect Ownership:
  • 249,825 shares held via a Limited Partnership controlled by Mr. Murray and his wife.
  • 32,340 shares held via a Family Foundation.

Trading Significance

This filing carries Low trading significance. The reported transactions represent scheduled equity compensation vesting, performance bonus settlement, and tax-related share dispositions rather than discretionary open-market purchases or sales.