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Home Depot (NYSE: HD) expands 3 exec roles with $500K stock

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

HOME DEPOT, INC. (HD) reported executive leadership responsibility expansions and related equity awards. William D. Bastek, Executive Vice President – Merchandising, now oversees the product development merchant portfolio, including private brands. Jordan Broggi, Executive Vice President – Interconnected Retail, now oversees loyalty, credit services, and payments. Richard V. McPhail, Executive Vice President and Chief Financial Officer, now oversees the Office of Pro Acceleration coordinating Home Depot Pro, HD Supply, SRS Distribution, and Construction Resources.

On August 20, 2026, the Leadership Development and Compensation Committee granted each of Mr. Bastek, Mr. Broggi, and Mr. McPhail restricted stock with a grant date fair value of $500,000. Each grant will vest on the second anniversary of the grant date, subject to the executive’s continued employment through the vesting date.

Positive

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Restricted stock grant date fair value per executive $500,000 Granted on August 20, 2026 to each of three executives
Number of executives receiving awards 3 executives Awards to Bastek, Broggi, and McPhail in connection with expanded roles
Vesting period for restricted stock 2 years Each grant vests on the second anniversary of the August 20, 2026 grant date
restricted stock financial
"granted to each of Mr. Bastek, Mr. Broggi, and Mr. McPhail an award of restricted stock"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
grant date fair value financial
"an award of restricted stock having a grant date fair value of $500,000"
The grant date fair value is the estimated dollar worth of a stock-based award (such as stock options or restricted shares) at the exact moment it is given to an employee or contractor. Investors care because companies use that value to record compensation expenses and to show how much potential ownership and earnings dilution those awards could create—think of it as the price tag placed on a gift card when it is handed over so the company can report the cost now.
continued employment financial
"subject to the respective executive’s continued employment with the Company"
Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.
Leadership Development and Compensation Committee regulatory
"the Leadership Development and Compensation Committee of the Company’s Board of Directors granted"
Office of Pro Acceleration other
"assumed responsibility for the Company’s Office of Pro Acceleration geared at spearheading"

FAQ

What leadership changes did HOME DEPOT, INC. (HD) disclose in this 8-K?
HOME DEPOT, INC. disclosed expanded responsibilities for three executives: William D. Bastek now oversees product development and private brands; Jordan Broggi oversees loyalty, credit services, and payments; and Richard V. McPhail oversees the Office of Pro Acceleration across Home Depot Pro-related businesses.

What equity awards did HD grant to executives on August 20, 2026?
On August 20, 2026, Home Depot’s Leadership Development and Compensation Committee granted each of William D. Bastek, Jordan Broggi, and Richard V. McPhail restricted stock with a grant date fair value of $500,000, in connection with their expanded leadership responsibilities.

What are the vesting terms of the restricted stock awards at HD?
Each restricted stock award for the three executives will vest on the second anniversary of the August 20, 2026 grant date. Vesting is conditioned on the respective executive’s continued employment with Home Depot through the vesting date.

Which Home Depot executive now oversees private brands?
William D. Bastek, Executive Vice President – Merchandising, assumed responsibility for Home Depot’s product development merchant portfolio, including private brands, as part of an expansion of his executive leadership responsibilities announced by the company.

Who at HD is responsible for loyalty, credit services, and payments?
Jordan Broggi, Executive Vice President – Interconnected Retail, assumed responsibility for Home Depot’s loyalty, credit services, and payments organization, reflecting an expansion of his executive portfolio disclosed by the company.

What is the Office of Pro Acceleration at HOME DEPOT, INC. (HD)?
The Office of Pro Acceleration is a Home Depot function geared at spearheading coordination across Home Depot Pro, HD Supply, SRS Distribution, and Construction Resources. Richard V. McPhail, Executive Vice President and Chief Financial Officer, assumed responsibility for this office.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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false000035495000003549502026-08-202026-08-20

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________________
FORM 8-K
__________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): August 20, 2026
__________________
THE HOME DEPOT, INC.
(Exact Name of Registrant as Specified in Charter)
 __________________
Delaware1-820795-3261426
(State or Other Jurisdiction
of Incorporation)		  (Commission
File Number)		  (IRS Employer
Identification No.)
2455 Paces Ferry Road, Atlanta, Georgia 30339
(Address of Principal Executive Offices) (Zip Code)
(770) 433-8211
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
  __________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.05 Par Value Per ShareHDNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


 
Item 5.02  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As announced on July 30, 2026, The Home Depot, Inc. (the “Company”) has recently effected the following executive leadership portfolio responsibility expansions: William D. Bastek, Executive Vice President – Merchandising, assumed responsibility for the Company’s product development merchant portfolio, including private brands; Jordan Broggi, Executive Vice President – Interconnected Retail assumed responsibility for the Company’s loyalty, credit services, and payments organization; and Richard V. McPhail, Executive Vice President and Chief Financial Officer, assumed responsibility for the Company’s Office of Pro Acceleration geared at spearheading coordination across Home Depot Pro, HD Supply, SRS Distribution and Construction Resources.
In connection with the expansion of their responsibilities as described above, on August 20, 2026, the Leadership Development and Compensation Committee of the Company’s Board of Directors granted to each of Mr. Bastek, Mr. Broggi, and Mr. McPhail an award of restricted stock having a grant date fair value of $500,000. Each grant will vest on the second anniversary of the grant date, subject to the respective executive’s continued employment with the Company through the vesting date.

2

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
THE HOME DEPOT, INC.
Date: August 21, 2026By:/s/ Teresa Wynn Roseborough
Name:Teresa Wynn Roseborough
     Title:Executive Vice President, General Counsel and Corporate Secretary
3

Source: View Original Filing on SEC EDGAR

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