Colleen Taylor (NYSE: LOW) adds phantom stock via deferred pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Taylor Colleen reported acquisition or exercise transactions in this Form 4 filing.
LOWES COMPANIES INC director Colleen Taylor reported an automatic award of phantom stock units tied to deferred compensation. She received 52.903 shares of phantom stock, credited to her deferred stock account under the company’s Directors' Deferred Compensation Plan.
Each phantom stock unit is the economic equivalent of one share of Lowe’s common stock and will be settled in cash when she ceases to be a director. Following this credit and related dividend credits, her deferred stock account holds 1,366.865 phantom stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Taylor Colleen
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 52.903 | $236.28 | $12K |
Holdings After Transaction:
Phantom Stock — 1,366.865 shares (Direct)
Footnotes (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 units granted: 52.903 units
Price per phantom stock unit: $236.2800 per unit
Total phantom stock after transaction: 1,366.865 units
+2 more
5 metrics
Phantom stock units granted
52.903 units
Grant/award acquisition to deferred stock account
Price per phantom stock unit
$236.2800 per unit
Reference price for phantom stock grant
Total phantom stock after transaction
1,366.865 units
Deferred stock account balance following grant
Conversion or exercise price
$0.0000
Phantom stock economic equivalence to common stock
Underlying security shares
52.903 shares
Underlying common stock equivalent for the phantom units
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 of common stock."
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
"credit of deferred compensation to the Reporting Person's deferred stock account under the Issuer's Directors' Deferred Compensation Plan."
deferred stock account financial
"Includes the credit of dividends to the Reporting Person's deferred stock account under the Issuer's Directors' Deferred Compensation Plan."
FAQ
What did Colleen Taylor report in this Form 4 for LOW?
Colleen Taylor reported an automatic award of 52.903 phantom stock units. These were credited to her deferred stock account under Lowe’s Directors' Deferred Compensation Plan as part of her director compensation.
What is phantom stock in the context of LOWES COMPANIES INC?
For Lowe’s, each phantom stock unit is economically equivalent to one share of common stock. Instead of receiving actual shares now, the director will receive the cash value of the phantom units upon leaving the board.
How many phantom stock units does Colleen Taylor hold after this transaction at LOW?
After the transaction, Colleen Taylor’s deferred stock account shows a total of 1,366.865 phantom stock units. This total includes the new 52.903-unit credit and prior balances, plus credited dividends under the deferred compensation plan.
Was this Form 4 for LOW a market buy or sell by Colleen Taylor?
This Form 4 does not report a market buy or sell. It records a grant or award acquisition of 52.903 phantom stock units as deferred director compensation, rather than an open-market stock purchase or sale.
When will Colleen Taylor receive value from these LOW phantom stock units?
Colleen Taylor becomes entitled to the cash value of the phantom stock when she ceases to be a Lowe’s director. Until then, the units remain in her deferred stock account and receive credited dividends under the plan.