Lowe’s (LOW) director Mary E. Stone West receives 1,003 Deferred Stock Units grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LOWES COMPANIES INC director Mary E. Stone West received a grant of 1,003 Deferred Stock Units. These units were awarded at a price of $0.00 per unit and increase her directly held Deferred Stock Units to 6,303.972. Each unit is tied to one share of Lowe’s common stock.
The Deferred Stock Units will be 100% vested on the earlier of the first anniversary of the grant date or the day immediately before the company’s 2027 Annual Meeting of Shareholders. After she leaves the board, each vested unit will convert into one share of common stock, providing equity-based, long-term compensation linked to future service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stone West Mary E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 1,003 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 6,303.972 shares (Direct, null)
Footnotes (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.
Key Figures
Deferred Stock Units granted: 1,003 units
Deferred Stock Units after grant: 6,303.972 units
Grant price per unit: $0.00 per unit
+1 more
4 metrics
Deferred Stock Units granted
1,003 units
Grant on 2026-05-29
Deferred Stock Units after grant
6,303.972 units
Holdings following transaction
Grant price per unit
$0.00 per unit
Director equity award
Underlying common stock
1,003 shares
Each unit tied to one share
Key Terms
Deferred Stock Units, 2006 Long Term Incentive Plan, Annual Meeting of Shareholders, vested
4 terms
Deferred Stock Units financial
"The Deferred Stock Units shall be 100% vested on the earlier of the first anniversary"
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.
2006 Long Term Incentive Plan financial
"Includes the credit of dividends to the Reporting Person's deferred stock account under the Issuer's 2006 Long Term Incentive Plan"
vested financial
"The Deferred Stock Units shall be 100% vested on the earlier of the first anniversary"
FAQ
What did Mary E. Stone West report in this Lowe’s (LOW) Form 4 filing?
Mary E. Stone West reported receiving 1,003 Deferred Stock Units as director compensation. These units were granted at $0.00 per unit and are tied to Lowe’s common stock, increasing her total Deferred Stock Units holding to 6,303.972 after the award.
How many Lowe’s (LOW) Deferred Stock Units were granted to the director?
The director received 1,003 Deferred Stock Units. Each unit represents the right to receive one share of Lowe’s common stock in the future, subject to vesting and conversion conditions described in the company’s long-term incentive plan and the Form 4 footnotes.
When do Mary E. Stone West’s Lowe’s (LOW) Deferred Stock Units vest?
The 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. This structure links vesting to the director’s continued board service over that period.
What happens to the Lowe’s (LOW) Deferred Stock Units after the director leaves the board?
After Mary E. Stone West’s service on the Lowe’s board ends, each Deferred Stock Unit converts into one share of Lowe’s common stock. This means the award delivers actual shares only upon termination of her service as a director.
How many Deferred Stock Units does the Lowe’s (LOW) director hold after this grant?
Following the grant, Mary E. Stone West holds a total of 6,303.972 Deferred Stock Units directly. This figure includes the newly awarded 1,003 units plus previously accumulated units and credited dividends under Lowe’s 2006 Long Term Incentive Plan.
Are dividends reflected in the Lowe’s (LOW) Deferred Stock Units reported in this Form 4?
Yes. The total Deferred Stock Units include credits of dividends to the director’s deferred stock account. These dividend credits are made under Lowe’s 2006 Long Term Incentive Plan, as amended and restated, and increase the number of units over time.