Lowe's Insider Filing: 218.853 Phantom Stock Units Credited to Director

Q: What did Richard W. Dreiling report on the Form 4 for LOW?

The Form 4 shows a credit of 218.853 phantom stock units to his deferred stock account on 09/30/2025 , increasing his total to 18,648.779 common-stock-equivalent units.

Q: What price is shown in the Form 4 for the phantom stock units?

The filing references a per-share price of $251.31 associated with the reported phantom stock units.

Q: When was the transaction dated and when was the Form 4 signed?

The transaction date is 09/30/2025 , and the Form 4 was signed by power of attorney on 10/02/2025 .

Q: What plan governs the credited phantom stock?

The credit was made under the Issuer's Directors' Deferred Compensation Plan , including dividend credits to the deferred stock account.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

The filing reports that Richard W. Dreiling, a director of Lowe's Companies, Inc. (LOW), received a credit of 218.853 units of Phantom Stock to his deferred stock account under the company's Directors' Deferred Compensation Plan on 09/30/2025. Each phantom share is economically equivalent to one share of common stock and will be payable in cash when he ceases to be a director. The filing shows 18,648.779 common-stock-equivalent units owned following the transaction and records a per-share reference price of $251.31.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider DREILING RICHARD W

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	218.853	$251.31	$55K

Holdings After Transaction: Phantom Stock — 18,648.779 shares (Direct)

Footnotes (3)

F1. Represents the credit of deferred compensation to the Reporting Person's deferred stock account under the Issuer's Directors' Deferred Compensation Plan.
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.
F3. Includes the credit of dividends to the Reporting Person's deferred stock account under the Issuer's Directors' Deferred Compensation Plan.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 10/02/2025 - 04:11 PM

FAQ

What did Richard W. Dreiling report on the Form 4 for LOW?

The Form 4 shows a credit of 218.853 phantom stock units to his deferred stock account on 09/30/2025, increasing his total to 18,648.779 common-stock-equivalent units.

What is the economic nature of the phantom stock credited to the director?

Each phantom stock unit is the economic equivalent of one share of Lowe's common stock and is payable in cash when the reporting person ceases to be a director.

What price is shown in the Form 4 for the phantom stock units?

The filing references a per-share price of $251.31 associated with the reported phantom stock units.

When was the transaction dated and when was the Form 4 signed?

The transaction date is 09/30/2025, and the Form 4 was signed by power of attorney on 10/02/2025.

What plan governs the credited phantom stock?

The credit was made under the Issuer's Directors' Deferred Compensation Plan, including dividend credits to the deferred stock account.

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).

1. Name and Address of Reporting Person^*

DREILING RICHARD W

(Last)

(First)

(Middle)

1000 LOWES BOULEVARD

(Street)

MOORESVILLE

28117

(City)

(State)

(Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock⁽¹⁾	⁽²⁾	09/30/2025		A		218.853		⁽²⁾	⁽²⁾	Common Stock	218.853	$251.31	18,648.779⁽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	10/02/2025
	** 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.

Source: View Original Filing on SEC EDGAR