LOW Director Richard Dreiling Receives Phantom Stock Award

What Happened

• Richard W. Dreiling, a director of Lowe's Companies, Inc. (LOW), was credited with 298.443 shares of phantom stock (derivative award) on September 30, 2026.
• The award is reported at $184.29 per share for a total value of $55,000. This is an award/deferred-compensation credit (not an open-market purchase or sale).

Key Details

• Transaction date and type: 2026-09-30 — Grant/award or other acquisition (A).
• Price/value: 298.443 phantom shares × $184.29 = $55,000.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• 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; the reporting person becomes entitled to the cash value upon ceasing to be a director.
  • F3: Includes credited dividends to the deferred stock account.
• Filing timeliness: Form filed 2026-10-01 for a 2026-09-30 transaction (filed the next business day).

Context

• This was a deferred compensation award (phantom stock) rather than issuance of actual common shares or a market trade. Phantom shares track the economic value of common stock and typically pay out in cash (or equivalent) when the director leaves service. Such grants are routine director compensation and do not directly indicate immediate insider buying or selling of common stock.