Home Depot (NYSE: HD) EVP Broggi granted options and performance-based shares
Rhea-AI Filing Summary
HOME DEPOT, INC. Executive Vice President Jordan Broggi reported routine equity compensation awards. He received 7,901 employee stock options exercisable at $332.51 per share, expiring in 2036, and 3,022 shares of $.05 common stock as performance-based restricted stock.
The performance-based restricted shares vest 50% after 30 months and 50% after 60 months, and the 2026 portion will be forfeited if FY2026 company operating profit is less than 90% of the target set under the 2026 Management Incentive Plan. The options vest in 25% annual increments beginning on the second anniversary of the grant date.
To cover tax obligations, 126 shares of common stock were withheld at $330.91 per share. After these transactions, Broggi directly holds about 9,428.8072 shares of common stock. No open-market purchases or sales were reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Options | 7,901 | $0.00 | -- |
| Grant/Award | $.05 Common Stock | 3,022 | $0.00 | -- |
| Tax Withholding | $.05 Common Stock | 126 | $330.91 | $42K |
Footnotes (1)
- 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. 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 Jordan Broggi receive in this Form 4 filing?
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