Lowe's (NYSE: LOW) director adds deferred phantom stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Simkins Lawrence reported acquisition or exercise transactions in this Form 4 filing.
Lowe's Companies director Lawrence Simkins received a grant of phantom stock credited to his deferred stock account under the company’s Directors’ Deferred Compensation Plan. The award covers 105.807 phantom stock units at an economic value of $236.28 per unit, bringing his total phantom stock balance to 849.870 units.
Each phantom stock unit is economically equivalent to one share of Lowe’s common stock, but is settled in cash when he ceases to be a director rather than through open-market share transactions. The filing also notes credits of deferred compensation and dividends into this account, highlighting this as routine, compensation-related activity rather than a market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Simkins Lawrence
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 105.807 | $236.28 | $25K |
Holdings After Transaction:
Phantom Stock — 849.87 shares (Direct)
Footnotes (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.
Key Figures
Phantom stock units granted: 105.807 units
Recorded value per phantom unit: $236.28 per unit
Total phantom units after transaction: 849.870 units
+1 more
4 metrics
Phantom stock units granted
105.807 units
Deferred compensation and dividends credited on March 31, 2026
Recorded value per phantom unit
$236.28 per unit
Economic equivalent of one share of common stock
Total phantom units after transaction
849.870 units
Director’s deferred stock account balance following grant
Underlying security
Common Stock
Each phantom stock unit equals one common share economically
Key Terms
Phantom Stock, Directors' Deferred Compensation Plan, deferred stock account, dividends
4 terms
Phantom Stock financial
"Each share of phantom stock is the economic equivalent of one share"
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
"under the Issuer's Directors' Deferred Compensation Plan."
deferred stock account financial
"credit of deferred compensation to the Reporting Person's deferred stock account"
dividends financial
"Includes the credit of dividends to the Reporting Person's deferred stock account"
Dividends are cash payments a company gives to its shareholders from profits or cash reserves, effectively sharing part of its earnings with owners. They matter to investors because they provide a steady income stream, act like an interest or rent payment on owning the stock, and signal management’s confidence in the business—factors that influence total return and share price. Regular or special dividends can change an investor’s income and reinvestment strategy.
FAQ
What did Lowe's (LOW) director Lawrence Simkins report in this Form 4?
Lawrence Simkins reported receiving a grant of phantom stock credited to his deferred stock account. The award covers 105.807 units tied to Lowe’s common stock value, recorded as part of the Directors’ Deferred Compensation Plan rather than an open-market share purchase or sale.
How many phantom stock units did the Lowe's (LOW) director receive?
The director received 105.807 phantom stock units. These units were credited as deferred compensation and dividend equivalents, each economically equivalent to one share of Lowe’s common stock, and are payable in cash when he leaves the board rather than as tradable shares.
What is the value per phantom stock unit in the Lowe's (LOW) Form 4?
Each phantom stock unit was recorded at $236.28 per unit. This figure reflects the economic value used for the deferred compensation credit, aligning each phantom share with the value of one share of Lowe’s common stock for compensation and future cash-settlement purposes.
How many phantom stock units does the Lowe's (LOW) director hold after this transaction?
After the transaction, the director holds a total of 849.870 phantom stock units. This total reflects accumulated deferred compensation and dividend credits under the Directors’ Deferred Compensation Plan, all of which are designed to be settled in cash upon his departure from the board.
Is the Lowe's (LOW) phantom stock grant an open-market stock purchase or sale?
No, the phantom stock grant is not an open-market transaction. It represents deferred compensation and credited dividends in a phantom stock account, economically tied to Lowe’s common stock but payable in cash when the director’s service ends, without actual share buying or selling.
What does phantom stock mean in the context of Lowe's (LOW) deferred compensation?
Phantom stock in this context is a bookkeeping unit equal in value to one Lowe’s common share. The director’s account tracks these units as deferred compensation and dividends, but they ultimately settle in cash when he stops serving as a director, not as actual stock delivery.