Lowe's EVP Boltz gets 9,535-share stock award
Lowe's Companies executive William P. Boltz reported routine equity compensation adjustments.
Rhea-AI Filing Summary
Lowe's Companies executive William P. Boltz reported routine equity compensation adjustments. He received a grant of 9,535 shares of restricted stock under the company’s 2006 Long Term Incentive Plan, which will fully vest on April 1, 2029.
To cover withholding taxes on previously granted restricted shares that vested from an April 1, 2023 award, 2,237 shares were delivered back, a tax-withholding disposition rather than an open-market sale. After these transactions, he directly holds 55,234 common shares, including 106 shares acquired through the Lowe's Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Boltz William P
Role
EVP, Merchandising
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,237 | $235.98 | $528K |
| Grant/Award | Common Stock | 9,535 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 55,234 shares (Direct)
Footnotes (3)
- F1. Reflects shares delivered by reporting person to satisfy withholding taxes due upon vesting of restricted shares granted on April 1, 2023.
- F2. Direct holdings include 106 shares acquired under the Lowe's Employee Stock Purchase Plan.
- F3. Restricted stock granted pursuant to 2006 Long Term Incentive Plan. These shares will fully vest on April 1, 2029.
Key Figures
Tax-withholding shares: 2,237 shares
Tax-withholding reference price: $235.98 per share
Restricted stock grant: 9,535 shares
+3 more
6 metrics
Tax-withholding shares
2,237 shares
Shares delivered to satisfy withholding taxes on vested restricted stock
Tax-withholding reference price
$235.98 per share
Price used in the 2,237-share tax-withholding disposition
Restricted stock grant
9,535 shares
New restricted stock awarded as a grant/award acquisition
Restricted stock vesting date
April 1, 2029
Date when the 9,535 restricted shares fully vest
Post-transaction holdings
55,234 shares
Total common shares directly held after transactions
ESPP shares included
106 shares
Shares acquired under Lowe's Employee Stock Purchase Plan within direct holdings
Key Terms
restricted stock, withholding taxes, Employee Stock Purchase Plan, Long Term Incentive Plan
4 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.
withholding taxes financial
"Reflects shares delivered by reporting person to satisfy withholding taxes due upon vesting of restricted shares."
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.
Employee Stock Purchase Plan financial
"Direct holdings include 106 shares acquired under the Lowe's Employee Stock Purchase Plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Long Term Incentive Plan financial
"Restricted stock granted pursuant to 2006 Long Term Incentive Plan."
A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Lowe's (LOW) EVP William P. Boltz report?
William P. Boltz reported a routine equity grant and a tax-withholding disposition. He received 9,535 restricted shares as a long-term incentive award and delivered 2,237 shares to satisfy withholding taxes on earlier restricted stock that vested.
What are the terms of William P. Boltz’s new restricted stock grant at Lowe's (LOW)?
Boltz received 9,535 restricted shares under the 2006 Long Term Incentive Plan. According to the disclosure, these restricted shares will fully vest on April 1, 2029, aligning his compensation with long-term company performance over several years.
How does the Lowe's (LOW) Employee Stock Purchase Plan factor into Boltz’s holdings?
Boltz’s direct holdings include 106 shares acquired through the Lowe's Employee Stock Purchase Plan. This program allows employees to accumulate company stock, and those 106 shares form part of his total 55,234 directly held common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
