Home Depot CFO granted options and shares
Home Depot EVP & CFO Richard V. McPhail reported compensation-related equity awards and routine tax withholding.
Rhea-AI Filing Summary
Home Depot EVP & CFO Richard V. McPhail reported compensation-related equity awards and routine tax withholding. He received 10,378 employee stock options with an exercise price of $332.51 per share, expiring on March 24, 2036, vesting in 25% increments beginning on the second anniversary of the grant date.
McPhail was also granted 3,969 performance-based restricted shares of $.05 common stock that vest 50% after 30 months and 50% after 60 months. The footnotes state the 2026 shares will be forfeited if fiscal 2026 company operating profit is less than 90% of the target under the 2026 Management Incentive Plan. Separately, 514 shares of common stock were disposed of at $330.91 per share to satisfy tax obligations, leaving him with 44,052.4629 shares directly owned immediately after that transaction and 48,021.4629 shares after the subsequent grant.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Options | 10,378 | $0.00 | $0.00 |
| Grant/Award | $.05 Common Stock | 3,969 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | $.05 Common Stock | 514 | $330.91 | $170K |
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 equity awards did Home Depot (HD) CFO Richard McPhail receive?
What are the vesting terms of Richard McPhail’s new Home Depot (HD) stock options?
Under which plan were Richard McPhail’s Home Depot (HD) awards granted?
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