Lowe's (LOW) director adds deferred phantom stock under compensation plan

Rhea-AI Filing Summary

Lowe's Companies Inc. director Colleen Taylor reported a routine change in deferred equity compensation. On 12/31/2025, she acquired 103.666 shares of phantom stock at $241.16 per share under the company’s Directors' Deferred Compensation Plan. These phantom stock units are economically equivalent to common shares but are paid out in cash when she ceases to be a director.

After this transaction, she beneficially owned 1,308.251 phantom stock units on a direct basis. The filing notes that this balance includes credits of deferred compensation and dividends to her deferred stock account, reflecting ongoing participation in the director deferred compensation program rather than an open-market trade.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Taylor Colleen

(Last) (First) (Middle)

1000 LOWES BOULEVARD

(Street)

MOORESVILLE NC 28117

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LOWES COMPANIES INC [ LOW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock(1)	(2)	12/31/2025		A		103.666		(2)	(2)	Common Stock	103.666	$241.16	1,308.251(3)	D

Explanation of Responses:

1. Represents the credit of deferred compensation to the Reporting Person's deferred stock account under the Issuer's Directors' Deferred Compensation Plan.

2. Each share of phantom stock is the economic equivalent of one share of common stock. The Reporting Person becomes entitled to the cash value of the phantom stock upon ceasing to be a director of the Issuer.

3. Includes the credit of dividends to the Reporting Person's deferred stock account under the Issuer's Directors' Deferred Compensation Plan.

Remarks:

	By: /s/ Sandra Felton by power of attorney for: Colleen Taylor	01/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Lowe's (LOW) report for director Colleen Taylor?

Director Colleen Taylor reported acquiring 103.666 shares of phantom stock on 12/31/2025 under Lowe's Directors' Deferred Compensation Plan.

What are the terms of the phantom stock reported in this Lowe's (LOW) Form 4?

Each share of phantom stock is the economic equivalent of one share of Lowe's common stock, with the director becoming entitled to the cash value when she ceases to be a director.

How many phantom stock units does the Lowe's (LOW) director hold after this transaction?

Following the reported transaction, the director beneficially owned 1,308.251 phantom stock units, held in a direct ownership capacity.

What was the price used for the Lowe's (LOW) phantom stock credited on 12/31/2025?

The 103.666 phantom stock units were credited at a price of $241.16 per unit, as shown in the Form 4.

What plan governs the phantom stock reported by the Lowe's (LOW) director?

The phantom stock units were credited to the director’s deferred stock account under Lowe’s Directors' Deferred Compensation Plan, including the credit of dividends.

Does this Lowe's (LOW) Form 4 reflect cash payout or only deferred compensation credits?

The filing describes credits of deferred compensation and dividends to the director’s deferred stock account; cash value is received when she ceases to be a director.