[Form 4] Home Depot, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Stephanie Smith, Executive Vice President—Human Resources at Home Depot (HD), reported acquisitions on 08/21/2025. She was issued 628 restricted shares under The Home Depot, Inc. Omnibus Stock Incentive Plan at a reported price of $0; those restricted shares vest 50% after 30 months and the remainder after 60 months. On the same date she acquired 2,516 employee stock options with a listed conversion/exercise price of $397.7 and an expiration date shown as 08/20/2035. The Form 4 shows 5,213.7941 shares beneficially owned following the restricted-share transaction and 2,516 options held after the reported grant. The filing was signed by an attorney-in-fact on 08/22/2025.

Positive

• Transparent disclosure of equity awards and vesting schedules under the Omnibus Stock Incentive Plan
• Executive retention focus: RSUs vest over 30 and 60 months, reinforcing multi-year alignment
• Options include explicit expiration and vesting terms, improving clarity for shareholders

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider received 628 RSUs and 2,516 options; vesting schedules and exercise terms are disclosed.

The filing documents a routine equity compensation grant to an executive officer rather than a market sale or purchase. The 628 restricted shares vest in two tranches (30 and 60 months), which aligns with multi-year retention incentives. The 2,516 options carry a conversion/exercise price listed as $397.7 and an expiration date of 08/20/2035, with vesting in annual 25% increments beginning on the second anniversary per the plan note. For investors, these are company compensation actions and do not reflect a cash transfer affecting current public float; the filing quantifies incremental insider ownership.

Corporate Governance Expert

TL;DR: Equity grants follow the company’s Omnibus Plan with standard multi-year vesting; disclosure is complete on vesting and plan origin.

The Form 4 cites The Home Depot, Inc. Omnibus Stock Incentive Plan, amended May 19, 2022, as the grant source and provides explicit vesting terms for both restricted shares and options. The restricted shares vest 50% at 30 months and 50% at 60 months; options vest 25% annually starting on the second anniversary. The filing appears to comply with Section 16 reporting requirements and includes an attorney-in-fact signature dated 08/22/2025.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

SMITH STEPHANIE

(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 - Human Resources

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

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	08/21/2025		A		628(1)	A	$0	5,213.7941	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	$397.7	08/21/2025		A		2,516		(2)	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 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 Stephanie Smith	08/22/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What equity did Stephanie Smith acquire according to the Form 4 for HD?

She was issued 628 restricted shares and granted 2,516 employee stock options on 08/21/2025.

What are the vesting terms for the restricted shares in the Form 4?

The restricted shares vest 50% after 30 months and the remaining 50% after 60 months.

What exercise price and expiration are listed for the options granted to Stephanie Smith?

The Form 4 lists a conversion/exercise price of $397.7 and an expiration date of 08/20/2035 for the 2,516 options.

How many shares does the Form 4 report as beneficially owned after the transaction?

The Form 4 reports 5,213.7941 shares beneficially owned following the reported non-derivative transaction and 2,516 derivative securities (options) held.

Under which plan were the awards issued?

Both the restricted shares and stock options were issued under The Home Depot, Inc. Omnibus Stock Incentive Plan, as amended and restated May 19, 2022.