Hewett Wayne M. 4

What Happened
Wayne M. Hewett, a director of Home Depot (HD), was granted two types of deferred/derivative awards on May 21, 2026: 796 Deferred Shares (no dollar price shown) and 270.891 Deferred Stock Units valued at $85,000 (price implied $313.78 per unit). Both grants are coded as awards (Form 4 code A) and are derivative—they are not open-market purchases or sales.

Key Details

• Transaction date: 2026-05-21; Form 4 filed 2026-05-26 (appears to be filed late by one business day).
• Grants: 796 Deferred Shares @ $0.00 (derivative); 270.891 Deferred Stock Units @ $313.78 = $85,000 (derivative).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1: The 796 Deferred Shares were granted under the Omnibus Stock Incentive Plan; they convert one-for-one to common stock upon the earliest of certain termination/change-in-control events and vest on the date of the next annual shareholders meeting.
  • F2: The 270.891 Deferred Stock Units convert one-for-one to common stock following termination of service per the Non-Employee Directors' Deferred Stock Compensation Plan.
• Filing timeliness: filed 5 days after the transaction date (filed May 26 for a May 21 grant); Form 4s are normally required within two business days, so this appears late.

Context

• These awards are director compensation and are deferred/derivative in nature, meaning they are subject to vesting/conversion rules and are not immediate open-market buys or sales. Such grants are routine for non-employee directors and do not by themselves indicate the director is buying or selling stock for personal trading purposes.