DHID. R. Horton
Deals with insiders in the proxy filed 2025-12-10
Deals between DHI and its directors, executives, owners of more than 5% or their families: a relative on the payroll, a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement.
New this year
Paragraphs about a deal, a person or a relative with nothing like them in the proxy filed 2024-12-13.
Certain Relationships and Related Party Transactions“(1)Prairie Lakes - Kyle, TX. In October 2021, the Company assigned its contractual rights to purchase 612 acres of unentitled land in Kyle, Texas to R&R. R&R then purchased the land from a third-party land seller for $6.6 million, as provided in the terms of the assigned contract. The Company simultaneously entered into a contract with R&R whereby the Company has the right to purchase the land from R&R for $6.6 million plus a fee of approximately 12% annually on the remaining purchase price of the land. The Company has the right to buy the land in installments or phases over a five year period.”
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Certain Relationships and Related Party Transactions“(2)Silverthorne - Conroe, TX. In December 2021, the Company assigned its contractual rights to purchase 1,127 acres of unentitled land in Conroe, Texas to R&R. R&R then purchased the land from a third-party land seller for $40.0 million, as provided in the terms of the assigned contract. The Company simultaneously entered into a contract with R&R whereby the Company has the right to purchase the land from R&R for $40.0 million plus a fee of approximately 14.81% annually on the remaining purchase price of the land. The Company has the right to buy the land in installments or phases over a four year period, subject to extensions.”
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Certain Relationships and Related Party Transactions“(3)Lone Star at Liberty Trails - Fort Worth, TX. In October 2022, the Company assigned its contractual rights to purchase 495 acres of unentitled land in Fort Worth, Texas to R&R. R&R then purchased the land from two third-party land sellers for approximately $31.2 million, as provided in the terms of the assigned contracts. The Company simultaneously entered into a contract with R&R whereby the Company has the right to purchase the 495 acres from R&R for $31.2 million plus a fee of approximately 14.81% annually on the remaining purchase price of the land. The Company has the right to buy the land in installments or phases over a four year period.”
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Certain Relationships and Related Party Transactions“(4)Legends Ranch - Denton, TX. In April 2023, the Company assigned its contractual rights to purchase 389 acres of unentitled land in Denton, Texas to R&R. R&R then purchased the land from a third-party land seller for approximately $23.3 million, as provided in the terms of the assigned contract. The Company simultaneously entered into a contract with R&R whereby the Company has the right to purchase the 389 acres from R&R for $23.3 million plus a fee of approximately 14.81% annually on the remaining purchase price of the land. The Company has the right to buy the land in installments or phases over a six year period. In April 2025, the Company assigned its contractual right to purchase 87 acres of the land to Forestar, the Company's subsidiary, which is in the business of land and lot development. Forestar purchased the 87 acres from R&R and paid R&R the contract price. The 14.81 % accrual fee of approximately $1.8 million was paid by the Company to R&R at the assignment effective in April 2025. Forestar will develop the land into residential lots for future purchase by the Company.”
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Certain Relationships and Related Party Transactions“(5)Tamarron - Fulshear, TX. In October 2023, the Company assigned its contractual rights to purchase 245 acres of unentitled land in Fulshear, Texas to R&R. R&R then purchased the land from a third-party land seller for approximately $24.7 million, as provided in the terms of the assigned contract. The Company simultaneously entered into a contract with R&R whereby the Company has the right to purchase the 245 acres from R&R for $24.7 million plus a fee of approximately 14.81% annually on the remaining purchase price of the land. The Company has the right to buy the land in installments or phases over a four year period. In fiscal 2025, the Company purchased 54 acres from R&R for $5.4 million plus the 14.81% accrual fee of approximately $1.1 million on the land purchased. In fiscal 2026, the Company purchased 25 acres from R&R for $2.5 million plus the 14.81% accrual fee of approximately $751,000 on the land purchased.”
