Boltz William P 4

What Happened

• William P. Boltz, Executive Vice President — Merchandising at Lowe's (LOW), received a grant of 9,535 restricted shares (code A) on April 1, 2026. Those shares were awarded at $0.00 and will fully vest on April 1, 2029.
• On the same date he delivered (disposed) 2,237 shares (code F) to satisfy withholding taxes related to restricted shares that vested on April 1, 2026. The delivered shares were valued at $235.98 each for a total of $527,887. This disposal was a tax-withholding transaction, not an open-market sale.

Key Details

• Transaction dates: April 1, 2026 (grant and tax-withholding delivery); Form filed April 2, 2026.
• Prices/values: 9,535 shares acquired at $0.00 (restricted award); 2,237 shares delivered at $235.98 each = $527,887.
• Shares owned after transaction: the filing notes direct holdings include 106 shares from the Employee Stock Purchase Plan; total post-transaction holdings are not specified in the summary provided.
• Footnotes: F1 — shares delivered to satisfy withholding on restricted shares granted 4/1/2023; F3 — the new restricted shares are granted under the 2006 Long Term Incentive Plan and vest 4/1/2029; F2 — 106 ESPP shares are part of direct holdings.
• Timeliness: Filing date (4/2/2026) follows the 4/1/2026 transactions; no late filing flag indicated.

Context

• The acquisition is a compensation award (restricted stock) rather than an open-market purchase—common for executive pay and not necessarily a direct bullish signal. The disposed shares were used to cover tax withholding upon vesting of prior restricted stock (a routine administrative step).