Kadre Manuel 4

What Happened

• Manuel Kadre, a Home Depot director, received director compensation in the form of deferred equity on May 21, 2026. The Form 4 reports two derivative awards: 796 deferred shares reported at $0.00 and 191.217 deferred stock units (DSUs) reported at $313.78 per share for a total reported value of $60,000. These are awards (transaction code A), not open-market purchases or sales.

Key Details

• Transaction date: 2026-05-21; Form 4 filed: 2026-05-26 (filed within the required two business days given the Memorial Day holiday on 2026-05-25).
• Awards reported:
  • 796 deferred shares @ $0.00 (derivative; no purchase price reported).
  • 191.217 deferred stock units @ $313.78 = $60,000 (derivative).
• Shares owned following the transaction: not disclosed in the provided filing excerpt.
• Footnotes:
  • F1: The 796 Deferred Shares were granted under the Omnibus Stock Incentive Plan and convert one-for-one to common stock upon specified events (e.g., termination, death, retirement, disability, change in control); vesting occurs at the next annual shareholders meeting.
  • F2: The 191.217 Deferred Stock Units convert one-for-one to common stock following a termination of service per the Non‑Employee Directors' Deferred Stock Compensation Plan.
• Transaction type: Award/Grant (derivative securities), typical non-employee director compensation — not a market signal like an open-market buy or sale.

Context

• These awards are deferred director compensation that convert to common shares only upon certain triggers or vesting events; they do not represent immediate open‑market purchases or sales. Such grants are routine for non-employee directors and are primarily compensation rather than a direct trading signal.