Lowe's Director Lawrence Simkins Receives $25K Phantom Stock Award

What Happened

• Lawrence Simkins, a director of Lowe's Companies, Inc. (LOW), was credited with 135.656 units of phantom stock (derivative award) on 2026-09-30. The units are valued at $184.29 each, for a total reported value of $25,000. This was a grant/award under the company's directors' deferred compensation plan (transaction code A).

Key Details

• Transaction date and price: 2026-09-30; 135.656 units at $184.29 each; total value $25,000.
• Transaction type: A — grant/award (derivative/phantom stock), not an open-market purchase or sale.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 — credited to the reporting person's deferred stock account under the Directors' Deferred Compensation Plan; F2 — each phantom share equals the economic value of one common share and becomes payable in cash when the director leaves the board; F3 — includes credited dividends to the deferred stock account.
• Filing timeliness: Report filed 2026-10-01 for a 2026-09-30 transaction (timely filing).

Context

• This was a deferred-compensation credit of phantom stock (a derivative right to cash equal to share value), not a cash purchase or sale of common stock. Phantom stock typically pays out in cash (or equivalent) upon termination of service and is commonly used to align directors' interests with shareholders without immediate stock issuance. This type of award is routine compensation and should not be interpreted as an immediate market buy or sell signal.