D.R. Horton amends fiscal 2022 exec comp: reduces PTI bonus percentages, tightens PSU goals

HORTON D R INC /DE/

Chairman & CEO PTI bonus percentages reduced to 0.20% (from 0.60%/0.40%); annual cap $14M.
Co-COOs PTI bonus cut to 0.10% (from 0.15%); annual cap $10M. Half of bonus paid in stock with 2-year hold.
PSU target numbers revised: Chairman down to 150k, CEO up to 150k, Co-COOs up to 50k. Performance thresholds tightened to 6th/3rd place.
Time-based RSUs granted: ~$3M each to Chairman & CEO, ~$1.5M each to Co-COOs, vesting 3-5 years.

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