Taylor Colleen 4

What Happened
Taylor Colleen, a director of Lowe's Companies Inc. (LOW), received a grant of 58.685 phantom shares (derivative award) on July 9, 2026. The award is reported at $213.00 per share for an aggregate value of $12,500. This was a deferred compensation credit (an award), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-09; Form 4 filed 2026-07-10 (timely filing).
• Transaction type: Award/Grant (code A) — derivative (phantom stock).
• Units credited: 58.685 phantom shares @ $213.00 each; total ~$12,500.
• Shares owned after transaction: Not stated in the provided filing excerpt.
• Notable footnotes:
  • F1 — Credit to the Reporting Person's deferred stock account under the Directors' Deferred Compensation Plan.
  • F2 — Each phantom share equals the economic equivalent of one common share; payable in cash when the director leaves the board.
  • F3 — Dividends are credited to the deferred stock account.
• Implication: This is compensation for board service (derivative/cash-settled) rather than a market buy or sell.

Context
Phantom stock is a deferred, cash-settled instrument that tracks the value of common shares but does not convey current voting rights or direct stock ownership; the holder receives cash (the economic value) when specified conditions are met (here, upon ceasing to be a director). Such awards are routine for non-employee directors and should be viewed as compensation rather than a direct signal of insider buying or selling.