WHEAT BILL W 4

What Happened

• Bill W. Wheat, EVP and Chief Financial Officer of Horton D.R. Inc. (DHI), had 2,232 restricted stock units (RSUs) convert into 2,232 shares on March 17, 2026. To cover tax withholding, 908 of those shares were surrendered to the issuer at $142.14 per share, totaling $129,063. After withholding, the insider received a net 1,324 shares (2,232 − 908).
• The filing shows the RSU conversion as derivative exercise/conversion entries and a separate tax-withholding (disposition) entry; the $0 reporting on one derivative line reflects the mechanics of converting RSUs (no exercise price).

Key Details

• Transaction date: 2026-03-17; Filing date: 2026-03-18 (filed timely).
• Conversion: 2,232 RSUs → 2,232 shares (reported as derivative exercise/conversion, code M).
• Tax withholding: 908 shares surrendered at $142.14 per share = $129,063 (reported as code F).
• Net shares delivered to insider: 1,324 shares.
• Grant context: These RSUs were part of an 11,160-unit award granted March 17, 2021 that vests in five annual installments of 2,232 shares (footnote).
• Shares owned after the transaction: not specified in the filing.

Context

• This is a routine RSU vesting and tax-withholding transaction (not an open-market sale). Surrendering shares to cover taxes is common and does not necessarily signal a buy/sell decision on the market. The RSUs have no exercise price, which is why the conversion shows $0 on the derivative disposal line.