Baxter Scott H 4

What Happened
Scott H. Baxter, a director of Lowe's Companies, Inc. (LOW), received a grant of 1,003 Deferred Stock Units (DSUs) on 2026-05-29. The Form 4 reports the units were acquired at $0.00 (transaction code A — award/grant). The filing shows no cash was paid; the Form does not report an immediate market value realized.

Key Details

• Transaction date: 2026-05-29; Form filed 2026-06-01 (filed timely under Form 4 rules).
• Award: 1,003 Deferred Stock Units (derivative instrument), acquired at $0.00 (grant).
• Shares owned after transaction: not specified in the provided filing.
• Footnote F1: DSUs vest 100% on the earlier of the first anniversary of the grant or the day before the issuer's 2027 Annual Meeting; each DSU converts into one share of common stock immediately after the reporting person’s service as a director ends.
• Footnote F2: Dividends are credited to the reporting person’s deferred stock account under Lowe’s 2006 Long Term Incentive Plan, as amended.

Context
DSUs are a form of deferred compensation for directors: they are not immediately issued common shares and typically convert to actual shares (or cash equivalent) only upon the director’s departure per the plan terms. This grant is an award (routine compensation), not an open-market purchase or sale, so it does not signal an immediate trading decision by the director.