Home Depot EVP Pro Michael Rowe Reports Ownership Changes in SEC Filing

Michael F. Rowe, Home Depot's Executive Vice President of Pro, reported equity compensation activity involving the company's common stock, acquiring 729 shares at $0.00 per share as a grant representing performance shares earned upon vesting of a Fiscal 2023-2025 performance share award, while 226 shares were simultaneously disposed of at $375.09 per share to cover tax obligations through delivery of shares.

After the grant and tax-withholding disposition, Rowe directly owns 5,415.7778 shares of Home Depot common stock, reflecting his updated position following the vesting of the performance share awards. The Form 4 was filed with the Securities and Exchange Commission on March 26, 2026, covering transactions executed the prior day.

The shares used to satisfy tax obligations do not represent an open-market purchase or sale of stock, a distinction that matters for anyone tracking executive sentiment. Form 4 requires disclosure of many changes in insider ownership, including tax-withholding dispositions; when shares are delivered to cover tax liabilities, it still alters the insider's holdings, so the event must be reported even though it is not a discretionary trade.

Rowe serves as executive vice president of Pro for The Home Depot, responsible for the company's strategy to deliver a differentiated value proposition to professional customers and grow market share. In the role, he leads the development and expansion of the Pro Ecosystem, including reliable delivery, a professionalized sales force, digital experiences, order management, trade credit, and CRM.

From 2020 to early 2025, Rowe served as president of The Home Depot Canada, where he oversaw the strategic direction and operation of 182 stores and over 30,000 associates before stepping into the EVP Pro role. He joined The Home Depot in 2006.

The Pro segment is central to Home Depot's near-term growth agenda. Rowe has characterized 2026 as a pivotal year in the company's effort to win a bigger slice of the Pro market, citing a forthcoming preferred pricing program to better compete against wholesalers and a comprehensive online dashboard that monitors Pros' orders, upcoming deliveries, and past purchases. The equity vesting tied to the Fiscal 2023-2025 performance cycle reflects how that longer-term strategic push is now being settled on the books for executives whose compensation is directly tied to how well the Pro business has grown.