Odom Aron M. 4

What Happened

• Aron M. Odom, SVP, Controller and Principal Accounting Officer, had 1,054 restricted stock units (RSUs) convert into 1,054 shares of D.R. Horton common stock on March 21, 2026 (reported as a conversion of a derivative, code M).
• To cover tax withholding, 424 of those shares were surrendered to the issuer at $133.12 per share, a withholding value of $56,443 (reported under code F). The net result: 630 shares remained attributable to Odom after withholding.
• The vested units consisted of 620 RSUs from the March 21, 2023 grant and 434 RSUs from the March 21, 2024 grant.

Key Details

• Transaction date: March 21, 2026; Form 4 filed March 24, 2026 (filing not flagged in the report as late).
• Conversion: 1,054 RSUs -> 1,054 shares (transaction code M).
• Tax withholding/surrender: 424 shares surrendered at $133.12/share = $56,443 (transaction code F).
• Net shares received: 630 shares (1,054 vested minus 424 surrendered).
• Footnotes: F1 confirms 1 RSU = 1 common share; F2 explains the 424 shares were surrendered to cover taxes on the 620 and 434 vested shares; F3 and F4 describe the original RSU grants and vesting schedules.
• Shares owned after transaction: not explicitly stated in the filing (report shows the net shares issued from this vesting).

Context

• This was a routine RSU vesting and tax-withholding event (not an open-market buy or sale). RSU conversions and share-surrenders to cover taxes are common and generally reflect compensation vesting rather than a trading view on the stock.
• Transaction codes: M = conversion/exercise of derivative (here, RSU vesting); F = shares surrendered to pay tax withholding.