DREILING RICHARD W 4

What Happened

• Richard W. Dreiling, a director of Lowe's Companies, Inc. (LOW), was granted 1,003 deferred stock units on 2026-05-29. The grant is recorded as an acquisition at $0.00 (transaction code A — award/grant) and is reported as a derivative instrument that will convert into common shares under the plan terms.
• This is a director compensation award (not a market purchase or sale), so it is a routine non-cash grant rather than a direct buy or sell of stock.

Key Details

• Transaction date: 2026-05-29; filing date: 2026-06-01 (filed timely).
• Reported acquisition: 1,003 Deferred Stock Units at $0.00 (derivative award).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote summaries:
  • F1: Units vest 100% on the earlier of one year after grant or the day before Lowe's 2027 annual meeting; each unit converts into one share immediately after the reporting person stops serving on the board.
  • F2: Dividends are credited to the reporting person’s deferred stock account under the company’s long-term incentive plan.
• No indication of a 10b5-1 plan, tax-withholding sale, or late filing in this report.

Context

• Deferred stock units are commonly used for director compensation to align interests with shareholders; they don’t represent an immediate cash purchase or sale by the insider. The units only become actual shares upon conversion (here, when Dreiling leaves the board), so this grant is a routine compensation event rather than a direct signal about Dreiling’s near-term view on Lowe’s stock.