Lowe’s (LOW) director Simkins receives phantom stock grant under deferred plan

Rhea-AI Filing Summary

Simkins Lawrence reported acquisition or exercise transactions in this Form 4 filing.

LOWES COMPANIES INC director Lawrence Simkins received a grant of phantom stock tied to deferred compensation. On this date, he was awarded 117.371 phantom stock units, each economically equivalent to one share of common stock, reflecting credits of deferred compensation and dividends. Following this grant, his deferred stock account holds 971.764 phantom stock units, which are payable in cash after he ceases to be a director.

Insights

Equity compensation analyst

Routine director deferred compensation in phantom stock units.

Director Lawrence Simkins received 117.371 phantom stock units as a grant classified as deferred compensation, credited at a reference value of $213.0000 per unit. This increases his total phantom stock balance to 971.764 units.

Each phantom share is economically equivalent to one common share but settles in cash once he is no longer a director. Because this is non-voting, cash-settled compensation under a Directors' Deferred Compensation Plan rather than an open-market trade, it generally carries limited signaling value for near-term stock performance.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Simkins Lawrence

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	117.371	$213.00	$25K

Holdings After Transaction: Phantom Stock — 971.764 shares (Direct)

Footnotes (1)

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

Key Figures

Phantom stock granted: 117.371 units Reference price per phantom unit: $213.0000 Total phantom stock after grant: 971.764 units +1 more

4 metrics

Phantom stock granted 117.371 units Grant/award acquisition of phantom stock units on 2026-07-09

Reference price per phantom unit $213.0000 Economic value basis per phantom stock unit for this grant

Total phantom stock after grant 971.764 units Director’s deferred stock account balance following the transaction

Conversion or exercise price $0.0000 Phantom stock is cash-settled and not exercised like options

Key Terms

Phantom Stock, Directors' Deferred Compensation Plan, deferred stock account

3 terms

Phantom Stock financial

"Each share of phantom stock is the economic equivalent of one share"

A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.

Directors' Deferred Compensation Plan financial

"under the Issuer's Directors' Deferred Compensation Plan"

deferred stock account financial

"credit of deferred compensation to the Reporting Person's deferred stock account"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/10/2026 - 04:23 PM Accepted by SEC EDGAR 07/10/2026 - 04:22 PM Learn about SEC filing dates

FAQ

What did LOW director Lawrence Simkins report on this Form 4 for LOW?

LOW director Lawrence Simkins reported a grant of 117.371 phantom stock units. These units are credited as deferred compensation and dividends under the company’s Directors’ Deferred Compensation Plan.

How many phantom stock units does Lawrence Simkins now hold related to LOW?

After the reported grant, Lawrence Simkins’ deferred stock account holds 971.764 phantom stock units. Each unit is economically equivalent to one share of Lowe’s common stock and settles in cash when he leaves the board.

What is the economic value basis of the phantom stock granted to the LOW director?

The grant to the LOW director references a price of $213.0000 per phantom stock unit. Each phantom share mirrors the economic value of one Lowe’s common share but does not confer actual share ownership or voting rights.

What is phantom stock in the context of LOW’s Directors’ Deferred Compensation Plan?

For LOW, phantom stock represents units economically equal to one common share, credited to a director’s deferred stock account. The director becomes entitled to the cash value of these units after ceasing to be a director.

Does the LOW Form 4 filing involve open-market buying or selling by Lawrence Simkins?

No. The Form 4 reports a grant/award acquisition of phantom stock units as deferred compensation. It does not reflect open-market purchases or sales of Lowe’s common stock by Lawrence Simkins.

When will the LOW director receive payment for the phantom stock units reported?

The LOW director becomes entitled to the cash value of the phantom stock units when he ceases to be a director. Until then, the phantom units remain in his 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).

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^*

Simkins Lawrence

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/09/2026

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

X	Form 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)
			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)	07/09/2026		A		117.371		(2)	(2)	Common Stock	117.371	$213	971.764(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	07/10/2026
	** 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.
* Form 4: SEC 1474 (03-26)