DHI Director Chad Crow Converts 264 RSUs to Shares

What Happened

• Chad Crow, a Director of Horton D R Inc. (DHI), had 264 restricted stock units (RSUs) convert into 264 shares on August 26, 2026 (transaction code M — exercise/conversion of derivative). The same day the filing reports a contemporaneous disposal of 264 shares at $0.00 (reported as a derivative disposition).

Key Details

• Transaction date: 2026-08-26.
• Acquired: 264 shares via conversion of RSUs (no cash paid).
• Disposed: 264 shares reported at $0.00 (derivative).
• Footnotes: F1 — each restricted stock unit converts into one share of DHI common stock. F2 — the RSUs were part of a grant of 1,320 RSUs on Aug 26, 2024, vesting in five annual installments beginning Aug 26, 2025 (264 shares per installment).
• Shares owned after the transaction: not specified in the filing.
• Filing timeliness: report filed the same day (no late filing indicated).

Context

• This appears to be a routine RSU vesting event (conversion of vested RSUs into shares). Filings that show a simultaneous $0.00 disposition often reflect company share withholding for taxes or similar administrative settlement; the filing itself lists the conversion and the zero-dollar disposition but does not detail the reason for the disposal. This is generally administrative and not necessarily a market sentiment signal.