D.R. HORTON, INC. RESTRICTED STOCK UNIT AGREEMENT [EMPLOYEE] , 20

Exhibit 10.4

D.R. HORTON, INC.

RESTRICTED STOCK UNIT AGREEMENT

[EMPLOYEE]

                , 20    

D.R. Horton, Inc. (the “Company”), a Delaware corporation, pursuant to the Amended and Restated 2006 Stock Incentive 2006 SIP (the “2006 SIP”), hereby grants                      (the “Participant”) a Restricted Stock Unit Award (“Award”) as set forth below. This Award is subject to the terms and conditions set forth in this Restricted Stock Unit Award Agreement (the “Agreement”) and in the 2006 SIP (a copy of which is attached to this Agreement). The Administrator of this Award under the 2006 SIP is the Board of Directors (the “Board”) of the Company and it shall determine or resolve any conflicts in this Agreement, the 2006 SIP, and any Tax Deferral Notice (defined below) under Section 2. Capitalized terms not defined herein are defined in the 2006 SIP.

1. Terms. Each Restricted Stock Unit represents the right to receive one Share (as adjusted from time to time pursuant to the 2006 SIP) subject to fulfillment of the vesting, settlement and other conditions set forth in this Agreement.

2. Settlement and Tax Deferral Election. Each vested RSU will be settled by the delivery of one Share (subject to adjustment under the 2006 SIP) to the Participant or, in the event of the Participant’s death, to the Participant’s estate or heirs, on the applicable Settlement Date; provided that the Participant has satisfied all obligations with regard to the Tax-Related Items (as defined below) in connection with the Award, and that the Participant has completed, signed and returned any documents and taken any additional action that the Company deems appropriate to enable it to accomplish the delivery of the Shares. No fractional shares will be issued under this Agreement.

Within thirty (30) days of the Date of Award, the Participant may elect to defer settlement of part of or all of the RSUs. The Participant shall provide a written notice (the “Tax Deferral Notice”) to the Company setting forth the Participant’s tax deferral election. If the Participant elects to defer settlement pursuant to this Section 2, the vested Shares will be settled on the Settlement Date(s) set forth in the attached Tax Deferral Notice.

3. Status of Award. Until the RSUs vest and are converted into Shares and such Shares are settled to the Participant pursuant to the terms of this Agreement, the Participant will have no rights as a stockholder of the Company with respect to the Shares subject to the Award (including, without limitation, no voting or dividend rights with respect to such Shares). Following the conversion of the RSUs to Shares and the settlement of such Shares to the Participant hereunder, the Participant will be recorded as a stockholder of the Company with respect to such Shares and shall have all voting rights and rights to dividends and other distributions with respect to such Shares.

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4. Cease to Serve as Executive Officer. If the Participant’s status as an executive officer of the Company ceases, terminates or concludes for any reason, other than a termination related to Participant’s retirement, disability, death, or Change in Control, the Participant’s RSUs shall immediately cease to vest and any rights to the underlying Shares shall be forfeited on the effective date of such termination. The Board shall have the exclusive discretion to determine when the Participant’s continuous status as an executive officer has terminated for purposes of this Award. Upon such a termination, all unvested RSUs subject to this Award shall be forfeited by the Participant and cancelled and surrendered to the Company without payment of any consideration. If 12 months has passed since September 30, 20    , the Grantee’s separation from service is due to voluntary (without cause) or involuntary (without cause) termination or resignation before September 30, 20    , then the Grantee will be paid a number of RSUs determined on a pro-rata basis based on the number of full months completed from October 1, 20     to the date of separation of service. For purposes of this Section 4, “pro-rata portion” means a percentage, where the numerator is the number of full months completed between October 1, 20     and the date of the Grantee’s separation of service, and the denominator is 36 months.

5. Retirement, Disability, Death or Change in Control. In the event of any of (i) Participant’s retirement (at normal retirement age of 65 years old) from the Company, (ii) Participant’s disability, (iii) Participant’s death, or (iv) a Change in Control of the Company, then in each case, all the RSUs subject to this Award, if the Participant shall have been in continuous status as an executive officer since the Date of Award, shall vest in full. A “Change in Control” shall mean a Change in Control as defined in the Participant’s Stock Option Agreement, dated September 2, 2011, which was approved by the Board under the 2006 SIP.

