[Form 4] LOWES COMPANIES INC Insider Trading Activity

Rhea-AI Filing Summary

Lawrence Simkins, a director of Lowes Companies Inc (LOW), had 99.479 units of phantom stock credited to his Directors' Deferred Compensation Plan account on 09/30/2025. Each phantom share is the economic equivalent of one common share and was assigned a per-share value of $251.31, resulting in 633.971 shares of common stock beneficially owned following the transaction. The phantom stock entitles the reporting person to the cash value upon ceasing to be a director, and the reported balance includes credited dividends. The Form 4 was executed by power of attorney on 10/02/2025.

Positive

• 99.479 phantom shares credited to director's deferred compensation account
• $251.31 per-share valuation explicitly reported for the phantom units
• Post-transaction beneficial ownership disclosed as 633.971 shares

Negative

• None.

Insights

Corporate Governance Expert

Director received deferred compensation of 99.479 phantom shares on 09/30/2025.

This filing documents a non-cash credit to the director's deferred compensation account under the issuer's Directors' Deferred Compensation Plan: 99.479 phantom shares valued at $251.31 per share were recorded, yielding 633.971 shares of beneficial ownership after the transaction.

The phantom shares are payable in cash when the director leaves the board and include credited dividends, which means the company has promised a future cash obligation tied to these units but no immediate market trading occurred.

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^*

Simkins Lawrence

(Last) (First) (Middle)

1000 LOWES BOULEVARD

(Street)

MOORESVILLE NC 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)
			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)	09/30/2025		A		99.479		(2)	(2)	Common Stock	99.479	$251.31	633.971(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: Lawrence Simkins	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.

FAQ

What transaction did Lawrence Simkins report on Form 4 for LOW?

The Form 4 reports a credit of 99.479 phantom shares to Mr. Simkins' deferred stock account on 09/30/2025 under the Directors' Deferred Compensation Plan.

How many shares does the filing show Mr. Simkins beneficially owns after the transaction?

The filing reports 633.971 shares of common stock beneficially owned following the reported transaction.

What is the stated value per phantom share in the Form 4?

Each phantom share was reported with a value of $251.31.

When is the phantom stock payable to the reporting person?

The phantom stock is payable in cash to the reporting person upon ceasing to be a director of the issuer, per the filing.

Does the filing indicate any sale or purchase on the open market?

No. The filing shows a credit to a deferred compensation account (phantom stock); it does not report an open-market purchase or sale.