Broggi Jordan 4

What Happened
Jordan Broggi, EVP — Customer Experience & President, Online at Home Depot (HD), reported a small share disposition on 2026-03-24 and new equity awards on 2026-03-25. Broggi disposed of 126 shares at $330.91 each for a total of $41,695 (transaction code F — payment of exercise price or tax liability). On 2026-03-25 Broggi was granted 3,022 shares (award, $0 cash paid) and 7,901 derivative awards (grants reported at $0).

Key Details

• Sale / withholding: 126 shares @ $330.91 on 2026-03-24 for $41,695 (code F — likely tax withholding/payment).
• Grants: 3,022 shares (award) and 7,901 derivative awards reported on 2026-03-25 (both reported at $0 cash).
• Vesting/conditions (from footnotes):
  • Performance-based restricted shares: typically vest 50% after 30 months and 50% after 60 months; 2026 shares may be forfeited if FY2026 operating profit is below 90% of target (footnote F1).
  • Stock options: vest annually in 25% increments beginning on the second anniversary of the grant (footnote F2).
• Shares owned after the transactions: not specified in the provided excerpt — see the full Form 4 for total beneficial ownership.
• Filing timeliness: Form filed 2026-03-26 for transactions on 2026-03-24–03-25 (appears timely).

Context

• The 126-share disposition is coded F, which commonly means shares were withheld/sold to satisfy tax withholding on vesting — a routine administrative transaction rather than an open-market sale for investment reasons.
• The 3,022 awards and 7,901 derivative awards are grants (not open-market purchases). One set appears to be restricted/performance-based shares with forfeiture conditions; the other are derivative awards (options) with multi-year vesting.
• Awards and option grants are common executive compensation; they don’t directly indicate the insider’s near-term trading intent. For a full picture, check the complete Form 4 for total holdings and any related disclosures.