The Home Depot Inc.
08/21/2026 | Press release | Distributed by Public on 08/21/2026 14:14
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As announced on July 30, 2026, The Home Depot, Inc. (the "Company") has recently effected the following executive leadership portfolio responsibility expansions: William D. Bastek, Executive Vice President - Merchandising, assumed responsibility for the Company's product development merchant portfolio, including private brands; Jordan Broggi, Executive Vice President - Interconnected Retail assumed responsibility for the Company's loyalty, credit services, and payments organization; and Richard V. McPhail, Executive Vice President and Chief Financial Officer, assumed responsibility for the Company's Office of Pro Acceleration geared at spearheading coordination across Home Depot Pro, HD Supply, SRS Distribution and Construction Resources.
In connection with the expansion of their responsibilities as described above, on August 20, 2026, the Leadership Development and Compensation Committee of the Company's Board of Directors granted to each of Mr. Bastek, Mr. Broggi, and Mr. McPhail an award of restricted stock having a grant date fair value of $500,000. Each grant will vest on the second anniversary of the grant date, subject to the respective executive's continued employment with the Company through the vesting date.
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