Home Depot EVP granted stock options and 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 | $0.00 |
| Grant/Award | $.05 Common Stock | 3,022 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | $.05 Common Stock | 126 | $330.91 | $42K |
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 Jordan Broggi receive in this Form 4 filing?
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