Summary of Compensation Notification Chairman of the Board and Strategic Advisor
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EX-10.1 2 exhibit101drfeearrangement.htm EX-10.1 Document
Exhibit 10.1
Compensation Notification
Chairman of the Board and Strategic Advisor
Fiscal 2024 Compensation of Chairman of the Board and Strategic Advisor
Fiscal 2024 Strategic Advisor Compensation: The table below sets forth the fiscal 2024 strategic advisor fee for Mr. Horton.
| Name | Title | Strategic Advisor Fee Fiscal 2024 | ||||||||||||
| Donald R. Horton | Strategic Advisor | $3,875,000 | ||||||||||||
Time Vesting Restricted Stock Units: On October 31, 2023, the Compensation Committee approved an award of restricted stock units (“Time Vesting RSUs”) pursuant to the Company's 2006 Stock Incentive Plan, as amended and restated ("2006 Plan"), to Mr. Horton and in the following amounts:
| Name | Title | Dollar Value of Restricted Stock Units | ||||||||||||
| Donald R. Horton | Strategic Advisor | $11,625,000 | ||||||||||||
The Compensation Committee approved that the final number of Time Vesting RSUs to be granted will be based on the aggregate dollar value divided by the closing stock price on November 8, 2023. The Time Vesting RSUs vest ratably over a three-year period.
