Lowe's (NYSE: LOW) director granted 1,003 deferred stock units as board compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lowe's Companies director SCOTT BERTRAM L received a grant of 1,003 Deferred Stock Units, each tied to one share of Lowe's common stock. These units were awarded at a stated price of $0.00 as part of director compensation.
The Deferred Stock Units will be 100% vested on the earlier of the first anniversary of the grant date or the day immediately before Lowe's 2027 Annual Meeting of Shareholders. After the director’s board service ends, each unit converts into one share of common stock. Following this grant, the director holds a total of 17,120.967 Deferred Stock Units, which includes credited dividends under Lowe's 2006 Long Term Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SCOTT BERTRAM L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 1,003 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 17,120.967 shares (Direct, null)
Footnotes (1)
- The Deferred Stock Units shall be 100% vested on the earlier of the first anniversary of the date of grant and the day immediately preceding the Issuer's 2027 Annual Meeting of Shareholders. Each Deferred Stock Unit shall convert into one share of the Issuer's common stock immediately after termination of the Reporting Person's service as a member of the Board of Directors of the Issuer. Includes the credit of dividends to the Reporting Person's deferred stock account under the Issuer's 2006 Long Term Incentive Plan, as amended and restated.
Key Figures
Deferred Stock Units granted: 1,003 units
Total Deferred Stock Units after grant: 17,120.967 units
Grant price: $0.00 per unit
+1 more
4 metrics
Deferred Stock Units granted
1,003 units
Award of Deferred Stock Units on 2026-05-29
Total Deferred Stock Units after grant
17,120.967 units
Holdings following the transaction
Grant price
$0.00 per unit
Stated transaction price for Deferred Stock Units
Underlying common stock
1,003 shares
Each Deferred Stock Unit tied to one common share
Key Terms
Deferred Stock Units, vested, Long Term Incentive Plan, Annual Meeting of Shareholders
4 terms
Deferred Stock Units financial
"The Deferred Stock Units shall be 100% vested on the earlier of the first anniversary"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
vested financial
"The Deferred Stock Units shall be 100% vested on the earlier of the first anniversary"
Long Term Incentive Plan financial
"deferred stock account under the Issuer's 2006 Long Term Incentive Plan, as amended and restated"
A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.
FAQ
What did the latest Form 4 disclose for Lowe's (LOW) director SCOTT BERTRAM L?
The Form 4 shows that director SCOTT BERTRAM L received a grant of 1,003 Deferred Stock Units. These units represent future rights to Lowe's common stock and are part of his board compensation, bringing his total Deferred Stock Units to 17,120.967 after the grant.
How many Lowe's (LOW) Deferred Stock Units were granted and what do they represent?
The director was granted 1,003 Deferred Stock Units, each linked to one share of Lowe's common stock. These units are bookkeeping entries, not current shares, and will eventually convert into common stock after the director’s service on the board ends, subject to the plan terms.
When do the newly granted Lowe's (LOW) Deferred Stock Units vest?
The Deferred Stock Units will be 100% vested on the earlier of the first anniversary of the grant date or the day immediately before Lowe’s 2027 Annual Meeting of Shareholders. Full vesting means the director’s right to these units is no longer forfeitable under the award terms.
How many Lowe's (LOW) Deferred Stock Units does the director hold after this transaction?
After this grant, the director holds a total of 17,120.967 Deferred Stock Units. This total includes both the new 1,003-unit award and previously accumulated units, as well as credits for dividends to his deferred stock account under Lowe’s 2006 Long Term Incentive Plan.
How are dividends handled on Lowe's (LOW) Deferred Stock Units for the director?
Dividends on Lowe’s common stock are credited as additional amounts to the director’s deferred stock account under the 2006 Long Term Incentive Plan. This increases his total Deferred Stock Units over time, reflected in the 17,120.967 units reported after the latest grant.