Michael J. Murray, Executive Vice President and Chief Operating Officer of D.R. Horton, Inc., filed a Form 4 on November 2, 2026, reporting multiple transactions in DHI common stock and restricted stock units on October 29 and October 30, 2026.

Key Highlights

  • RSU vesting on October 29: Murray acquired 1,689 shares of DHI common stock upon the vesting of restricted stock units originally awarded October 29, 2025, then surrendered 665 shares at $146.53 to cover tax obligations.
  • Performance bonus settlement on October 30: Murray received 52,242 shares and 9,590 shares of DHI common stock at $0, related to performance bonuses for the period ending September 30, 2026.
  • Tax withholding on October 30: Murray surrendered 28,106 shares at $146.03 to cover tax obligations on the 61,832 performance-related shares received that day.
  • New RSU grant: Murray received 8,730 new restricted stock units on October 30, 2026, vesting in five equal installments beginning October 30, 2027.
  • Post-transaction direct ownership: Following all reported transactions, Murray directly owns 158,718 shares of DHI common stock.
  • Indirect ownership: Murray indirectly beneficially owns 249,825 shares held by a limited partnership controlled by him and his wife, and 32,340 shares held by a foundation controlled by him and members of his immediate family.

Murray's October 2026 RSU Vesting and Performance Bonus Transactions at D.R. Horton

According to the filing, Murray's transactions on October 29, 2026, involved the vesting of restricted stock units originally granted on October 29, 2025. The filing states that 8,445 restricted stock units were granted on that date, vesting in five annual installments beginning October 29, 2026. Of the 1,689 units that vested, 665 resulting shares were surrendered to the issuer at $146.53 per share to satisfy tax obligations, leaving Murray with a net gain of 1,024 directly held shares from that event.

On October 30, 2026, the filing reports two additional acquisitions tied to performance bonuses for the period ending September 30, 2026. Murray received 52,242 shares at $0 and 9,590 shares at $0, together representing settlement of performance bonus obligations in DHI common stock. To cover the resulting tax liability on the combined 61,832 shares, Murray surrendered 28,106 shares at $146.03 per share to the issuer. Also on October 30, the previously outstanding restricted stock unit award of 52,242 units was fully settled, reducing that RSU position to zero, according to the filing.

In addition, the filing discloses that Murray was awarded 8,730 new restricted stock units on October 30, 2026, with each unit representing a contingent right to receive one share of DHI common stock upon vesting. These units vest in five equal installments beginning October 30, 2027. Following all transactions reported on this Form 4, the filing states Murray directly holds 158,718 shares, indirectly beneficially owns 249,825 shares through a limited partnership, and indirectly holds 32,340 shares through a family-controlled foundation. The issuer is identified in the filing as HORTON D R INC /DE/, trading on NYSE:DHI.

What Was Disclosed

Murray's Form 4 reported RSU vestings, a performance bonus settlement in stock, tax-related share surrenders, and a new RSU grant occurring on October 29 and October 30, 2026, resulting in direct beneficial ownership of 158,718 shares.