Lowe’s EVP Filipponi holds 6,715 shares, options
EVP Adam D. Filipponi reports initial LOW holdings, including 6,715 common shares and two non-qualified stock option grants.
Rhea-AI Filing Summary
LOWES COMPANIES INC (LOW) reported the initial ownership position of executive vice president of Strategy & Business Development Adam D. Filipponi on a Form 3. He directly holds 6,715 shares of common stock and two non-qualified stock option awards tied to the company’s common shares.
One option covers 290 shares at an exercise price of $202.40 per share, vesting in three annual installments beginning on April 1, 2023, and expiring on April 2, 2032. The other covers 1,044 shares at an exercise price of $199.97, vesting in three annual installments beginning on April 1, 2024, and expiring on April 1, 2033.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Filipponi Adam D
Role
EVP, Strategy & Business Dev
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Non-Qualified Stock Option (right to buy) F1 | -- | -- | -- |
| holding | Non-Qualified Stock Option (right to buy) F2 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 1,334 contracts (Direct);
Common Stock — 6,715 shares (Direct)
Footnotes (2)
- F1. The option vested in three annual installments beginning on April 1, 2023.
- F2. The option vested in three annual installments beginning on April 1, 2024.
Key Figures
Direct common shares held: 6,715 shares
First option exercise price: $202.40 per share
First option underlying shares: 290 shares
+4 more
7 metrics
Direct common shares held
6,715 shares
Common stock directly owned by Adam D. Filipponi after the reported holdings as of September 1, 2026
First option exercise price
$202.40 per share
Non-qualified stock option covering 290 underlying common shares, expiring April 2, 2032
First option underlying shares
290 shares
Common shares underlying the option vesting in three annual installments beginning April 1, 2023
Second option exercise price
$199.97 per share
Non-qualified stock option covering 1,044 underlying common shares, expiring April 1, 2033
Second option underlying shares
1,044 shares
Common shares underlying the option vesting in three annual installments beginning April 1, 2024
First option expiration date
April 2, 2032
Expiration of option with a $202.40 exercise price
Second option expiration date
April 1, 2033
Expiration of option with a $199.97 exercise price
Key Terms
Non-Qualified Stock Option, underlying security, vesting
3 terms
Non-Qualified Stock Option financial
"Non-Qualified Stock Option (right to buy) tied to common stock"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
underlying security financial
"underlying security shares are common stock covered by the option"
vesting financial
"The option vested in three annual installments beginning on April 1, 2023."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What does LOWES COMPANIES INC (LOW) disclose in this Form 3 for Adam D. Filipponi?
The filing reports initial ownership for executive Adam D. Filipponi, including 6,715 common shares held directly and two non-qualified stock option awards tied to LOW common stock.
What are the key terms of Adam D. Filipponi’s first non-qualified stock option in LOW?
One option gives the right to buy 290 LOW common shares at an exercise price of $202.40 per share, vesting in three annual installments beginning on April 1, 2023, and expiring on April 2, 2032.
What are the key terms of the second non-qualified stock option reported by LOW for Adam D. Filipponi?
The second option covers 1,044 LOW common shares at an exercise price of $199.97 per share, vesting in three annual installments beginning on April 1, 2024, and expiring on April 1, 2033.
Does this LOW (LOWES COMPANIES INC) Form 3 report any stock purchases or sales by Adam D. Filipponi?
No. The Form 3 reports holdings only: common shares and stock options. There are no reported purchases or sales, only the existing equity and option positions as of September 1, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