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Certain Relationships and Related Party Transactions“(6)Crossmill - Princeton, TX. In December 2023, the Company assigned its contractual rights to purchase 310 acres of unentitled land in Princeton, Texas to R&R. R&R then purchased the land from a third-party land seller for approximately $21.7 million, as provided in the terms of the assigned contract. The Company simultaneously entered into a contract with R&R whereby the Company has the right to purchase the 310 acres from R&R for $21.7 million plus a fee of approximately 15% annually on the remaining purchase price of the land. The Company has the right to buy the land in installments or phases over a seven year period. In December 2024, the Company assigned its contractual rights to purchase 106 acres of the land to Forestar, the Company's subsidiary, which is in the business of land and lot development. Forestar purchased the 106 acres from R&R and paid R&R the contract price. The 15% accrual fee of approximately $1.3 million was paid by the Company to R&R at the assignment effective date in December 2024. Forestar will develop the land into residential lots for future purchase by the Company.”
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Certain Relationships and Related Party Transactions“(7)Suncrest - Princeton, TX. In January 2025, the Company assigned its contractual rights to purchase 151 acres of unentitled land in Princeton, Texas to R&R. R&R then purchased the land from a third-party land seller for approximately $14.0 million, as provided in the terms of the assigned contract. The Company simultaneously entered into a contract with R&R whereby the Company has the right to purchase the 151 acres from R&R for $14.0 million plus a fee of approximately 15% annually on the remaining purchase price of the land. The Company had the right to buy the land in an installment or phase over a 150 day period. In June 2025, the Company assigned its contractual right to purchase 151 acres of land from R&R to a third-party land banker. The third-party land banker purchased the 151 acres from R&R and paid R&R the contract price plus the 15% accrual fee of approximately $778,000 on the land purchased, as provided in the terms of the assigned contract.”
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Certain Relationships and Related Party Transactions“(8)River Rock Trails - Rockwall, TX. In May 2025, the Company entered into a contract with R&R whereby the Company has the right to purchase 1,878 acres of partially unentitled land in Rockwall, Texas owned by R&R for $93.9 million plus a fee of approximately 10% annually on the remaining purchase price of the land to commence five years after the Company purchases the first installment or phase. The Company has the right to buy the land in installments or phases over a twelve year period.”
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Certain Relationships and Related Party Transactions“(9)Wildflower - Josephine, TX. In July 2025, the Company entered into a contract with R&R whereby the Company has the right to purchase 1,084 acres of unentitled land in Josephine, Texas owned by R&R for $43.3 million plus a fee of approximately 10% annually on the remaining purchase price of the land. The Company has the right to buy the land in installments or phases over a six year period.”
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Certain Relationships and Related Party Transactions“(10)Silvertrails - McKinney, TX. In September 2025, the Company assigned its contractual rights to purchase 123 acres of unentitled land in McKinney, Texas to R&R. R&R then purchased the land from third-party land sellers for approximately $11.4 million, as provided in the terms of the assigned contract. The Company simultaneously entered into a contract with R&R whereby the Company has the right to purchase the 123 acres from R&R for $11.4 million plus a free of approximately 15% annually on the remaining purchase price of the land. The Company has the right to buy the land in installments or phases over an eighteen month period.”
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Other Related Party Transactions“Employment. John Auld, adult son of David Auld, the Company's Executive Chairman, is employed by the Company as a Division President at the Orlando Division. In fiscal 2025, John Auld earned cash compensation of $3,261,115 and equity compensation valued at $215,225. His compensation is consistent with the compensation provided to other employees of the same level with similar responsibilities. John Auld's employment complied with our Related Party Transaction Policy.”
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Other Related Party Transactions“Employment. Laura Brown, sister of Michael Murray, the Company's Chief Operating Officer, is employed by the Company at its Corporate office. In fiscal 2025, Laura Brown earned cash compensation of $155,991 and equity compensation valued at $83,439. Her compensation is consistent with the compensation provided to other employees of the same level with similar responsibilities. Laura Brown's employment complied with our Related Party Transaction Policy.”
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Other Related Party Transactions“Construction Services. Paul Romanowski, the Company's President and CEO, entered into a construction services contract with the Company to repair and restore personal property damaged during the fall 2024 hurricane season. The estimated cost of the project is $300,000 and such costs will be paid by Mr. Romanowski to the Company. The transaction complied with the Company's Related Party Transaction Policy.”
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No longer reported 9 paragraphs of the proxy filed 2024-12-13 with nothing like them this year
Certain Relationships and Related Person Transactions“We have a Related Party Transaction Policy to govern the Company’s practices related to reviewing and approving Related Party Transactions. Our Related Party Transaction Policy is available on our website at investor.drhorton.com under the Policy & ESG Documents link within the ESG section. The SEC requires the Company to disclose Related Party Transactions in its proxy statement.”
