Form 4: Home Depot Director Ari Bousbib Increases Stake Through Deferred Stock Awards

Home Depot Director Ari Bousbib reported the acquisition of deferred shares and deferred stock units as part of his compensation, increasing his beneficial ownership in the company.

Summary

• Ari Bousbib, a Director of Home Depot, Inc. (HD), reported changes in his beneficial ownership of the company's securities.
• On May 22, 2025, Mr. Bousbib acquired 669 Deferred Shares, which convert to common stock on a one-for-one basis upon specific events such as termination of service, death, retirement, disability, or a change in control of the company.
• These Deferred Shares were granted under The Home Depot, Inc. Omnibus Stock Incentive Plan, as amended and restated May 19, 2022, and had an acquisition price of $0.
• Additionally, on May 22, 2025, Mr. Bousbib acquired 204.8449 Deferred Stock Units at a price of $366.13 per unit, totaling approximately $75,000.
• These Deferred Stock Units convert to common stock on a one-for-one basis following a termination of service, as per The Home Depot, Inc. NonEmployee Directors' Deferred Stock Compensation Plan.
• Following these transactions, Mr. Bousbib beneficially owns 87,616.0185 Deferred Shares and 22,750.1539 Deferred Stock Units.

Sentiment

Score: 7

Explanation: The sentiment is positive as it indicates a director's increased stake and alignment with shareholder interests through routine compensation, but it is not a significant market-moving event.

Positives

• The acquisition of deferred shares and stock units by a director indicates continued alignment of management's interests with those of shareholders.
• The grants are part of a structured compensation plan, reflecting ongoing commitment to director incentives.

Future Outlook

This filing does not contain forward-looking statements regarding the company's financial performance or strategic outlook, focusing solely on insider ownership changes.

Industry Context

The granting of deferred shares and stock units to directors is a common practice across various industries, including retail, to align the interests of board members with long-term shareholder value. This filing reflects standard corporate governance and compensation practices for non-employee directors.

Corporate Governance

Related Party Transactions

• The acquisition of deferred shares and stock units by Ari Bousbib, a director, constitutes a related party transaction as it involves compensation provided by the company to an insider.

Stakeholder Impact

• Shareholders: The increase in director ownership through compensation aligns the director's financial interests with those of shareholders, potentially fostering better long-term decision-making.
• Employees: No direct impact on employees is indicated by this filing.

Next Steps

• The Deferred Shares will convert to common stock upon the earliest of the first anniversary of the director's termination of service, the director's death, retirement or disability, or a change in control of the Company.
• The Deferred Stock Units will convert to common stock following a termination of service as described in the NonEmployee Directors' Deferred Stock Compensation Plan.

Key Dates

Keywords

Home Depot, HD, Form 4, Insider Transaction, Director Compensation, Deferred Shares, Deferred Stock Units, Stock Incentive Plan, Beneficial Ownership