Simkins Lawrence 4

What Happened

• Lawrence Simkins, a director of Lowe's Companies, Inc. (LOW), received a deferred-compensation award on 2026-03-31 consisting of 105.807 phantom shares priced at $236.28 each, for a total reported value of $25,000. This was an award/credit to his directors' deferred stock account (derivative, code A), not an open-market purchase.

Key Details

• Transaction date: 2026-03-31; filing date: 2026-04-01 (Form 4 accession 0000060667-26-000039).
• Award: 105.807 phantom shares at $236.28 per share; total value $25,000.
• Shares owned after transaction: not reported in this filing.
• Footnotes: the shares were credited under the Issuer's Directors' Deferred Compensation Plan (F1); each phantom share is economically equivalent to one common share and the reporting person is entitled to cash value upon ceasing to be a director (F2); dividends are credited to the deferred account (F3).
• Transaction type: derivative award (not a market purchase or sale); no 10b5-1 plan or tax withholding noted; filing shows no lateness flag.

Context

• Phantom-stock awards are a form of deferred compensation that track the value of company stock but typically pay out in cash when the director leaves service. Because this is compensation-crediting (not a purchase), it should not be interpreted as a direct buy/sell signal about the director's short-term view of the stock. Such grants are routine for board members as part of director pay.