Lowe’s (NYSE: LOW) director Dreiling receives 1,003 deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LOWES COMPANIES INC director Richard W. Dreiling received an equity-based compensation grant of 1,003 Deferred Stock Units on common stock. These units vest 100% on the earlier of the first anniversary of the grant date or the day before the company’s 2027 Annual Meeting of Shareholders. Each vested Deferred Stock Unit will convert into one share of common stock immediately after Dreiling’s service on the Board ends. Following this grant, he holds a total of 40,948.054 Deferred Stock Units directly, including credited dividends under the company’s 2006 Long Term Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DREILING RICHARD W
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 1,003 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 40,948.054 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
Price per unit: $0.0000 per unit
Deferred Stock Units after grant: 40,948.054 units
+2 more
5 metrics
Deferred Stock Units granted
1,003 units
Grant on 2026-05-29 as director equity award
Price per unit
$0.0000 per unit
Grant price indicates compensation, not a market purchase
Deferred Stock Units after grant
40,948.054 units
Total direct holdings following the reported transaction
Vesting trigger
Earlier of first anniversary or pre-2027 meeting
100% vesting schedule for the new Deferred Stock Units
Conversion ratio
1 unit : 1 share
Each Deferred Stock Unit converts into one common share after Board service ends
Key Terms
Deferred Stock Units, Annual Meeting of Shareholders, 2006 Long Term Incentive Plan
3 terms
Deferred Stock Units financial
"The Deferred Stock Units shall be 100% vested on the earlier of the first anniversary of the date of grant..."
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.
2006 Long Term Incentive Plan financial
"deferred stock account under the Issuer's 2006 Long Term Incentive Plan, as amended and restated."
FAQ
What did Richard W. Dreiling report in this Form 4 for LOW?
Richard W. Dreiling reported receiving 1,003 Deferred Stock Units tied to Lowe’s common stock as equity compensation. The units were granted at no cash cost and increase his total deferred stock holdings to 40,948.054 units under the company’s long-term incentive arrangements.
How do Richard W. Dreiling’s Deferred Stock Units at LOW vest?
The 1,003 Deferred Stock Units vest 100% on the earlier of the first anniversary of the grant date or the day immediately before Lowe’s 2027 Annual Meeting. This schedule means his award becomes fully earned based on continued Board service through that earlier milestone.
How many Deferred Stock Units does Dreiling hold after this LOW grant?
After this grant, Richard W. Dreiling directly holds 40,948.054 Deferred Stock Units. This figure includes the new 1,003-unit award and prior units accumulated, as well as credited dividends recorded in his deferred stock account under the company’s 2006 Long Term Incentive Plan.
What role do dividends play in Dreiling’s LOW deferred stock account?
His deferred stock holdings include the credit of dividends to his deferred stock account under Lowe’s 2006 Long Term Incentive Plan. Instead of cash, dividends are credited as additional deferred units, gradually increasing his total Deferred Stock Unit balance over time.