Home Depot (NYSE: HD) director receives deferred stock and share grants
Filing Impact
Filing Sentiment
Form Type
4
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
2 transactions reported
Mixed
2 txns
Insider
Hewett Wayne M.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Shares | 796 | $0.00 | -- |
| Grant/Award | Deferred Stock Units | 270.891 | $313.78 | $85K |
Holdings After Transaction:
Deferred Shares — 19,424.134 shares (Direct, null);
Deferred Stock Units — 2,573.85 shares (Direct, null)
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
Deferred Stock Units granted: 270.8908 units at $313.7800
Deferred Stock Units holding: 2,573.8504 units
Deferred Shares granted: 796.0000 shares
+2 more
5 metrics
Deferred Stock Units granted
270.8908 units at $313.7800
Grant to director Wayne M. Hewett on May 21, 2026
Deferred Stock Units holding
2,573.8504 units
Total Deferred Stock Units after transaction
Deferred Shares granted
796.0000 shares
Deferred Shares award on May 21, 2026
Deferred Shares holding
19,424.1340 shares
Total Deferred Shares after transaction
Conversion ratio
1:1 to common stock
Both Deferred Shares and Deferred Stock Units
Key Terms
Deferred Stock Units, Deferred Shares, Omnibus Stock Incentive Plan, change in control, +1 more
5 terms
Deferred Stock Units financial
"The Deferred Stock Units convert to shares of Common Stock on a one-for-one basis following a termination of service..."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Omnibus Stock Incentive Plan financial
"granted under The Home Depot, Inc. Omnibus Stock Incentive Plan, as amended and restated May 19, 2022..."
change in control financial
"convert to shares of Common Stock... upon... a change in control of the Company."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
NonEmployee Directors' Deferred Stock Compensation Plan financial
"described in The Home Depot, Inc. NonEmployee Directors' Deferred Stock Compensation Plan."
FAQ
What did Home Depot (HD) director Wayne M. Hewett receive in this Form 4?
Wayne M. Hewett received equity-based compensation, not open-market trades. He was granted 270.8908 Deferred Stock Units at $313.7800 each and 796.0000 Deferred Shares, all tied to Home Depot common stock on a one-for-one conversion basis.
Are Wayne Hewett’s Home Depot (HD) transactions open-market buys or sells?
The transactions are compensation-related grants, not open-market buys or sells. Both awards are coded "A" for grant or award, reflecting deferred stock units and deferred shares that convert into common stock under the company’s director compensation plans.
When do Wayne Hewett’s Deferred Stock Units in Home Depot (HD) convert to common stock?
The Deferred Stock Units convert to Home Depot common stock on a one-for-one basis following termination of board service. This is governed by The Home Depot, Inc. NonEmployee Directors' Deferred Stock Compensation Plan detailed in the filing footnotes.
How many deferred awards does Wayne Hewett hold after these Home Depot (HD) grants?
After these grants, Wayne Hewett directly holds 2,573.8504 Deferred Stock Units and 19,424.1340 Deferred Shares. Both types of awards are tied one-for-one to Home Depot common stock, providing equity-based compensation linked to the company’s share performance.
What plans govern Wayne Hewett’s deferred awards at Home Depot (HD)?
The Deferred Shares were granted under The Home Depot, Inc. Omnibus Stock Incentive Plan, as amended and restated May 19, 2022. The Deferred Stock Units convert under The Home Depot, Inc. NonEmployee Directors' Deferred Stock Compensation Plan for non-employee directors.