Home Depot Discloses Option Irregularities

Home Depot Inc. said it granted stock options to some executives at below-market prices, making it the biggest company to disclose irregularities in the way it paid executives with the grants.

Home Depot said that in three cases before December 2000 executives received options with an exercise price that was lower than the market price on the day the grants were approved.

Home Depot shares fell 46 cents to $36.91.