CARSON BENJAMIN SR 4

What Happened
Benjamin Carson Sr, a director of Horton D R Inc (DHI), had 683 restricted stock units (RSUs) convert into 683 shares on April 20, 2026 (transaction code M). The filing shows an acquisition entry for 683 shares (conversion) and two disposal entries for 544 and 139 shares, each reported at $0.00. The 544-share and 139-share disposals sum to the full 683 shares converted, resulting in no cash proceeds reported and no net increase in shares delivered to the insider in this filing. This appears to be a routine vesting/conversion with shares surrendered/withheld rather than an open-market sale.

Key Details

• Transaction date: April 20, 2026; Form 4 filed April 22, 2026 (timely within the usual two-business-day window).
• Reported entries: acquired 683 shares (conversion, price N/A); disposed 544 shares @ $0.00 and 139 shares @ $0.00 (total disposed = 683).
• Shares owned after transaction: not stated in the provided excerpt of the filing.
• Footnotes of note:
  • F1: each RSU converts into one share of DHI common stock.
  • F2/F3: the 544-share tranche matches the April 20, 2021 grant (2,720 RSUs vesting in five annual installments = 544/year); the 139-share tranche matches the April 20, 2023 grant (695 RSUs vesting in five annual installments = 139/year).
• Disposal at $0.00 is consistent with shares being withheld or surrendered to cover tax withholding obligations rather than an open-market sale.

Context
When RSUs vest they convert into shares; companies commonly withhold or retain a portion of those shares to satisfy tax withholding, which appears to be what occurred here (no cash sale reported). This is a routine, non-market liquidity event and does not by itself indicate a change in the director’s view of the company.