secwatch.observer — SEC 8-K summary
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Issuer:     HORTON D R INC /DE/ (DHI)
CIK:        0000882184
Form:       8-K
Filed at:   2022-03-29T23:59:59+00:00
Accession:  0000882184-22-000091
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/882184/000088218422000091/0000882184-22-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/882184/000088218422000091/dhi-20220323.htm
  HTML page:      https://secwatch.observer/filing/0000882184-22-000091

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer