Lowe's (LOW) director adds phantom stock under deferred compensation plan

Rhea-AI Filing Summary

Lowe's Companies director reports deferred phantom stock grant

A director of Lowe's Companies, Inc. reported a routine compensation-related transaction. On 12/31/2025, the director acquired 62.199 shares of phantom stock under the company’s Directors' Deferred Compensation Plan at a derivative security price of $241.16. After this transaction, the director beneficially owns 4,719.375 phantom stock units on a direct basis.

Each phantom stock share is the economic equivalent of one share of Lowe’s common stock. The director becomes entitled to receive the cash value of these phantom stock units upon ceasing to be a director. The reported balance includes credits of dividends to the director’s deferred stock account under the same plan.

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^*

DOUGLAS LAURIE Z

(Last) (First) (Middle)

1000 LOWES BOULEVARD

(Street)

MOORESVILLE NC 28117

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)	12/31/2025		A		62.199		(2)	(2)	Common Stock	62.199	$241.16	4,719.375(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: Laurie Z. Douglas	01/02/2026
	** 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.

FAQ

What insider transaction did Lowe's (LOW) disclose in this Form 4?

A director of Lowe's Companies, Inc. reported acquiring 62.199 phantom stock units on 12/31/2025 under the company’s Directors' Deferred Compensation Plan.

How many phantom stock units does the Lowe's (LOW) director now hold?

Following the reported transaction, the director beneficially owns 4,719.375 phantom stock units on a direct basis.

What is phantom stock in the context of Lowe's (LOW) director compensation?

The filing states that each share of phantom stock is the economic equivalent of one share of common stock, providing cash value based on Lowe’s common stock rather than actual share ownership.

When does the Lowe's (LOW) director receive value from the phantom stock units?

The director becomes entitled to receive the cash value of the phantom stock units upon ceasing to be a director of Lowe's Companies, Inc.

What plan governs the phantom stock reported by the Lowe's (LOW) director?

The phantom stock units and related credits are under Lowe’s Directors' Deferred Compensation Plan, including credits of deferred compensation and dividends to the director’s deferred stock account.

What was the reported price for the Lowe's (LOW) phantom stock transaction?

The derivative security entry lists a price of $241.16 in connection with the 62.199 phantom stock units credited on 12/31/2025.