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Certain Relationships and Related Person Transactions“Related Party Transactions and Related Parties. Our Related Party Transaction Policy provides that Related Party Transactions will be reviewed for consideration of approval or ratification by our Nominating and Governance Committee of the Board (“Governance Committee”), which is composed of independent directors of the Board. If a member of the Nominating and Governance Committee has an interest in a Related Party Transaction, he or she will abstain in voting on such transaction. Related Party Transactions occur when any Related Party has a direct or indirect material interest in a transaction with the Company exceeding $120,000. A Related Party includes:”
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any immediate family member of such persons; and““Immediate family member” means a child, stepchild, parent, stepparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law of such director, executive officer, nominee for director or beneficial owner, and any person (other than a tenant or employee) sharing the household of such director, executive officer, nominee for director or beneficial owner. A Related Party also includes anyone who was a director (or director nominee), executive officer, or immediate family member of the forgoing at any time since the beginning of the Company’s last fiscal year.”
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any immediate family member of such persons; and“Procedures for Review of Related Party Transactions. All Related Party Transactions will be reviewed in accordance with the Related Party Transaction Policy to determine if approval or ratification is appropriate.”
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any immediate family member of such persons; and“Notification to the Company. A Related Party shall inform a designated compliance person of any potential Related Party Transaction.”
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any immediate family member of such persons; and“Information Regarding the Related Party Transaction. A designated compliance person shall be provided the following information:”
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any immediate family member of such persons; and“the Related Party’s relationship to the Company and such person’s interest in the Related Party Transaction;”
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any immediate family member of such persons; and“material terms of the Related Party Transaction; and benefits to the Company of the Related Party Transaction.”
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any immediate family member of such persons; and“Governance Committee Considerations. The applicable compliance person will submit potential Related Party Transactions to the Governance Committee for approval or ratification. Our Governance Committee shall take into consideration the following items:”
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New wording of the review policy 2 paragraphs without an amount or a name
Determination of Related Party Transaction and Submission to the Governance Committee. The designated compliance“When reviewing a potential Related Party Transaction, our Governance Committee considers, among other factors:”
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Related Party Transactions - Land Transactions“The Company generally does not purchase undeveloped land without these entitlements or approvals in place or reasonably expected to be in place soon.”
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The whole section
31 paragraphs quoted as filed
Determination of Related Party Transaction and Submission to the Governance Committee. The designated compliance“person determines if the proposed transaction is a Related Party Transaction. If it is, the Related Party Transaction shall be submitted to the Nominating and Governance Committee ("Governance Committee"), which is composed entirely of independent directors, for review and consideration of approval or ratification.”
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Determination of Related Party Transaction and Submission to the Governance Committee. The designated compliance“When reviewing a potential Related Party Transaction, our Governance Committee considers, among other factors:”
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Determination of Related Party Transaction and Submission to the Governance Committee. The designated compliance“whether the Company and the Governance Committee reasonably believe the Related Party Transaction is in the best interest of the Company and its stockholders at the time of review;”
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Determination of Related Party Transaction and Submission to the Governance Committee. The designated compliance“whether the Company has valid business reasons to enter into the Related Party Transaction; and • applicable requirements under the rules, regulations, listing standards or statues of the SEC, NYSE and Section 144 of the Delaware General Corporation Law.”
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Determination of Related Party Transaction and Submission to the Governance Committee. The designated compliance“Approval or Disapproval of Related Party Transactions. A Related Party Transaction requires an approval or ratification by a majority vote of disinterested members of the Governance Committee (or Board, if applicable) where a quorum is present or by unanimous written consent. Once approved or ratified by the Governance Committee, the Company may proceed in accordance with the Related Party Transaction’s terms, conditions, schedule and practices. If the transaction involves one or more phases or installments, a series of transactional steps or if it is of an ongoing nature, no further approval is required, provided that the terms and conditions have not materially changed from those previously approved by the Governance Committee. If a material change occurs, the Governance Committee must review and approve or ratify the revised terms and conditions.”
