HD Form 4: Angie Brown Sells 1,000 Shares, Receives 628 Restricted Shares

Rhea-AI Filing Summary

Angie Brown, Executive Vice President & Chief Information Officer of Home Depot (HD), reported multiple transactions on Form 4. On 08/20/2025 she was recorded exercising or acquiring 1,000 employee stock options at an exercise price of $181.76 and selling 1,000 common shares at $404.07, leaving 3,836.6913 shares owned. On 08/21/2025 she received 628 restricted shares issued under the company Omnibus Stock Incentive Plan (vests 50% after 30 months and 50% after 60 months). The filing also shows previously exercised options and additional option grants exercisable through 2035, with ownership shown as direct.

Insights

Securities Analyst

TL;DR: Insider exercised options, sold shares, and received restricted stock—routine executive compensation activity with limited immediate market impact.

The filing documents standard executive compensation actions: option exercises, a share sale, and issuance of restricted stock under the Omnibus Stock Incentive Plan. The sale of 1,000 shares on 08/20/2025 partially offsets shares acquired via exercise that same day, leaving direct ownership of 4,464.6913 shares following the restricted-stock grant. These transactions are consistent with liquidity/compensation management rather than a material change in control or corporate strategy.

Corporate Governance Expert

TL;DR: Transactions align with compensation practices; restricted shares have multi-year vesting, which supports executive retention.

The restricted shares issued on 08/21/2025 carry time-based vesting (50% after 30 months, remainder after 60 months), indicating retention-focused incentives. Option grants with staggered vesting through 2035 further align long-term incentives with shareholder interests. The disclosure is complete regarding vesting schedules and direct ownership; no irregularities or unexplained transfers are shown.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BROWN ANGIE

(Last) (First) (Middle)

2455 PACES FERRY RD, SE

(Street)

ATLANTA GA 30339

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HOME DEPOT, INC. [ HD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & CIO

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
$.05 Common Stock	08/20/2025		M		1,000	A	$181.76	4,836.6913	D
$.05 Common Stock	08/20/2025		S		1,000	D	$404.07	3,836.6913	D
$.05 Common Stock	08/21/2025		A		628(1)	A	$0	4,464.6913	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Options	$181.76	08/20/2025		M			1,000	(2)	03/24/2030	$.05 Common Stock	1,000	$0	402	D
Employee Stock Options	$397.7	08/21/2025		A		2,516		(3)	08/20/2035	$.05 Common Stock	2,516	$0	2,516	D

Explanation of Responses:

1. The restricted shares were issued under The Home Depot, Inc. Omnibus Stock Incentive Plan, as amended and restated May 19, 2022 and vest 50% after 30 months and the remaining 50% after 60 months.

2. The options have vested in their entirety and are fully exercisable.

3. The stock options were issued under The Home Depot, Inc. Omnibus Stock Incentive Plan, as amended and restated May 19, 2022 and vest annually in 25% increments beginning on the second anniversary of the grant date.

Remarks:

	/s/ Stephanie Bignon, Attorney-in-Fact for Angie Brown	08/22/2025
	** Signature of Reporting Person	Date
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