David V. Auld has been the CEO and President of D.R. Horton, Inc., one of America’s leading homebuilders, since 2014. He’s been with the company for over 35 years, starting as a Division President back in 1988 and working his...

Number of Employees

13.45K

Year

2023

Total Compensation

$27.30M

Salary

$700.00K

Board Justification

The compensation philosophy emphasizes performance-based incentives aligned with long-term stockholder value, with a significant portion of total compensation being at risk based on company performance.

Bonus

$0.00

Board Justification

No annual cash bonus was awarded for fiscal 2023; however, a performance-based bonus was tied to pre-tax income, which is reflected in the total compensation.

Other

$79.90K

Board Justification

Includes contributions to the SERP 2 and matching contributions to the 401(k) plan.

Restricted Stock

$26.52M(256.97K RSU)

Board Justification

The vested stock includes time-based restricted stock units and performance restricted stock units that vested during the fiscal year 2023.

Performance Metrics

The performance metrics for the fiscal year included pre-tax income, with bonuses tied to achieving specific financial targets.

SEC Filing

From December 15, 2023

David V. Auld

Ex-CEO of D.R. Horton

DV

Education

Bachelor of Business Administration degree in Accounting from Texas Tech University

Field of Expertise

Finance & Banking - Finance

Born

February 14, 1956 - 68 years ago

Is Founder?

No

Tenure

9 years 0 months (Oct 2014 - Oct 2023)

Previous Experience

Executive Vice President and Chief Operating Officer, Region President overseeing homebuilding operations in Florida, North and South Carolina, Georgia and Alabama