Michael Murray compensation by year
D.R. Horton Summary Compensation Table · all 5 fiscal years held| Component | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Salary | $500,000 | $500,000 | $500,000 | $500,000 | $500,000 |
| Bonus | $0 | $0 | $0 | $0 | $0 |
| Stock awards | $3,044,615 | $5,447,599 | $7,219,367 | $15,968,950 | $17,440,320 |
| Option awards | $0 | $0 | $0 | $0 | $0 |
| Non-equity incentive | $8,034,538 | $7,629,749 | $6,314,679 | $3,927,981 | $2,962,490 |
| Pension and deferred compensation | $87,047 | $92,368 | $80,061 | $73,338 | $90,715 |
| All other | $58,700 | $59,150 | $59,900 | $60,350 | $60,500 |
| Total | $11,724,900 | $13,728,866 | $14,174,007 | $20,530,619 | $21,054,025 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: D.R. Horton, Inc. DEF 14A filed December 10, 2025, accession 0000882184-25-000114, and prior-year filings. Open the filing on EDGAR.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| PSU | 75,165 | $12,738,213 | — |
| PSU | 73,755 | $12,499,260 | — |
| PSU | 8,376 | $1,419,481 | — |
| PSU | 7,820 | $1,325,255 | — |
| PSU | 7,639 | $1,294,581 | — |
| PSU | 7,110 | $1,204,932 | — |
| PSU | 2,232 | $378,257 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in D.R. Horton, Inc.'s FY2025 proxy; value at the fiscal year-end close, as the company printed it.
Insider transactions since the last proxy
14 Form 4 lines since the FY2025 proxy (filed December 10, 2025)current to 2026-09-24 · updated nightly
| Date | Transaction | Plan | Shares | Price | Held after |
|---|---|---|---|---|---|
| 2026-09-08 | Gift | — | 5,000 | $0.00 | 123,968 |
| 2026-04-22 | Grant or award | — | 6,388 | $0.00 | 133,960 |
| 2026-04-22 | Tax withholding | — | 4,992 | $162.95 | 128,968 |
| 2026-04-20 | Exercise or conversion | — | 2,370 | — | 128,505 |
| 2026-04-20 | Exercise or conversion derivative | — | 2,370 | $0.00 | 4,740 |
| 2026-04-20 | Tax withholding | — | 933 | $153.34 | 127,572 |
| 2026-03-23 | Exercise or conversion derivative | — | 3,820 | $0.00 | 3,819 |
| 2026-03-23 | Exercise or conversion | — | 3,820 | — | 127,639 |
The 8 most recent of 14 lines, each as reported on the Form 4. "10b5-1" marks a trade the filing reports under a pre-arranged trading plan. View every Form 4 filing on EDGAR →
D.R. Horton’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Paul Romanowski | President and Chief Executive Officer | $25,128,033 |
| Michael Murray · this page | Executive Vice President and Chief Operating Officer | $21,054,025 |
| David Auld | Executive Chairman | $17,936,303 |
| Bill Wheat | Executive Vice President and Chief Financial Officer | $16,074,222 |
The full D.R. Horton compensation record
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Compensation, the day it’s disclosed
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are D.R. Horton's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
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