Home Depot Executives, Institutional Investors File Ownership Updates With SEC

A cluster of SEC filings dated March 26 and 27, 2026, put five Home Depot executives and one of the company's largest institutional holders on the disclosure record within a 48-hour window, drawing the kind of attention that occasionally prompts questions on store floors.

The bulk of the March 26 activity was routine annual equity compensation. CEO Edward "Ted" Decker received stock options on 30,192 shares and 11,548 performance-based restricted shares, bringing his direct ownership to 137,793 Home Depot shares following the grant. EVP and Chief Information Officer Angie Brown received 5,896 options alongside 2,255 performance-based restricted shares, with 38 shares withheld by the company to cover tax obligations. EVP John Deaton received 6,451 options and 2,467 performance-based restricted shares; 155 shares were withheld at $330.91 apiece for taxes, a standard administrative step at vesting. EVP Stephanie Smith reported 895 performance shares earned from the fiscal 2023-2025 performance share cycle, with 273 shares withheld at $375.09 for taxes.

All options carry a $332.51 exercise price and expire March 24, 2036. They vest in 25 percent increments annually beginning on the second anniversary of the grant date. The performance-based restricted shares vest 50 percent after 30 months and the remaining 50 percent after 60 months. A key condition attaches to the 2026 tranche: those shares will be forfeited if Home Depot's FY2026 operating profit falls below 90 percent of the target set under the 2026 Management Incentive Plan, directly linking executive equity to the same profitability benchmarks that drive store-level incentive programs.

The institutional filing came a day later. The Vanguard Group filed Amendment No. 11 to its Schedule 13G/A on March 27, signed by Ashley Grim, Head of Global Fund Administration, reporting zero shares and zero percent beneficial ownership of Home Depot common stock. That headline figure is less dramatic than it appears. The amendment traces back to an internal Vanguard realignment effective January 12, 2026, under which certain Vanguard subsidiaries began filing their own separate beneficial ownership reports under SEC Release No. 34-39538. The parent entity's position dropped to zero on paper because the holdings shifted to subsidiary-level filings, not because Vanguard exited the stock.

For managers fielding questions, the practical read on this week's filings is straightforward. The tax-withholding dispositions reported by Brown, Deaton, and Smith are shares kept by the company to satisfy tax liabilities at vesting, not open-market sales initiated by executives. The Vanguard amendment reflects a bookkeeping reorganization. The equity grants themselves are tied to financial targets that connect directly to the operational results associates work toward every quarter. Any broader questions about how these grants affect store compensation programs should be directed to People Services, which holds the authoritative guidance on incentive structures.