Home Depot EVP granted options and performance shares
HOME DEPOT, INC. executive vice president of merchandising William D. Bastek reported new equity compensation awards and a small tax-related share withholding.
Rhea-AI Filing Summary
HOME DEPOT, INC. executive vice president of merchandising William D. Bastek reported new equity compensation awards and a small tax-related share withholding. He received 9,199 employee stock options with an exercise price of $332.51 per share, expiring on March 24, 2036, which vest in 25% increments starting on the second anniversary of the grant date.
He was also granted 3,518 performance-based restricted shares of $.05 common stock. These vest 50% after 30 months and the remaining 50% after 60 months, and the 2026 tranche will be forfeited if FY2026 operating profit is under 90% of the target under the 2026 Management Incentive Plan. Separately, 160 shares of common stock were withheld at $330.91 per share to cover tax obligations, leaving him with 24,677.9469 shares of common stock held directly after that transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Options | 9,199 | $0.00 | $0.00 |
| Grant/Award | $.05 Common Stock | 3,518 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | $.05 Common Stock | 160 | $330.91 | $53K |
Footnotes (2)
- F1. The performance-based 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. The 2026 shares will be forfeited if FY2026 Company operating profit is not at least 90% of the target established under the 2026 Management Incentive Plan.
- F2. 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.
FAQ
What did Home Depot (HD) EVP William D. Bastek receive in this Form 4 filing?
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