Home Depot (NYSE: HD) director receives new deferred stock awards
Rhea-AI Filing Summary
HOME DEPOT, INC. director Paula Santilli reported compensation-related equity awards rather than market trades. She received 191.2168 Deferred Stock Units at a reference price of $313.78 per unit and 796 Deferred Shares, each tied to an equal number of Home Depot common shares.
After these awards, she holds 950.5937 Deferred Stock Units and 4,210.9413 Deferred Shares directly. The Deferred Shares were granted under The Home Depot, Inc. Omnibus Stock Incentive Plan and convert into common stock on a one-for-one basis upon specified events such as termination of board service, death, retirement, disability, or a change in control, with vesting on the date of the next annual shareholders meeting.
The Deferred Stock Units also convert one-for-one into common stock following a termination of service as described in The Home Depot, Inc. NonEmployee Directors' Deferred Stock Compensation Plan. These awards function as long-term, deferred equity compensation for a non-employee director rather than immediate purchases or sales on the open market.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Shares | 796 | $0.00 | -- |
| Grant/Award | Deferred Stock Units | 191.217 | $313.78 | $60K |
Footnotes (1)
- The Deferred Shares were granted under The Home Depot, Inc. Omnibus Stock Incentive Plan, as amended and restated May 19, 2022, and convert to shares of Common Stock on a one-for-one basis upon the earliest of (i) the first anniversary of the director's termination of service as a Board member, (ii) the date of the director's death, retirement or disability, or (iii) the date of a change in control of the Company. Vesting of shares occurs on the date of the next annual shareholders meeting. The Deferred Stock Units convert to shares of Common Stock on a one-for-one basis following a termination of service as described in The Home Depot, Inc. NonEmployee Directors' Deferred Stock Compensation Plan.