BRENNEMAN GREGORY D 4

What Happened

• Gregory D. Brenneman, a director of Home Depot (HD), was granted deferred equity on 2026-05-21. The filing reports two derivative awards: 796 deferred shares (acquired at $0.00) and 446.173 deferred stock units valued at $313.78 each (total reported value $140,000). These are awards/compensation for board service, not open-market purchases or sales.

Key Details

• Transaction date: 2026-05-21; Form 4 filed: 2026-05-26 (filed 5 days after the transaction).
• Awards reported: 796 Deferred Shares (acquired at $0.00) and 446.173 Deferred Stock Units @ $313.78 = $140,000 (derivative awards).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes:
  • F1: The 796 Deferred Shares were granted under The Home Depot, Inc. Omnibus Stock Incentive Plan and convert one-for-one to common stock upon certain events (e.g., termination, death, retirement, disability, change in control); vesting occurs at the next annual shareholders meeting.
  • F2: The 446.173 Deferred Stock Units convert one-for-one to common stock following termination of service under the Non‑Employee Directors' Deferred Stock Compensation Plan.
• Timeliness: The Form 4 was filed 5 days after the reported transaction date (appears late under the usual two‑business‑day filing rule).

Context

• These awards are deferred compensation for a non-employee director and are derivative (convert to common shares on specified future events). They do not represent immediate share purchases or sales and are commonly used to compensate directors while deferring stock delivery and tax consequences.