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Determination of Related Party Transaction and Submission to the Governance Committee. The designated compliance“If the Company enters a Related Party Transaction without obtaining the prior approval required under the Related Party Transaction Policy, the transaction will not automatically be deemed a violation of the Related Party Transaction Policy nor will it be void, invalid or unenforceable. Instead, the Related Party Transaction must be submitted to the Governance Committee as promptly as reasonably practicable after it is entered into, or after it becomes reasonably apparent that such transaction is covered by the Policy, for review and appropriate action. The Governance Committee may consider all alternatives including approving, ratifying, terminating or amending such Related Party Transaction.”
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Certain Relationships and Related Party Transactions“Other Related Party Transactions - Delegation to Executive Officers. Authority to approve or ratify the following transactions has been delegated to any Executive Officer of the Company who is disinterested in the transaction. If any of the following transactions approved or ratified by an Executive Officer exceeds $120,000 and involves a Related Party, the Company will comply with Item 404 of Regulation S-K by disclosing the transaction in the Company’s proxy statement.”
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Certain Relationships and Related Party Transactions“Home Purchase and Construction Services. Home purchases under the Company’s employee home purchase program or construction services, both of which are available to all employees of the Company. Actual pricing is determined in each local market where the home is located based on prevailing market conditions and other relevant facts and circumstances by the Company’s manager overseeing the project.”
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Certain Relationships and Related Party Transactions“Employment. Employment by the Company of an Executive Officer or any "immediate family member" who qualifies as a Related Party.”
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Certain Relationships and Related Party Transactions“Other Transactions. Transactions or services between the Company and a Related Party that are valued at $120,000 or less, provided that if the Related Party is an independent director, such transaction or services would not impair the director's independence.”
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Related Party Transactions - Land Transactions“The Company's homebuilding operations require significant investment in land and lots each year. During fiscal 2025, the Company's homebuilding operations purchased $5.9 billion of land and finished lots. At September 30, 2025, the remaining purchase price of lots controlled through land and lot purchase contracts was $26.0 billion. The Company routinely enters into contracts to purchase land or developed residential lots at predetermined prices on a defined schedule commensurate with planned development or anticipated housing demand. During the due diligence period prior to purchasing undeveloped land, the Company determines if the land has received, or is reasonably expected to receive soon, all significant entitlements or approvals necessary for the land to be used as residential lots for home construction.”
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Related Party Transactions - Land Transactions“The Company generally does not purchase undeveloped land without these entitlements or approvals in place or reasonably expected to be in place soon.”
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Related Party Transactions - Land Transactions“In addition, the Company also evaluates whether the prospective development project meets the Company’s investment criteria during the due diligence period. The projected financial performance must meet certain standards for return on investment and recovery of the Company’s initial cash investment in land and development costs.”
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Related Party Transactions - Land Transactions“As part of its land purchasing strategies, the Company routinely utilizes third-party lot developers and land bankers to retain control of land parcels that have not received all significant entitlements or are too large to meet the Company's investment criteria if purchased outright. The Company typically assigns, in part or whole, land purchase contracts to a third-party developer or land banker, who then purchases the property from the original land seller. The Company subsequently enters into a purchase contract with the developer or land banker to purchase the land or lots typically after the necessary entitlements have been obtained at predetermined prices and schedules that allow the project to satisfy the Company’s investment criteria. Generally, terms of a land purchase contract involving a land seller or land banker depend on the parcel's location and size, entitlement status, due diligence duration, contract terms and the willingness and capacity of a land banker to invest in and hold large parcels of unentitled land.”
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Related Party Transactions - Land Transactions“The Company has a strategic relationship with Ryan Horton and Reagan Horton and entities controlled by them (collectively, referred to as "R&R"). Ryan and Reagan Horton are the adult sons of the late Donald R. Horton, the Company's founder and former Chairman, and Martha Elizabeth Horton. Following Mr. Horton's passing, R&R continue to qualify as related parties under our Related Party Transaction Policy only due to their beneficial ownership, directly or indirectly, of more than 5% of the Company's stock. R&R do not have any employment relationship with the Company.”
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Related Party Transactions - Land Transactions“R&R has served as a land seller and a land banker to the Company. The relationship provides advantages to the Company compared to many third-party land sellers, lot developers and land bankers as R&R has the capital capacity and has demonstrated the ability to purchase and hold large tracts of unentitled land or land that does not currently meet the Company’s investment criteria. The Company typically contracts with R&R to purchase the land in phases, on a defined schedule, after entitlements are secured, under terms that meet the Company’s investment criteria.”
