Home Depot (NYSE: HD) director granted new deferred stock and share awards
Rhea-AI Filing Summary
HOME DEPOT, INC. director Gregory D. Brenneman reported compensation-related equity awards rather than open-market trades. He received 446.1728 Deferred Stock Units and 796 Deferred Shares, each convertible into an equal number of common shares.
The Deferred Shares were granted under The Home Depot, Inc. Omnibus Stock Incentive Plan and vest on the date of the next annual shareholders meeting, then convert one-for-one into common stock upon certain events such as termination of board service, death, retirement, disability, or a change in control. The Deferred Stock Units also convert one-for-one into common stock following termination of service under the NonEmployee Directors' Deferred Stock Compensation Plan. After these awards, he holds 42,463.2167 Deferred Stock Units and 109,552.5692 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 | 446.173 | $313.78 | $140K |
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.