Ellison Marvin R 4

What Happened Marvin R. Ellison, Chairman, President & CEO of Lowe's Companies (LOW), received a grant of 37,292 restricted shares (reported as an acquisition, A) on April 1, 2026. On the same date he delivered 7,875 shares (reported as a disposition for tax withholding, F) at a reported per-share value of $235.98, equal to $1,858,343, to satisfy withholding taxes. The grant was reported at $0 acquisition price because these are restricted stock awards.

Key Details

• Transaction date: April 1, 2026 (filed April 2, 2026).
• Withheld/disposed shares: 7,875 at $235.98 — total $1,858,343 (code F — tax withholding).
• Grant/acquired shares: 37,292 restricted shares (code A) reported at $0.
• Footnotes: Withheld shares were delivered to satisfy taxes on restricted shares that vested from the April 1, 2023 grant (F1). The new restricted shares are granted under the 2006 Long Term Incentive Plan and will fully vest on April 1, 2029 (F2).
• Shares owned after the transactions: not specified in this filing.
• Filing timeliness: Reported the day after the transactions (timely, not marked late).

Context This filing reflects a routine equity award plus a share-withholding transaction to cover taxes. The 37,292-share item is a restricted stock grant (long-term incentive) that vests in the future (2029) — not an open-market purchase or sale. The delivery of 7,875 shares for tax withholding is a common administrative step and should not be read as an outright market sale signaling sentiment.