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Certain Relationships and Related Party Transactions“The following Related Party Transactions between the Company and R&R involve land purchase contracts to be used primarily in the Company's homebuilding business. Each of these Related Party Transactions was approved by the Governance Committee, composed of disinterested and independent directors of the Board, in accordance with our Related Party Transaction Policy.”
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Certain Relationships and Related Party Transactions“The land contract dates, acreage, purchase prices, purchases in fiscal 2025 and fiscal 2026 (to date) and remaining acres to be purchased in each transaction are summarized below.”
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Certain Relationships and Related Party Transactions“(1)Prairie Lakes - Kyle, TX. In October 2021, the Company assigned its contractual rights to purchase 612 acres of unentitled land in Kyle, Texas to R&R. R&R then purchased the land from a third-party land seller for $6.6 million, as provided in the terms of the assigned contract. The Company simultaneously entered into a contract with R&R whereby the Company has the right to purchase the land from R&R for $6.6 million plus a fee of approximately 12% annually on the remaining purchase price of the land. The Company has the right to buy the land in installments or phases over a five year period.”
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Certain Relationships and Related Party Transactions“(2)Silverthorne - Conroe, TX. In December 2021, the Company assigned its contractual rights to purchase 1,127 acres of unentitled land in Conroe, Texas to R&R. R&R then purchased the land from a third-party land seller for $40.0 million, as provided in the terms of the assigned contract. The Company simultaneously entered into a contract with R&R whereby the Company has the right to purchase the land from R&R for $40.0 million plus a fee of approximately 14.81% annually on the remaining purchase price of the land. The Company has the right to buy the land in installments or phases over a four year period, subject to extensions.”
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Certain Relationships and Related Party Transactions“(3)Lone Star at Liberty Trails - Fort Worth, TX. In October 2022, the Company assigned its contractual rights to purchase 495 acres of unentitled land in Fort Worth, Texas to R&R. R&R then purchased the land from two third-party land sellers for approximately $31.2 million, as provided in the terms of the assigned contracts. The Company simultaneously entered into a contract with R&R whereby the Company has the right to purchase the 495 acres from R&R for $31.2 million plus a fee of approximately 14.81% annually on the remaining purchase price of the land. The Company has the right to buy the land in installments or phases over a four year period.”
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Certain Relationships and Related Party Transactions“(4)Legends Ranch - Denton, TX. In April 2023, the Company assigned its contractual rights to purchase 389 acres of unentitled land in Denton, Texas to R&R. R&R then purchased the land from a third-party land seller for approximately $23.3 million, as provided in the terms of the assigned contract. The Company simultaneously entered into a contract with R&R whereby the Company has the right to purchase the 389 acres from R&R for $23.3 million plus a fee of approximately 14.81% annually on the remaining purchase price of the land. The Company has the right to buy the land in installments or phases over a six year period. In April 2025, the Company assigned its contractual right to purchase 87 acres of the land to Forestar, the Company's subsidiary, which is in the business of land and lot development. Forestar purchased the 87 acres from R&R and paid R&R the contract price. The 14.81 % accrual fee of approximately $1.8 million was paid by the Company to R&R at the assignment effective in April 2025. Forestar will develop the land into residential lots for future purchase by the Company.”
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Certain Relationships and Related Party Transactions“(5)Tamarron - Fulshear, TX. In October 2023, the Company assigned its contractual rights to purchase 245 acres of unentitled land in Fulshear, Texas to R&R. R&R then purchased the land from a third-party land seller for approximately $24.7 million, as provided in the terms of the assigned contract. The Company simultaneously entered into a contract with R&R whereby the Company has the right to purchase the 245 acres from R&R for $24.7 million plus a fee of approximately 14.81% annually on the remaining purchase price of the land. The Company has the right to buy the land in installments or phases over a four year period. In fiscal 2025, the Company purchased 54 acres from R&R for $5.4 million plus the 14.81% accrual fee of approximately $1.1 million on the land purchased. In fiscal 2026, the Company purchased 25 acres from R&R for $2.5 million plus the 14.81% accrual fee of approximately $751,000 on the land purchased.”
