Lowe's director granted phantom stock units

Simkins Lawrence reported acquisition or exercise transactions in this Form 4 filing.

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.

Insider Trade Summary

Grant/Award: 105.807 shares

Grant/Award 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 contracts (Direct)

Footnotes (3)

1. F1. Represents the credit of deferred compensation to the Reporting Person's deferred stock account under the Issuer's Directors' Deferred Compensation Plan.
2. F2. 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. F3. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 04/01/2026 - 04:25 PM EDT Learn about SEC filing dates

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^*

Simkins Lawrence

(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)

X	Director		10% 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)

X	Form 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)
			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)	03/31/2026		A		105.807		(2)	(2)	Common Stock	105.807	$236.28	849.87(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: Lawrence Simkins	04/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)