Lowe's (NYSE: LOW) director granted 1,003 deferred stock units as board pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lowe's Companies director Ralph Alvarez received a grant of 1,003 Deferred Stock Units as part of his board compensation. These units are tied to Lowe's common stock and were granted at a stated price of $0.00 per unit.
The Deferred Stock Units vest 100% on the earlier of the first anniversary of the grant date and the day immediately preceding Lowe's 2027 Annual Meeting of Shareholders. Each unit will convert into one share of common stock after Mr. Alvarez’s service on the board ends. Following this grant, he holds a total of 42,913.648 Deferred Stock Units, including credits for dividends under the company’s 2006 Long Term Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Alvarez Ralph
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 1,003 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 42,913.648 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 Deferred Stock Unit: $0.00
Deferred Stock Units after grant: 42,913.648 units
+2 more
5 metrics
Deferred Stock Units granted
1,003 units
Grant on May 29, 2026
Price per Deferred Stock Unit
$0.00
Grant price
Deferred Stock Units after grant
42,913.648 units
Holdings following transaction
Underlying common shares
1,003 shares
Each unit convertible into one share
Vesting milestone year
2027
By the 2027 Annual Meeting of Shareholders
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..."
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
"the Reporting Person's deferred stock account under the Issuer's 2006 Long Term Incentive Plan, as amended and restated."
FAQ
What did Ralph Alvarez report in this Form 4 for LOW?
Ralph Alvarez reported receiving a grant of 1,003 Deferred Stock Units as board compensation. These units are tied to Lowe’s common stock and increase his total deferred holdings, rather than reflecting an open-market stock purchase or sale.
How many Deferred Stock Units does Ralph Alvarez now hold at Lowe's (LOW)?
After the latest grant, Ralph Alvarez holds 42,913.648 Deferred Stock Units. This total includes the newly granted 1,003 units and prior balances with credited dividends under Lowe’s 2006 Long Term Incentive Plan, as amended and restated.
When do Ralph Alvarez’s newly granted Deferred Stock Units at LOW vest?
The 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 full vesting occurs once one of those two specified timing conditions is met.
When will the Deferred Stock Units convert into Lowe's common stock?
Each Deferred Stock Unit converts into one share of Lowe’s common stock immediately after Ralph Alvarez’s service on the board ends. The units are therefore designed as deferred compensation, settling only when his board tenure terminates.
Do the Deferred Stock Units for LOW include dividend credits?
Yes, the total Deferred Stock Units include credits of dividends to Ralph Alvarez’s deferred stock account. These credits are provided under Lowe’s 2006 Long Term Incentive Plan, as amended and restated, and increase the number of deferred units over time.