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Lowe’s (NYSE: LOW) director receives phantom stock grant as deferred pay

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

DOUGLAS LAURIE Z reported acquisition or exercise transactions in this Form 4 filing.

LOWES COMPANIES INC director Laurie Z. Douglas received an award of 63.484 shares of phantom stock on a deferred basis under the company’s Directors' Deferred Compensation Plan. Each phantom share is economically equivalent to one share of common stock and will be settled in cash when she ceases to be a director.

After this credit, her deferred stock account holds a total of 4,803.458 phantom stock units, which includes credited dividends. This filing reflects compensation and deferred compensation accounting rather than an open-market stock purchase or sale.

Positive

  • None.

Negative

  • None.
Insider DOUGLAS LAURIE Z
Role Director
Type Security Shares Price Value
Grant/Award Phantom Stock 63.484 $236.28 $15K
Holdings After Transaction: Phantom Stock — 4,803.458 shares (Direct)
Footnotes (1)
  1. Represents the credit of deferred compensation to the Reporting Person's deferred stock account under the Issuer's Directors' Deferred Compensation Plan. 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. Includes the credit of dividends to the Reporting Person's deferred stock account under the Issuer's Directors' Deferred Compensation Plan.
Phantom stock units granted 63.484 units Grant under Directors' Deferred Compensation Plan on 2026-03-31
Grant reference price $236.2800 per unit Economic reference price for phantom stock award
Total phantom units after grant 4,803.458 units Deferred stock account balance after March 31, 2026 transaction
Underlying common stock equivalence 63.484 shares Each phantom stock unit equals one common share economically
Conversion price $0.0000 Phantom stock credited as compensation, not purchased for cash
Phantom Stock financial
"Each share of phantom stock is the economic equivalent of one share of common stock."
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Directors' Deferred Compensation Plan financial
"deferred compensation to the Reporting Person's deferred stock account under the Issuer's Directors' Deferred Compensation Plan."
deferred stock account financial
"Includes the credit of dividends to the Reporting Person's deferred stock account under the Issuer's Directors' Deferred Compensation Plan."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
DOUGLAS LAURIE Z
(Last)(First)(Middle)
1000 LOWES BOULEVARD
(Street)
MOORESVILLE NORTH CAROLINA 28117
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
LOWES COMPANIES INC [ LOW ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock(1)(2)03/31/2026A63.484 (2) (2)Common Stock63.484$236.284,803.458(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: Laurie Z. Douglas04/01/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Laurie Z. Douglas report in this Form 4 for LOW?

Laurie Z. Douglas reported receiving 63.484 phantom stock units as deferred compensation. These units are credited to her deferred stock account and mirror the value of Lowe’s common shares until she leaves the board and receives their cash value.

Is the LOW Form 4 for Laurie Z. Douglas a stock purchase or sale?

The Form 4 does not show an open-market purchase or sale. It records a grant of phantom stock as compensation, credited under Lowe’s Directors' Deferred Compensation Plan, rather than a discretionary trade in common shares on the market.

How many phantom stock units does Laurie Z. Douglas now hold at LOW?

Following this transaction, Laurie Z. Douglas holds 4,803.458 phantom stock units. This total includes the newly credited 63.484 units plus previously accumulated amounts and dividends in her deferred stock account under the directors’ plan.

What is phantom stock in the context of LOW’s director compensation?

At Lowe’s, each phantom stock unit is economically equivalent to one common share. Directors receive these units in a deferred stock account and become entitled to their cash value only after they stop serving as directors, aligning compensation with shareholder value.

When will Laurie Z. Douglas receive cash for her LOW phantom stock units?

Laurie Z. Douglas will become entitled to the cash value of her phantom stock units when she ceases to be a director. Until then, the units remain as deferred compensation that tracks the economic value of Lowe’s common shares in her deferred stock account.