What are the terms of the 9,535-share restricted stock grant to LOW EVP McFarland?

The 9,535-share restricted stock grant to Joseph Michael McFarland was issued under the 2006 Long Term Incentive Plan. According to the disclosure, these restricted shares will fully vest on April 1, 2029, aligning the award with a long-term performance and retention horizon.

LOWES (NYSE: LOW) EVP McFarland gets 9,535 restricted shares, 2,314 withheld for taxes

Q: Was Joseph McFarland’s 2,314-share LOW disposition an open-market sale?

No, the 2,314-share disposition was not an open-market sale. The shares were delivered to satisfy withholding taxes due upon vesting of restricted shares granted on April 1, 2023, making it a tax-withholding event rather than a discretionary market transaction.

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

LOWES COMPANIES INC executive Joseph Michael McFarland reported compensation-related share movements. He received a grant of 9,535 shares of common stock, recorded at a transaction price of $0.00 per share, increasing his direct holdings to 73,787 shares.

On the same date, 2,314 shares were delivered to cover withholding taxes due on the vesting of restricted shares originally granted on April 1, 2023, at a reference price of $235.98 per share. The newly granted restricted stock was issued under the 2006 Long Term Incentive Plan and is scheduled to fully vest on April 1, 2029.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider McFarland Joseph Michael

Role EVP, Stores

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	2,314	$235.98	$546K
Grant/Award	Common Stock	9,535	$0.00	--

Holdings After Transaction: Common Stock — 64,252 shares (Direct)

Footnotes (1)

Reflects shares delivered by reporting person to satisfy withholding taxes due upon vesting of restricted shares granted on April 1, 2023. Restricted stock granted pursuant to 2006 Long Term Incentive Plan. These shares will fully vest on April 1, 2029.

Key Figures

Tax-withholding shares: 2,314 shares Tax-withholding reference price: $235.98 per share Restricted stock grant: 9,535 shares +4 more

7 metrics

Tax-withholding shares 2,314 shares Shares delivered for withholding taxes on vested restricted stock

Tax-withholding reference price $235.98 per share Price applied to 2,314-share tax-withholding disposition

Restricted stock grant 9,535 shares New award of common stock to EVP, Stores

Grant transaction price $0.00 per share Compensation-related acquisition, not an open-market purchase

Post-transaction holdings 73,787 shares Direct common stock held after grant and tax withholding

Vesting date of new grant April 1, 2029 Full vesting date for 9,535 restricted shares

Original grant vesting taxed April 1, 2023 Date of restricted shares whose vesting triggered tax withholding

Key Terms

restricted shares, Restricted stock, 2006 Long Term Incentive Plan, withholding taxes, +1 more

5 terms

restricted shares financial

"Reflects shares delivered by reporting person to satisfy withholding taxes due upon vesting of restricted shares granted on April 1, 2023."

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

Restricted stock financial

"Restricted stock granted pursuant to 2006 Long Term Incentive Plan."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

2006 Long Term Incentive Plan financial

"Restricted stock granted pursuant to 2006 Long Term Incentive Plan."

withholding taxes financial

"Reflects shares delivered by reporting person to satisfy withholding taxes due upon vesting of restricted shares granted on April 1, 2023."

Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.

tax-withholding disposition financial

"transaction_action: tax-withholding disposition"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 04:55 PM

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^*

McFarland Joseph Michael

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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)
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)
Common Stock	04/01/2026		F		2,314⁽¹⁾	D	$235.98	64,252	D
Common Stock	04/01/2026		A		9,535⁽²⁾	A	$0	73,787	D

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)

Explanation of Responses:

1. Reflects shares delivered by reporting person to satisfy withholding taxes due upon vesting of restricted shares granted on April 1, 2023.

2. Restricted stock granted pursuant to 2006 Long Term Incentive Plan. These shares will fully vest on April 1, 2029.

Remarks:

	By: /s/ Sandra Felton by power of attorney for: Joseph M. McFarland III	04/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did LOW EVP Joseph McFarland report on this Form 4 for LOW?

Joseph Michael McFarland reported two compensation-related moves: a grant of 9,535 shares of LOW common stock and a tax-withholding disposition of 2,314 shares. Both transactions involved restricted stock awards rather than open-market buying or selling of shares.

How many LOW shares does Joseph McFarland hold after these Form 4 transactions?

After these transactions, Joseph Michael McFarland directly holds 73,787 shares of LOW common stock. This figure reflects his position following the 9,535-share restricted stock grant and the 2,314 shares delivered to satisfy withholding taxes tied to earlier restricted stock vesting.

What transaction prices are reported for Joseph McFarland’s LOW Form 4 entries?

The restricted stock grant of 9,535 LOW shares is recorded at a transaction price of $0.00 per share, reflecting a compensation grant. The 2,314-share tax-withholding disposition references a price of $235.98 per share for calculating the value of shares delivered for withholding.