BOYD JEFFERY H 4

What Happened Jeffery H. Boyd, a director of Home Depot (HD), was granted deferred stock awards on May 21, 2026 (transaction code A – award/grant). The filing shows two derivative acquisitions: 796 deferred shares reported at $0.00 and 270.891 deferred stock units reported at $313.78 per unit (totaling $85,000). These are awards/compensation for a non-employee director, not open-market purchases or sales.

Key Details

• Transaction date: May 21, 2026; Form 4 filed May 26, 2026.
• Grants: 796 deferred shares @ $0.00 (derivative) and 270.891 deferred stock units @ $313.78 (derivative) = $85,000.
• Total units granted: 1,066.891 (796 + 270.891).
• Shares owned after the transaction: not disclosed in the Form 4.
• Transaction code: A = Award/Grant (derivative securities).
• Footnotes:
  • F1: The 796 Deferred Shares were granted under the Omnibus Stock Incentive Plan and convert one-for-one into common stock on the earliest of certain events (e.g., first anniversary of director termination, death, retirement/disability, or change in control); vesting occurs at the next annual shareholders meeting.
  • F2: The 270.891 Deferred Stock Units convert one-for-one into common stock following termination of service as described in the Non-Employee Directors' Deferred Stock Compensation Plan.

Context These awards are routine non-employee director compensation and are structured as deferred/derivative units that generally are not immediately tradable. They convert to common stock under specified conditions (and vest at the next shareholder meeting per F1). Because this is an award rather than a purchase or sale, it should be viewed as compensation disclosure rather than a direct insider market-direction signal.