DREILING RICHARD W 4

What Happened Richard W. Dreiling, a director of Lowe's Companies, Inc. (LOW), received an award/credit of 232.775 phantom shares on 2026-03-31. The award was reported as a derivative acquisition (code A) at a per-share value of $236.28, totaling $55,000. This is a deferred compensation credit (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-03-31; Filing date: 2026-04-01 (Accession: 0000060667-26-000036).
• Instrument: Phantom stock (derivative award) — 232.775 shares @ $236.28 each; total value $55,000.
• Transaction code: A (grant/award or other acquisition); reported as derivative.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes: F1 = credited to director's deferred stock account; F2 = each phantom share equals the economic value of one common share, payable in cash when Dreiling ceases to be a director; F3 = dividends are credited to the deferred account.
• No indication in the filing that this was a late report.

Context This award reflects routine director deferred compensation (phantom stock) rather than a purchase or sale of company stock. Phantom shares are a form of deferred cash compensation tied to the company’s share price and typically pay out in cash when the director leaves the board; they do not represent current tradable shares.