The Home Depot, Inc. filed an 8-K with the SEC on August 21, 2026, disclosing restricted stock grants and expanded portfolio responsibilities for three executive vice presidents, effective August 20, 2026.

Key Highlights

  • Three executives received grants: William D. Bastek, Jordan Broggi, and Richard V. McPhail each received a restricted stock award with a grant date fair value of $500,000.
  • Vesting schedule: Each grant vests on the second anniversary of the August 20, 2026 grant date, subject to continued employment through the vesting date.
  • Bastek's expanded role: As Executive Vice President - Merchandising, he assumed responsibility for the company's product development merchant portfolio, including private brands.
  • Broggi's expanded role: As Executive Vice President - Interconnected Retail, he assumed responsibility for loyalty, credit services, and payments organization.
  • McPhail's expanded role: As Executive Vice President and Chief Financial Officer, he assumed responsibility for the Office of Pro Acceleration, coordinating across Home Depot Pro, HD Supply, SRS Distribution, and Construction Resources.
  • Grants authorized by committee: The Leadership Development and Compensation Committee of the company's Board of Directors approved the awards.

Home Depot Expands Executive Responsibilities and Issues Equity Awards

According to the filing, The Home Depot, Inc. (NYSE:HD) reported leadership portfolio expansions that were originally announced on July 30, 2026. The company disclosed that three executive vice presidents took on additional areas of responsibility, with restricted stock awards granted on August 20, 2026, in connection with those expansions.

The filing states that 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, took on oversight of the company's loyalty, credit services, and payments organization. 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," according to the filing's direct language.

The Leadership Development and Compensation Committee of the company's Board of Directors granted each executive a restricted stock award with a grant date fair value of $500,000. The filing specifies that each award will vest on the second anniversary of the grant date, contingent on the respective executive's continued employment with the company through that vesting date. The filing was signed by Teresa Wynn Roseborough, Executive Vice President, General Counsel and Corporate Secretary, on August 21, 2026.

What Was Disclosed

The Home Depot disclosed expanded leadership responsibilities for three executive vice presidents and corresponding restricted stock grants of $500,000 each, approved by the Leadership Development and Compensation Committee and vesting two years from August 20, 2026.