Form 4: Home Depot CFO Sells Shares for Tax Obligations

Home Depot's EVP & CFO, Richard V. McPhail, disposed of 206 common shares to cover tax withholding obligations from a pre-planned transaction.

Summary

• Richard V. McPhail, Executive Vice President and Chief Financial Officer of Home Depot, Inc. (HD), reported a transaction.
• On November 19, 2025, McPhail disposed of 206 shares of Home Depot common stock.
• This disposition was made to the issuer (Home Depot) to satisfy tax withholding obligations.
• The shares were valued at $334.5 per share for this transaction.
• Following this transaction, McPhail beneficially owns 44,561.3463 shares of Home Depot common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) pre-arranged plan.

Sentiment

Score: 5

Explanation: The transaction is a routine insider disposition for tax withholding purposes, executed under a pre-arranged plan. It is neutral in sentiment as it does not reflect a discretionary sale or purchase based on new information about the company's performance or outlook.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-arranged and transparent disposition, which can reduce concerns about insider trading.
• The disposition was for tax withholding purposes, a routine event often associated with the vesting of equity awards, rather than a discretionary sale.

Negatives

• A reduction in direct beneficial ownership, albeit a small amount (206 shares), occurred.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

This is a routine insider transaction for tax withholding purposes and does not provide specific insights into broader industry trends or competitive landscape. Such transactions are common for executives receiving equity compensation.

Comparison to Industry Standards

• This is a routine insider transaction for tax withholding purposes, common across all industries for executives with equity compensation. It does not lend itself to direct comparison with specific companies, projects, or results.

Related Party Transactions

• The disposition of 206 shares to the issuer (Home Depot) to satisfy tax withholding obligations is a related party transaction, common for executive equity compensation.

Stakeholder Impact

• Shareholders: The transaction represents a minor reduction in insider ownership, but it is for tax purposes and pre-planned, so it is unlikely to significantly impact shareholder sentiment.
• Employees: No direct impact on employees is indicated.
• Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated.

Key Dates

Keywords

Home Depot, HD, Richard V. McPhail, EVP & CFO, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Rule 10b5-1, Common Stock