BROWN ANGIE 4

What Happened
Angie Brown, Executive Vice President & Chief Information Officer of Home Depot (HD), received awards totaling 8,151 units on March 25, 2026: 2,255 performance-based restricted shares (awarded at $0) and 5,896 derivative awards (issued at $0, reported as derivative). On March 24, 2026 she had 38 shares disposed (tax withholding) at $330.91 each for proceeds of approximately $12,575.

Key Details

• Transactions:
  • 2026-03-24: 38 shares disposed to satisfy tax withholding at $330.91/share — proceeds ≈ $12,575 (code F: payment of tax liability).
  • 2026-03-25: 2,255 shares granted (code A) at $0.00 — recorded as restricted/performance shares.
  • 2026-03-25: 5,896 derivative awards granted (code A) at $0.00 — recorded as options/derivative awards.
• Shares owned after the transactions: not disclosed on the filing.
• Footnotes:
  • F1 (2,255 performance shares): issued under the omnibus plan; vest 50% after 30 months and 50% after 60 months. The 2026 tranche will be forfeited if FY2026 company operating profit is less than 90% of the target under the 2026 Management Incentive Plan.
  • F2 (5,896 derivative awards): stock options under the omnibus plan; vest annually in 25% increments beginning on the second anniversary of the grant date.
• Timeliness: Filing dated Mar 26, 2026 reporting transactions on Mar 24–25, 2026 — appears timely (no late filing noted).

Context

• The 38-share disposal was a tax-withholding event (routine), not an open-market sale — common when restricted shares vest or options are exercised.
• The two grants are compensation awards (performance-based restricted shares and stock options) and do not represent an open-market purchase. Such awards vest over multiple years and are contingent on performance/tenure per the footnotes.