Rowe Michael F. 4

What Happened
Michael F. Rowe, an Executive Vice President at Home Depot, reported a disposition of 714.12 phantom stock units (a derivative interest) on 2026-05-28. The Form 4 lists the transaction as an "other acquisition or disposition (J)" and shows the units were disposed, but no per-share price or total dollar value is provided.

Key Details

• Transaction date: 2026-05-28 (Form filed 2026-05-29). Filing appears timely.
• Security type: Phantom stock units (derivative interest in a unitized issuer stock fund comprised of stock and cash).
• Amount disposed: 714.12 units. Price and total proceeds: not disclosed (N/A).
• Shares/units owned after transaction: not disclosed in this filing.
• Footnotes:
  • The number of phantom units can vary based on the mix of cash and stock in the unitized fund (F1).
  • The units were subject to non‑discretionary liquidation upon the reporting person’s separation from service from a Canadian affiliate (F2).

Context
This was a disposition of phantom/derivative units rather than an open‑market sale of common shares. Phantom stock units represent a contractual interest tied to a fund of Home Depot stock and cash; per the filing notes, changes in that fund’s cash/stock mix affect unit counts and these units were subject to non‑discretionary liquidation on separation from service. Such derivative dispositions are procedural and don’t necessarily reflect the insider’s view on the company’s stock.