Alvarez Ralph 4

What Happened

• Ralph Alvarez, a member of the Board of Directors of Lowes Companies, Inc., received a grant of 1,003 Deferred Stock Units on 2026-05-29. The award was reported as a derivative grant with an acquisition price of $0.00 (no cash exchanged).

Key Details

• Transaction date: 2026-05-29; filing date: 2026-06-01 (no late filing flag indicated in the filing).
• Grant size and price: 1,003 Deferred Stock Units at $0.00 (derivative award).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 — Units vest 100% on the earlier of the first anniversary of grant or the day before Lowes' 2027 Annual Meeting; each unit converts into one share of common stock immediately after the director’s service terminates. F2 — Dividends are credited to the deferred stock account under the company’s 2006 Long Term Incentive Plan (as amended).

Context

• This is a typical director compensation grant (deferred equity) rather than an open-market purchase or sale. The units are vested/held as deferred stock and convert to actual shares upon termination of board service (with dividend equivalents credited), so they do not represent immediately tradeable shares.