4Filed Sep 15, 8:00 PM ET
Lowe's EVP Vance Quonta D Receives Restricted Stock; Sells 848 Shares
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Lowe's EVP Vance Quonta D Receives Restricted Stock; Sells 848 Shares
What Happened
- Vance Quonta D, Executive Vice President, Stores at Lowe's (LOW), had 2,009 restricted shares granted on 2026-09-15 and delivered 848 shares to satisfy tax withholding related to a prior restricted-share grant. The delivered shares were valued at $194.61 each (848 × $194.61 = $165,029). The new restricted shares were recorded at $0.00 (non‑cash grant).
Key Details
- Transaction date: 2026-09-15; filing date (Form 4): 2026-09-16 (timely).
- Disposition: 848 shares disposed at $194.61 per share for $165,029 (code F — shares delivered to satisfy tax withholding).
- Acquisition: 2,009 restricted shares granted at $0.00 (code A — award/grant).
- Shares owned after transaction: filing does not list a simple total; direct holdings specifically include 58 shares from the Lowe's Employee Stock Purchase Plan (F2), plus the newly granted 2,009 restricted shares.
- Notable footnotes: F1 — the 848 shares were delivered to satisfy withholding taxes on restricted shares granted 9/15/2023; F3 — the 2,009 restricted shares are under the 2006 Long Term Incentive Plan and will fully vest on 9/15/2029.
- Transaction codes explained: A = Award/Grant; F = Payment of tax liability (withholding).
Context
- This was not an open‑market sale driven by a desire to raise cash; the 848‑share disposition reflects a routine tax‑withholding action tied to equity vesting. The 2,009 shares are restricted and do not vest until 2029, so they are not immediately liquid. Routine withholdings and grants are common in executive compensation and do not, by themselves, indicate a change in insider sentiment.