[Form 4] LOWES COMPANIES INC Insider Trading Activity

Rhea-AI Filing Summary

Ralph Alvarez, a Director of Lowe's Companies, Inc. (LOW), was credited with 124.348 units of phantom stock under the company's Directors' Deferred Compensation Plan on 09/30/2025. Each phantom share is the economic equivalent of one common share and is settled in cash when the director ceases to serve. The reported per-share value of the phantom units at the time of the credit was $251.31, and after the transaction Mr. Alvarez beneficially owned 19,966.658 shares equivalent, including dividend credits.

The Form 4 filing was signed by power of attorney on 10/02/2025. The entry reflects deferred compensation crediting to a director account rather than an open-market purchase or sale.

Positive

• 124.348 phantom shares credited to director's deferred compensation account on 09/30/2025
• Phantom shares are recorded at $251.31 per unit, providing a clear valuation reference
• Total beneficial ownership reported as 19,966.658 shares (includes dividends) after the credit

Negative

• None.

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^*

Alvarez Ralph

(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		124.348		(2)	(2)	Common Stock	124.348	$251.31	19,966.658(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: Raul (Ralph) Alvarez	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 did Ralph Alvarez report in the Form 4 for LOW?

The Form 4 reports a credit of 124.348 phantom stock units to Ralph Alvarez's deferred compensation account under the Directors' Deferred Compensation Plan on 09/30/2025.

How is the phantom stock described in the filing?

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

What valuation was reported for the phantom units?

The filing lists a per-unit value of $251.31 for the phantom stock credited.

How many shares does Ralph Alvarez beneficially own after the transaction?

The filing shows a total beneficial ownership equivalent of 19,966.658 shares following the credited phantom units and dividend credits.

When was the Form 4 signed and filed?

The signature by power of attorney is dated 10/02/2025, and the transaction date is 09/30/2025.