Lowe’s SVP reports tax withholding and stock grant
LOWES COMPANIES INC executive Dan Clayton Griggs Jr., SVP, Tax & CAO, reported compensation-related stock activity in company common shares.
Rhea-AI Filing Summary
LOWES COMPANIES INC executive Dan Clayton Griggs Jr., SVP, Tax & CAO, reported compensation-related stock activity in company common shares. On April 1, 2026, 214 shares were disposed of at $235.98 per share to cover withholding taxes tied to a prior restricted stock vesting. On the same date, he acquired 1,526 restricted shares as a grant under the 2006 Long Term Incentive Plan, which are scheduled to fully vest on April 1, 2029. Following these changes, he directly holds 12,993 common shares, and indirectly holds 1,942.7443 shares through a 401(k) Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Griggs Dan Clayton Jr
Role
SVP, Tax & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 214 | $235.98 | $50K |
| Grant/Award | Common Stock | 1,526 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 12,993 shares (Direct);
Common Stock — 1,942.7443 shares (Indirect, by 401(k) Plan)
Footnotes (2)
- F1. Reflects shares delivered by reporting person to satisfy withholding taxes due upon vesting of restricted shares granted on April 1, 2023.
- F2. Restricted stock granted pursuant to 2006 Long Term Incentive Plan. These shares will fully vest on April 1, 2029.
Key Figures
Tax withholding shares: 214 shares
Withholding price: $235.98 per share
Restricted stock grant: 1,526 shares
+4 more
7 metrics
Tax withholding shares
214 shares
Shares delivered to satisfy withholding taxes on restricted stock vesting
Withholding price
$235.98 per share
Value used for 214-share tax-withholding disposition on April 1, 2026
Restricted stock grant
1,526 shares
Restricted stock granted under 2006 Long Term Incentive Plan
Direct holdings after transactions
12,993 shares
Direct Lowe's common stock held by Dan Clayton Griggs Jr.
Indirect 401(k) holdings
1,942.7443 shares
Lowe's common stock held indirectly by 401(k) Plan
Tax withholding shares count
214 shares
Reported as tax withholding disposition (code F) in Form 4 summary
Tax withholding transactions
1 transaction
Form 4 transactionSummary taxWithholdingCount
Key Terms
restricted shares, Restricted stock, 2006 Long Term Incentive Plan, withholding taxes, +2 more
6 terms
Restricted stock financial
"Restricted stock granted pursuant to 2006 Long Term Incentive Plan."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2006 Long Term Incentive Plan financial
"Restricted stock granted pursuant to 2006 Long Term Incentive Plan."
withholding taxes financial
"Reflects shares delivered by reporting person to satisfy withholding taxes due upon vesting of restricted shares granted on April 1, 2023."
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
401(k) Plan financial
"total_shares_following_transaction": "1942.7443", "direct_or_indirect": "I", "nature_of_ownership": "by 401(k) Plan""
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did LOW (Lowe's) report for Dan Clayton Griggs Jr.?
Dan Clayton Griggs Jr. reported routine compensation-related stock activity. He had 214 Lowe's shares withheld to pay taxes on vesting restricted stock and received 1,526 new restricted shares under the 2006 Long Term Incentive Plan, reflecting normal executive equity compensation.
What restricted stock grant did Dan Clayton Griggs Jr. receive from Lowe's?
He received a grant of 1,526 restricted Lowe's common shares at no purchase price, issued under the 2006 Long Term Incentive Plan. According to the disclosure, these restricted shares are scheduled to fully vest on April 1, 2029, subject to applicable plan conditions.
How are Dan Clayton Griggs Jr.’s indirect Lowe's holdings structured?
His indirect holdings consist of 1,942.7443 Lowe's common shares held by a 401(k) Plan. This indicates shares are owned through an employer-sponsored retirement plan, separate from his directly held 12,993 shares, but still reported as part of his overall beneficial ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
