Miller Maribess L 4

What Happened

• Maribess L. Miller, a director of D.R. Horton (DHI), had 93 restricted stock units (RSUs) convert into 93 shares on March 21, 2026 (transaction code M — exercise/conversion of derivative). The same filing also reports a simultaneous disposition of 93 shares at $0.00. No cash purchase price or sale proceeds are reported for these entries.

Key Details

• Transaction date: March 21, 2026; Form 4 filed March 24, 2026.
• Reported amounts: 93 shares acquired (conversion) and 93 shares disposed, price shown as $0.00 for the disposition; acquisition price listed as N/A.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: F1 — each restricted stock unit converts to one share of DHI common stock. F2 — the RSUs were originally granted March 21, 2024 (465 RSUs total), vesting in five annual installments beginning March 21, 2025 (465/5 = 93 per installment).
• No additional explanation (e.g., tax withholding or sale proceeds) is provided in this filing.

Context

• This appears to be a routine vesting/conversion of RSUs (an award grant vesting installment). The filing shows conversion of RSUs into shares and a matching reported disposition of the same number of shares at $0; the document does not state whether shares were sold, transferred, or withheld for taxes. No cash purchase or sale value is reported, so there is no clear buy/sell market signal from this entry alone.