Rowe Michael F. 4

What Happened Michael F. Rowe, Executive Vice President, Pro at Home Depot (HD), received equity awards on March 25, 2026: 2,255 performance-based restricted shares (non-derivative) and 5,896 derivative awards (stock-option type award). Both grants are reported as acquisitions at $0.00 per share on the Form 4 (typical for compensation awards) — this is an equity grant (compensation), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-25; Form 4 filed 2026-03-26 (timely).
• Grants: 2,255 shares @ $0.00 (non-derivative); 5,896 shares @ $0.00 (derivative/option-type).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1: The 2,255 performance-based restricted shares vest 50% after 30 months and 50% after 60 months. The 2026 portion will be forfeited if FY2026 Company operating profit is less than 90% of the target under the 2026 Management Incentive Plan.
  • F2: The derivative awards were issued under the company Omnibus Stock Incentive Plan and vest 25% annually beginning on the second anniversary of the grant date.
• Filing timeliness: filed the day after the transaction (appears timely); no late filing indicated.

Context These awards are compensation grants subject to time- and/or performance-based vesting conditions; they do not represent immediate cash proceeds or an open-market purchase. Derivative awards (options) will typically only convert to actual shares if and when vested and exercised according to the plan terms. Performance-based shares can be forfeited if corporate targets are not met, so their final value to the insider depends on future performance and vesting.