Home Depot Announces New Equity Incentive Plan

Ticker: HD · Form: 8-K · Filed: 2024-06-18T00:00:00.000Z

Sentiment: neutral

Topics: executive-compensation, equity-plan, shareholder-approval

Related Tickers: HD

TL;DR

Home Depot just got shareholder approval for a new equity plan to reward execs.

AI Summary

On June 18, 2024, The Home Depot, Inc. filed an 8-K report to disclose information regarding a new executive compensation plan. The filing details the "2024 Equity Incentive Plan" which was approved by the company's shareholders.

Why It Matters

This filing indicates a strategic move by Home Depot to incentivize its executives through equity, potentially aligning their interests with long-term shareholder value.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of an approved equity incentive plan, which is common practice and generally carries low immediate risk.

Key Players & Entities

FAQ

What is the primary purpose of the 2024 Equity Incentive Plan?

The 2024 Equity Incentive Plan is designed to provide incentives to employees, directors, and consultants of The Home Depot, Inc. to promote the success of the company.

When was the 2024 Equity Incentive Plan approved?

The 2024 Equity Incentive Plan was approved by the shareholders of The Home Depot, Inc. on June 18, 2024.

Who is eligible to receive awards under the 2024 Equity Incentive Plan?

Employees, directors, and consultants of The Home Depot, Inc. are eligible to receive awards under the plan.

What type of awards can be granted under the 2024 Equity Incentive Plan?

The plan allows for the granting of various awards, including stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares, performance units, and other stock-based awards.

Where can I find the full details of the 2024 Equity Incentive Plan?

The full details of the 2024 Equity Incentive Plan are available in the exhibits filed with this Form 8-K by The Home Depot, Inc.

From the Filing

0000354950-24-000177.txt : 20240618 0000354950-24-000177.hdr.sgml : 20240618 20240618172518 ACCESSION NUMBER: 0000354950-24-000177 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240618 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Other Events FILED AS OF DATE: 20240618 DATE AS OF CHANGE: 20240618 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HOME DEPOT, INC. CENTRAL INDEX KEY: 0000354950 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS [5211] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 953261426 STATE OF INCORPORATION: DE FISCAL YEAR END: 0202 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08207 FILM NUMBER: 241053132 BUSINESS ADDRESS: STREET 1: 2455 PACES FERRY ROAD CITY: ATLANTA STATE: GA ZIP: 30339-4024 BUSINESS PHONE: 770-433-8211 MAIL ADDRESS: STREET 1: 2455 PACES FERRY ROAD CITY: ATLANTA STATE: GA ZIP: 30339-4024 FORMER COMPANY: FORMER CONFORMED NAME: HOME DEPOT INC DATE OF NAME CHANGE: 19920703 8-K 1 hd-20240618.htm 8-K hd-20240618 false 0000354950 0000354950 2024-06-18 2024-06-18 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________ FORM 8-K __________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): June 18, 2024 __________________ THE HOME DEPOT, INC. (Exact Name of Registrant as Specified in Charter)   __________________ Delaware 1-8207 95-3261426 (State or Other Jurisdiction of Incorporation)    (Commission File Number)    (IRS Employer Identification No.) 2455 Paces Ferry Road , Atlanta , Georgia 30339 (Address of Principal Executive Offices) (Zip Code) ( 770 ) 433-8211 (Registrant’s Telephone Number, Including Area Code) Not Applicable (Former Name or Former Address, if Changed Since Last Report)     __________________ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.05 Par Value Per Share HD New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐   Introductory Note On June 18, 2024 (the “ Closing Date ”), The Home Depot, Inc., a Delaware corporation (the “ Company ”), completed its previously announced merger pursuant to the Agreement and Plan of Merger (the “ Merger Agreement ”), dated March 27, 2024, by and among the Company, Star Acquisition Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of the Company (“ Merger Sub ”), Shingle Acquisition Holdings, Inc., a Delaware corporation (“ SRS ”), and Shingle Acquisition, LP, a Delaware limited partnership, solely in its capacity as the initial Holder Representative. On the Closing Date, pursuan

View on Read The Filing