Lowe’s director awarded 70 phantom stock units

DOUGLAS LAURIE Z reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

DOUGLAS LAURIE Z reported acquisition or exercise transactions in this Form 4 filing.

LOWES COMPANIES INC director Laurie Z. Douglas received a grant of phantom stock as deferred compensation under the company’s Directors’ Deferred Compensation Plan. The award covers 70.423 phantom stock units, each economically equivalent to one share of common stock, bringing her deferred phantom stock balance to 4,899.465 units. She becomes entitled to the cash value of these units upon ceasing to be a director, and the balance includes credited dividends.

Insider Trade Summary

Grant/Award: 70.423 shares

Grant/Award 1 txn

Insider DOUGLAS LAURIE Z

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock F1, F2, F3	70.423	$213.00	$15K

Holdings After Transaction: Phantom Stock — 4,899.465 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: 70.423 Indicative price per phantom unit: $213.0000 Total phantom stock units after grant: 4,899.465 +1 more

4 metrics

Phantom stock units granted 70.423 Grant of phantom stock units credited on 2026-07-09

Indicative price per phantom unit $213.0000 Value basis per phantom stock unit for the 70.423-unit grant

Total phantom stock units after grant 4,899.465 Deferred stock account balance following the reported transaction

Underlying common shares per unit 1 Each phantom stock unit is the economic equivalent of one share of common stock

Key Terms

Phantom Stock, Directors' Deferred Compensation Plan, deferred compensation, 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

"under the Issuer's Directors' Deferred Compensation Plan."

deferred compensation financial

"Represents the credit of deferred compensation to the Reporting Person's deferred stock account"

Deferred compensation is pay that employees or executives have earned now but will receive at a later date, such as delayed bonuses, retirement benefits, or stock grants. It matters to investors because it creates future obligations and shapes incentives—like a promise to pay later that can affect a company’s reported profits, cash needs and potential stock dilution—so it helps signal how a business manages costs and retains key people.

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 Laurie Z. Douglas report in this Form 4 for LOW?

Laurie Z. Douglas reported a grant of 70.423 phantom stock units of Lowe’s, awarded as deferred compensation under the Directors’ Deferred Compensation Plan, economically equivalent to common shares.

How many phantom stock units does Laurie Z. Douglas now hold at LOW?

After the reported grant, Laurie Z. Douglas holds a total of 4,899.465 phantom stock units at Lowe’s, including prior awards and credited dividends in her deferred stock account.

What is the value basis of the phantom stock granted to Laurie Z. Douglas at LOW?

The 70.423 phantom stock units were credited at an indicated price of $213.0000 per unit, with each unit economically equivalent to one share of Lowe’s common stock.

When does Laurie Z. Douglas receive payment for her LOW phantom stock units?

Laurie Z. Douglas becomes entitled to the cash value of her Lowe’s phantom stock units when she ceases to be a director, according to the Directors’ Deferred Compensation Plan.

Does Laurie Z. Douglas’s LOW phantom stock include dividends?

Yes. The reported balance of 4,899.465 phantom stock units for Laurie Z. Douglas includes the credit of dividends to her deferred stock account under Lowe’s Directors’ Deferred Compensation Plan.

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

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Accepted by SEC EDGAR 07/10/2026 - 04:18 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^*

DOUGLAS LAURIE Z

(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)
07/09/2026

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)	07/09/2026		A		70.423		(2)	(2)	Common Stock	70.423	$213	4,899.465(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	07/10/2026
	** 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)