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6. Board Authority. Any question concerning the interpretation of this Agreement, the 2006 SIP, the Tax Deferral Notice, any adjustments required to be made under the 2006 SIP, any controversy that may arise under the 2006 SIP or this Agreement shall be determined by the Company’s Board of Directors in its sole and absolute discretion. Such decision shall be final and binding.

7. Transfer Restrictions. Any sale, transfer, assignment, encumbrance, pledge, hypothecation, conveyance in trust, gift, transfer by bequest, devise or descent, or other transfer or disposition of any kind, whether voluntary or by operation of law, directly or indirectly, of RSUs or Shares subject thereto prior to the date such Shares are issued to the Participant pursuant to this Agreement shall be strictly prohibited and void. Any Shares held by the Participant shall not be pledged or otherwise encumbered as long as the Participant is an executive officer.

8. Securities Law Compliance. The Company may impose such restrictions, conditions or limitations as it determines appropriate as to the timing and manner of any resales or other subsequent transfers of any Shares issued as a result of or under this Award, including without limitation (i) restrictions under an insider trading policy, (ii) restrictions that may be necessary in the absence of an effective registration statement under the Securities Act of 1933, as amended, or any other similar applicable law covering the Award and/or the Shares underlying the Award, and (iii) restrictions as to the use of a specified brokerage firm or other agent for such resales or other transfers. Any sale of the Shares must also comply with other applicable laws and regulations governing the sale of such Shares.

9. Certain Conditions of the Award. The Participant agrees that he or she will not acquire Shares pursuant to the Award or transfer, assign, sell or otherwise deal with such Shares except in compliance with applicable law. Further, in accepting the Award, the Participant acknowledges that:

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10. Tax Withholding.

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The Company may refuse to issue, deliver or settle the Shares or the proceeds of the sale of Shares if the Participant fails to comply with his or her obligations in connection with the Tax-Related Items.

To avoid negative accounting treatment, the Company may withhold or account for Tax-Related Items by considering applicable minimum statutory withholding amounts or other applicable withholding rates. For tax purposes, the Participant is deemed to have been issued the full number of Shares subject to the vested Award, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of the Participant’s participation in the 2006 SIP.

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11. Delivery of Documents and Notices. Any document relating to participation in the 2006 SIP or any notice required or permitted hereunder shall be given in writing and shall be deemed effectively given (except to the extent that this Agreement provides for effectiveness only upon actual receipt of such notice) upon personal delivery, electronic delivery at the e-mail address, if any, provided for the Participant by the Company or an Affiliate, or upon deposit in the U.S. Post Office, by registered or certified mail, or with a nationally recognized overnight courier service, with postage and fees prepaid, addressed to the other party at the address shown below that party’s signature to this Agreement or at such other address as such party may designate in writing from time to time to the other party.

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12. Severability. The provisions of this Agreement are severable and if any one or more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable.

13. Governing Law; Venue. This Agreement shall be construed, interpreted and enforced in accordance with the laws of the State of Delaware, without regard to its conflict of laws rules. For purposes of litigating any dispute that arises directly or indirectly from the relationship of the

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parties evidenced by this Award or this Agreement, the parties hereby submit to and consent to the exclusive jurisdiction of the State of Texas and agree that such litigation shall be conducted only in the courts of Tarrant County, Texas, or the federal courts for the United States for the State of Texas, and no other courts, where this Award is made and/or to be performed.

14. Imposition of Other Requirements. The Company reserves the right to impose other requirements on the Participant’s participation in the 2006 SIP, on this Award and on any Shares acquired under the 2006 SIP and this Agreement, to the extent the Company determines it is necessary or advisable in order to comply with applicable law or facilitate the administration of the 2006 SIP, and to require the Participant to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. Any conflicts in terms or provisions to the Participant’s individual Agreement as compared to this form of Agreement shall be interpreted in favor of the Participant.

[Signature Page Follows]

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Acceptance. The Participant hereby acknowledges, agrees and accepts the RSUs pursuant to this Agreement.

[Signature Page to Restricted Stock Unit Agreement]

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