Broggi Jordan 4
Research Summary
AI-generated summary
Home Depot (HD) EVP Jordan Broggi Receives 92.556-Share Award
What Happened
- Jordan Broggi, EVP–Customer Experience & President, Online for Home Depot (HD), was granted 92.556 shares (reported as a derivative acquisition) on 2026-01-31. The reporting price per share is $374.59, giving the award a notional value of about $34,671. The transaction is coded as an award/grant (A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-01-31; Report filed: 2026-02-03 (filed within the typical two-business-day window).
- Price used for reporting: $374.59 per share; total reported value ≈ $34,671.
- Shares acquired: 92.556 restoration-plan stock units (derivative award).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote: These units were issued under The Home Depot FutureBuilder Restoration Plan and convert to common stock on a one-for-one basis upon a distribution event (per footnote F1).
- Transaction code meaning: A = Award/Grant (this is compensation-related, not an open-market trade).
Context
- This was a compensation-related award of restoration-plan units (derivative securities) rather than a market purchase or sale. Such units typically convert to actual shares upon a future distribution event and may be subject to plan conditions; they do not necessarily indicate immediate buying or selling activity by the insider.
- The reported value (~$34.7k) is modest for executive compensation awards and should be interpreted as part of routine equity-based pay, not a direct signal of intent to buy or sell HD stock.