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Lowe's Companies (LOW) director granted 1,003 deferred stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Lowe's Companies director Scott H. Baxter received a grant of 1,003 Deferred Stock Units as compensation. These units carry no purchase price and are tied to the company’s common stock on a one-for-one basis.

The Deferred Stock Units will be fully vested on the earlier of the first anniversary of the grant date or the day immediately before Lowe's 2027 Annual Meeting of Shareholders. After Baxter’s service on the board ends, each Deferred Stock Unit converts into one share of Lowe’s common stock. Following this award and credited dividends under the company’s 2006 Long Term Incentive Plan, Baxter now holds 4,979.4 Deferred Stock Units.

Positive

  • None.

Negative

  • None.
Insider Baxter Scott H
Role null
Type Security Shares Price Value
Grant/Award Deferred Stock Units 1,003 $0.00 --
Holdings After Transaction: Deferred Stock Units — 4,979.4 shares (Direct, null)
Footnotes (1)
  1. The Deferred Stock Units shall be 100% vested on the earlier of the first anniversary of the date of grant and the day immediately preceding the Issuer's 2027 Annual Meeting of Shareholders. Each Deferred Stock Unit shall convert into one share of the Issuer's common stock immediately after termination of the Reporting Person's service as a member of the Board of Directors of the Issuer. Includes the credit of dividends to the Reporting Person's deferred stock account under the Issuer's 2006 Long Term Incentive Plan, as amended and restated.
Deferred Stock Units granted 1,003 units Director award dated May 29, 2026
Total Deferred Stock Units after grant 4,979.4 units Holdings following the reported transaction
Grant price $0.0000 per unit Compensation award, not a market purchase
Underlying common stock 1,003 shares One common share per Deferred Stock Unit
Vesting condition Earlier of first anniversary or pre-2027 meeting 100% vesting schedule for the award
Deferred Stock Units financial
"The Deferred Stock Units shall be 100% vested on the earlier of the first anniversary of the date of grant"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Annual Meeting of Shareholders financial
"the day immediately preceding the Issuer's 2027 Annual Meeting of Shareholders"
A yearly gathering where a company’s owners (shareholders) vote on key items like electing the board, approving executive pay, and ratifying auditors, and receive updates on performance and strategy. Think of it as an annual town hall for owners: it matters to investors because outcomes and disclosures can affect leadership, corporate direction, dividend and governance policies, and therefore the company’s risk and potential return.
Long Term Incentive Plan financial
"the Reporting Person's deferred stock account under the Issuer's 2006 Long Term Incentive Plan, as amended and restated"
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.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Baxter Scott H
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Deferred Stock Units$005/29/2026A1,003 (1) (1)Common Stock1,003$04,979.4(2)D
Explanation of Responses:
1. The Deferred Stock Units shall be 100% vested on the earlier of the first anniversary of the date of grant and the day immediately preceding the Issuer's 2027 Annual Meeting of Shareholders. Each Deferred Stock Unit shall convert into one share of the Issuer's common stock immediately after termination of the Reporting Person's service as a member of the Board of Directors of the Issuer.
2. Includes the credit of dividends to the Reporting Person's deferred stock account under the Issuer's 2006 Long Term Incentive Plan, as amended and restated.
Remarks:
By: /s/ Sandra Felton by power of attorney for: Scott H. Baxter06/01/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Scott H. Baxter report in this Form 4 for LOW?

Scott H. Baxter reported receiving 1,003 Deferred Stock Units as a director of Lowe’s Companies. These units are a stock-based compensation award that will later convert into common shares, rather than an open-market stock purchase or sale.

How many Deferred Stock Units does Scott H. Baxter now hold in LOW?

After the latest award, Scott H. Baxter holds 4,979.4 Deferred Stock Units. This total includes the new 1,003-unit grant and prior units, along with credited dividends under Lowe’s 2006 Long Term Incentive Plan.

When do Scott H. Baxter’s new Deferred Stock Units for LOW vest?

The new Deferred Stock Units vest 100% on the earlier of the first anniversary of the grant date or the day immediately before Lowe’s 2027 Annual Meeting of Shareholders, providing a clear time frame for full vesting of this director compensation award.

When will Baxter’s Deferred Stock Units convert into Lowe’s common stock?

Each Deferred Stock Unit will convert into one share of Lowe’s common stock immediately after Scott H. Baxter’s service on the board ends. This means share delivery is deferred until his board tenure terminates, aligning compensation with long-term service.

Did Scott H. Baxter buy or sell LOW shares in the market in this filing?

No open-market buys or sells were reported. The Form 4 only shows a grant of 1,003 Deferred Stock Units as compensation, with no stock purchases or sales at a market price disclosed in this particular filing.

What plan governs the credited dividends on Baxter’s LOW Deferred Stock Units?

Credited dividends on Scott H. Baxter’s Deferred Stock Units are recorded in his deferred stock account under Lowe’s 2006 Long Term Incentive Plan, as amended and restated. These credits increase his total Deferred Stock Unit balance over time.