---
schema_version: "secwatch.filing_event.v1"
accession: "0000354950-23-000106"
form_type: "8-K"
ticker: "HD"
cik: "0000354950"
company_name: "HOME DEPOT, INC."
filed_at: "2023-04-19T23:59:59+00:00"
generated_at: "2026-06-16T23:57:58.217943+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Home Depot enters severance agreement with departing EVP of Merchandising Kinnaird

## Summary
- Jeffery Kinnaird departed as EVP of Merchandising; severance includes $2M lump sum and 24 monthly payments of $62,500.
- Accelerated vesting of 9,086 stock options and 2,873 RSUs (delivered on original schedule over two years).
- Relocation benefits to Canada, $12,000 healthcare offset, 5 years tax prep, 12 months outplacement.
- Non-compete and non-solicitation for 24 months; all other unvested equity forfeited; subject to release.

## SEC filing metadata
- accession: 0000354950-23-000106
- form_type: 8-K
- ticker: HD
- cik: 0000354950
- company_name: HOME DEPOT, INC.
- filed_at: 2023-04-19T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354950/000035495023000106/0000354950-23-000106-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/354950/000035495023000106/hd-20230417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000354950-23-000106
- JSON: https://secwatch.observer/filing/0000354950-23-000106.json
- Plain text: https://secwatch.observer/filing/0000354950-23-000106.txt

## Key facts
- Executive change
  Jeffery Kinnaird departed as executive vice president of Merchandising at HOME DEPOT, INC..
  - Action: departed
  - Role: executive vice president of Merchandising
  source text: On April 17, 2023, The Home Depot, Inc. (the “Company”) and Jeffery Kinnaird, former executive vice president of Merchandising of the Company, entered into a severance agreement in connection with Mr. Kinnaird’s departure from the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/354950/000035495023000106/0000354950-23-000106-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.