DREILING RICHARD W 4

What Happened Richard W. Dreiling, a director of Lowe's Companies, Inc. (LOW), was credited with 258.216 shares (derivative/phantom stock) on 2026-07-09 at a per-share value of $213.00, for a reported value of $55,000. This was an award/credit to his directors' deferred compensation account (transaction code A), not an open-market purchase of common stock.

Key Details

• Transaction date: 2026-07-09; filing date: 2026-07-10 (timely filing).
• Quantity and value: 258.216 phantom shares × $213.00 = $55,000 (reported as a derivative award).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnotes: F1 — credit to the director's deferred stock account; F2 — each phantom share equals one common share in economic value and becomes payable in cash when he ceases to be a director; F3 — dividends are credited to the deferred account.
• Transaction code: A (award/grant), derivative security (not immediate common-stock ownership).

Context This is a deferred-compensation award (phantom stock) credited to a director's deferred stock account. Unlike an outright purchase or sale, the award represents a future cash entitlement tied to Lowe's share value upon separation from the board, so it does not necessarily indicate an immediate change in share ownership or a direct market signal.