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Certain Relationships and Related Party Transactions“(6)Crossmill - Princeton, TX. In December 2023, the Company assigned its contractual rights to purchase 310 acres of unentitled land in Princeton, Texas to R&R. R&R then purchased the land from a third-party land seller for approximately $21.7 million, as provided in the terms of the assigned contract. The Company simultaneously entered into a contract with R&R whereby the Company has the right to purchase the 310 acres from R&R for $21.7 million plus a fee of approximately 15% annually on the remaining purchase price of the land. The Company has the right to buy the land in installments or phases over a seven year period. In December 2024, the Company assigned its contractual rights to purchase 106 acres of the land to Forestar, the Company's subsidiary, which is in the business of land and lot development. Forestar purchased the 106 acres from R&R and paid R&R the contract price. The 15% accrual fee of approximately $1.3 million was paid by the Company to R&R at the assignment effective date in December 2024. Forestar will develop the land into residential lots for future purchase by the Company.”
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Certain Relationships and Related Party Transactions“(7)Suncrest - Princeton, TX. In January 2025, the Company assigned its contractual rights to purchase 151 acres of unentitled land in Princeton, Texas to R&R. R&R then purchased the land from a third-party land seller for approximately $14.0 million, as provided in the terms of the assigned contract. The Company simultaneously entered into a contract with R&R whereby the Company has the right to purchase the 151 acres from R&R for $14.0 million plus a fee of approximately 15% annually on the remaining purchase price of the land. The Company had the right to buy the land in an installment or phase over a 150 day period. In June 2025, the Company assigned its contractual right to purchase 151 acres of land from R&R to a third-party land banker. The third-party land banker purchased the 151 acres from R&R and paid R&R the contract price plus the 15% accrual fee of approximately $778,000 on the land purchased, as provided in the terms of the assigned contract.”
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Certain Relationships and Related Party Transactions“(8)River Rock Trails - Rockwall, TX. In May 2025, the Company entered into a contract with R&R whereby the Company has the right to purchase 1,878 acres of partially unentitled land in Rockwall, Texas owned by R&R for $93.9 million plus a fee of approximately 10% annually on the remaining purchase price of the land to commence five years after the Company purchases the first installment or phase. The Company has the right to buy the land in installments or phases over a twelve year period.”
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Certain Relationships and Related Party Transactions“(9)Wildflower - Josephine, TX. In July 2025, the Company entered into a contract with R&R whereby the Company has the right to purchase 1,084 acres of unentitled land in Josephine, Texas owned by R&R for $43.3 million plus a fee of approximately 10% annually on the remaining purchase price of the land. The Company has the right to buy the land in installments or phases over a six year period.”
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Certain Relationships and Related Party Transactions“(10)Silvertrails - McKinney, TX. In September 2025, the Company assigned its contractual rights to purchase 123 acres of unentitled land in McKinney, Texas to R&R. R&R then purchased the land from third-party land sellers for approximately $11.4 million, as provided in the terms of the assigned contract. The Company simultaneously entered into a contract with R&R whereby the Company has the right to purchase the 123 acres from R&R for $11.4 million plus a free of approximately 15% annually on the remaining purchase price of the land. The Company has the right to buy the land in installments or phases over an eighteen month period.”
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Other Related Party Transactions“Employment. John Auld, adult son of David Auld, the Company's Executive Chairman, is employed by the Company as a Division President at the Orlando Division. In fiscal 2025, John Auld earned cash compensation of $3,261,115 and equity compensation valued at $215,225. His compensation is consistent with the compensation provided to other employees of the same level with similar responsibilities. John Auld's employment complied with our Related Party Transaction Policy.”
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Other Related Party Transactions“Employment. Laura Brown, sister of Michael Murray, the Company's Chief Operating Officer, is employed by the Company at its Corporate office. In fiscal 2025, Laura Brown earned cash compensation of $155,991 and equity compensation valued at $83,439. Her compensation is consistent with the compensation provided to other employees of the same level with similar responsibilities. Laura Brown's employment complied with our Related Party Transaction Policy.”
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Other Related Party Transactions“Construction Services. Paul Romanowski, the Company's President and CEO, entered into a construction services contract with the Company to repair and restore personal property damaged during the fall 2024 hurricane season. The estimated cost of the project is $300,000 and such costs will be paid by Mr. Romanowski to the Company. The transaction complied with the Company's Related Party Transaction Policy.”
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Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not. A deal reported again with a new amount is not new. Always check the filing. Open the proxy ↗ · Last year's proxy ↗