Lowe’s director granted phantom stock award

LOWE'S COMPANIES INC director Richard W. Dreiling received a grant of phantom stock as deferred compensation.

Rhea-AI Filing Summary

LOWE'S COMPANIES INC director Richard W. Dreiling received a grant of phantom stock as deferred compensation. On this date, he acquired 232.775 phantom stock units tied to the company's common stock under the Directors' Deferred Compensation Plan.

Each phantom stock unit is economically equivalent to one share of common stock, and he becomes entitled to the cash value of these units when he ceases to be a director. Following this credit, his deferred stock account reflects a total of 19,286.560 phantom stock units, which also includes credited dividends.

Insider Trade Summary

Grant/Award: 232.775 shares

Grant/Award 1 txn

Insider DREILING RICHARD W

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	232.775	$236.28	$55K

Holdings After Transaction: Phantom Stock — 19,286.56 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: 232.775 units Phantom stock price reference: $236.2800 per unit Total phantom stock units after transaction: 19,286.560 units

3 metrics

Phantom stock units granted 232.775 units Grant of phantom stock as deferred compensation on transaction date

Phantom stock price reference $236.2800 per unit Price per phantom stock unit used in the award record

Total phantom stock units after transaction 19,286.560 units Deferred stock account balance after new credit and prior dividend credits

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

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

deferred stock account financial

"Includes the credit of dividends 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 Richard W. Dreiling report in this Form 4 for LOW?

Richard W. Dreiling reported receiving 232.775 phantom stock units as deferred compensation. These units are credited to his deferred stock account and are economically equivalent to Lowe’s common shares, with value payable in cash when he stops serving as a director.

What is the nature of the phantom stock transaction at Lowe’s (LOW)?

The transaction is a compensation-related award of 232.775 phantom stock units, not an open-market trade. It represents deferred director compensation whose value tracks Lowe’s common stock and will be settled in cash when the director’s board service ends.

How many phantom stock units does the LOW director hold after this award?

After the award, the director’s deferred stock account reflects 19,286.560 phantom stock units. This balance includes the newly credited 232.775 units as well as prior phantom stock and dividend credits under the Directors’ Deferred Compensation Plan.

How is each Lowe’s (LOW) phantom stock unit defined in this filing?

Each phantom stock unit is described as the economic equivalent of one share of Lowe’s common stock. Instead of actual shares, the director will receive the cash value of these units, determined when he ceases to serve as a director of the company.

When will the Lowe’s director receive payment for the phantom stock units?

The director becomes entitled to the cash value of the phantom stock units upon ceasing to be a director. Until that time, the units remain in his deferred stock account and continue to reflect credits including dividends under the company’s deferred compensation plan.

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

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Accepted by SEC EDGAR 04/01/2026 - 04:22 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^*

DREILING RICHARD W

(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		232.775		(2)	(2)	Common Stock	232.775	$236.28	19,286.56(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: Richard W. Dreiling	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)