Lowes Companies (NYSE: LOW) director adds phantom stock via deferred compensation

Rhea-AI Filing Summary

Lowes Companies director Lawrence Simkins reported a deferred compensation transaction involving phantom stock tied to the company’s common shares. On 12/31/2025, he acquired 103.666 shares of phantom stock at a derivative price of $241.16 per share under the issuer’s Directors’ Deferred Compensation Plan. Following this credit, he beneficially owned 740.832 phantom stock units in total.

Each unit of phantom stock is the economic equivalent of one share of Lowes common stock, but it is settled in cash rather than actual shares. The filing explains that Simkins becomes entitled to the cash value of these phantom stock units when he ceases to be a director, and that the reported balance also reflects credited dividends under the deferred compensation plan.

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 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)
12/31/2025

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)	12/31/2025		A		103.666		(2)	(2)	Common Stock	103.666	$241.16	740.832(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	01/02/2026
	** 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.

FAQ

What insider transaction did Lowes Companies (LOW) report for Lawrence Simkins?

The filing shows that director Lawrence Simkins received a credit of 103.666 phantom stock units on 12/31/2025 under Lowes Companies’ Directors’ Deferred Compensation Plan.

How many phantom stock units does the Lowes (LOW) director own after this transaction?

After the reported transaction, Lawrence Simkins beneficially owned 740.832 phantom stock units, representing deferred compensation linked to Lowes common stock.

What is phantom stock in the context of Lowes Companies’ director compensation?

The filing states that each phantom stock unit is the economic equivalent of one share of common stock, giving cash-based value that tracks Lowes’ share price rather than delivering actual shares.

When does the Lowes (LOW) director receive payment for the phantom stock units?

According to the disclosure, the reporting person becomes entitled to the cash value of the phantom stock units upon ceasing to be a director of Lowes Companies.

What is the price associated with the phantom stock credited to the Lowes director?

The derivative price for the phantom stock units credited on 12/31/2025 was reported as $241.16 per unit.

Does the Lowes (LOW) phantom stock include credited dividends?

Yes. The explanation notes that the reported total includes the credit of dividends to the director’s deferred stock account under the Directors’ Deferred Compensation Plan.

What is Lawrence Simkins’ relationship to Lowes Companies in this filing?

The form identifies Lawrence Simkins as a director of Lowes Companies, with the transaction reported as a Form filed by one reporting person.