Home Depot (NYSE: HD) director receives deferred stock and share grants
Rhea-AI Filing Summary
HOME DEPOT, INC. director Wayne M. Hewett received equity-based compensation in the form of deferred awards rather than making any open-market trades. He was granted 270.8908 Deferred Stock Units at $313.7800 per unit and 796.0000 Deferred Shares, each convertible into one share of common stock. The Deferred Shares vest on the date of the next annual shareholders meeting and convert upon specified events such as termination of board service, death, retirement, disability, or a change in control, while the Deferred Stock Units convert after termination of service under the non-employee directors’ deferred compensation plan. Following these grants, he holds 2,573.8504 Deferred Stock Units and 19,424.1340 Deferred Shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Shares | 796 | $0.00 | -- |
| Grant/Award | Deferred Stock Units | 270.891 | $313.78 | $85K |
Footnotes (1)
- The Deferred Shares were granted under The Home Depot, Inc. Omnibus Stock Incentive Plan, as amended and restated May 19, 2022, and convert to shares of Common Stock on a one-for-one basis upon the earliest of (i) the first anniversary of the director's termination of service as a Board member, (ii) the date of the director's death, retirement or disability, or (iii) the date of a change in control of the Company. Vesting of shares occurs on the date of the next annual shareholders meeting. The Deferred Stock Units convert to shares of Common Stock on a one-for-one basis following a termination of service as described in The Home Depot, Inc. NonEmployee Directors' Deferred Stock Compensation Plan.
Key Figures
Key Terms
Deferred Stock Units financial
Omnibus Stock Incentive Plan financial
change in control financial
NonEmployee Directors' Deferred Stock Compensation Plan financial
AI-generated analysis. How Rhea-AI works. Not financial advice.