Lowe’s director granted 105 phantom stock units

ROGERS BRIAN C reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

ROGERS BRIAN C reported acquisition or exercise transactions in this Form 4 filing.

LOWES COMPANIES INC director Brian C. Rogers received a grant of 105.807 shares of phantom stock on the company’s deferred compensation plan. Each phantom stock unit is economically equivalent to one share of common stock at $236.28 per unit, credited as deferred compensation and dividends. Following this credit, Rogers holds 5,540.451 phantom stock units in his deferred stock account, which will be settled in cash after he ceases to be a director.

Insider Trade Summary

Grant/Award: 105.807 shares

Grant/Award 1 txn

Insider ROGERS BRIAN C

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	105.807	$236.28	$25K

Holdings After Transaction: Phantom Stock — 5,540.451 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 Phantom stock unit value: $236.28 per unit Total phantom stock after grant: 5,540.451 units

3 metrics

Phantom stock units granted 105.807 units Grant under Directors’ Deferred Compensation Plan on March 31, 2026

Phantom stock unit value $236.28 per unit Economic equivalent of one share of Lowe’s common stock

Total phantom stock after grant 5,540.451 units Balance in Rogers’ deferred stock account following the transaction

Key Terms

Phantom Stock, Directors' Deferred Compensation Plan, deferred stock account, economic equivalent

4 terms

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

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

economic equivalent financial

"Each share of phantom stock is the economic equivalent of one share of common stock."

FAQ

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

What did Brian C. Rogers report in his Form 4 for LOW?

Brian C. Rogers reported receiving 105.807 phantom stock units tied to Lowe’s common stock. These units were credited to his deferred stock account as part of the Directors’ Deferred Compensation Plan, increasing his total phantom stock holdings to 5,540.451 units.

What is phantom stock in the LOW Form 4 for Brian C. Rogers?

Phantom stock in this filing represents units economically equivalent to Lowe’s common shares. Rogers earns these units in a deferred stock account, where their value tracks the common stock and is ultimately paid out in cash when he leaves the board.

How many phantom stock units does Brian C. Rogers now hold at LOW?

After the reported grant, Brian C. Rogers holds 5,540.451 phantom stock units. This total includes the new 105.807-unit credit and prior balances, plus credited dividends, all under Lowe’s Directors’ Deferred Compensation Plan for board members.

At what value were the new phantom stock units for LOW credited?

The 105.807 phantom stock units were credited at $236.28 per unit, matching the economic value of Lowe’s common shares. This price is used to determine the deferred compensation amount recorded in Rogers’ deferred stock account on the transaction date.

When will Brian C. Rogers receive payment for his LOW phantom stock?

Payment occurs after he ceases to be a director. At that time, Rogers becomes entitled to the cash value of his accumulated phantom stock units, reflecting the then-current value of Lowe’s common stock under the deferred compensation arrangement.

What role do dividends play in Brian C. Rogers’ LOW phantom stock account?

Dividends credited to his deferred stock account increase his phantom stock balance. The filing notes that the total includes credits of dividends under the Directors’ Deferred Compensation Plan, effectively reinvesting dividends into additional phantom stock units.

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

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Accepted by SEC EDGAR 04/01/2026 - 04:24 PM 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^*

ROGERS BRIAN C

(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	5,540.451(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: Brian C. Rogers	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)