Simkins Lawrence 4
4 · LOWES COMPANIES INC · Filed Jun 1, 2026
Research Summary
AI-generated summary of this filing
Lowe's (LOW) Director Lawrence Simkins Receives Award
What Happened
Lawrence Simkins, a director of Lowe's Companies, Inc. (LOW), received an award of 1,003 deferred stock units (reported as a derivative acquisition) on 2026-05-29. The units were granted at $0.00 (no cash paid) and are recorded as a derivative award rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-29; Filing date (Form 4): 2026-06-01 — filed within the required two-business-day window.
- Transaction type/code: A (Grant/Award), derivative units; reported acquisition price $0.00.
- Shares/units granted: 1,003 Deferred Stock Units (DSUs).
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes:
- F1 — DSUs vest 100% on the earlier of the first anniversary of the grant or the day before Lowe's 2027 Annual Meeting; each DSU converts into one share immediately after the director's board service ends.
- F2 — Includes dividend credits to the deferred stock account under the company's long-term incentive plan.
Context
This was a board award (compensation), not an open-market purchase or sale. DSUs represent future share issuance tied to board service and vesting conditions, so they do not necessarily reflect immediate buying or selling sentiment. The award may provide long-term alignment with shareholders since units convert to shares (and accrue dividends) under the plan terms.
Insider Transaction Report
- Award
Deferred Stock Units
[F1][F2]2026-05-29+1,003→ 3,061.554 totalExercise: $0.00→ Common Stock (1,003 underlying)
Footnotes (2)
- [F1]The Deferred Stock Units shall be 100% vested on the earlier of the first anniversary of the date of grant and the day immediately preceding the Issuer's 2027 Annual Meeting of Shareholders. Each Deferred Stock Unit shall convert into one share of the Issuer's common stock immediately after termination of the Reporting Person's service as a member of the Board of Directors of the Issuer.
- [F2]Includes the credit of dividends to the Reporting Person's deferred stock account under the Issuer's 2006 Long Term Incentive Plan, as amended and restated.