Lowe's Director Lawrence Simkins Receives Deferred Phantom Stock Award

Transaction Summary

On September 30, 2026, Lawrence Simkins, a member of the Board of Directors of Lowe's Companies, Inc. (NYSE: LOW), was credited with 135.656 shares of Phantom Stock at an implied price of $184.29 per share, amounting to approximately $25,000.00 in total value.

Following this transaction, the reporting person holds a total of 1,112.986 shares of phantom stock in the company.

Filing Details & Footnotes

• Transaction Code: 'A' indicates a grant, award, or other acquisition pursuant to Rule 16b-3(d).
• Deferred Compensation Plan: According to Footnote 1, the shares represent the quarterly credit of deferred director fees under the Issuer's Directors' Deferred Compensation Plan.
• Terms of Phantom Stock: Under Footnote 2, each unit of phantom stock represents the economic equivalent of one share of Lowe's common stock and is payable in cash when the reporting person ceases to serve on the Board.
• Accumulated Balance: Footnote 3 clarifies that post-transaction amounts also account for dividend reinvestment credits accumulated under the plan.

Market & Strategic Context

This filing reflects regular, scheduled director compensation structured through a deferred equity-linked mechanism rather than a discretionary open-market trade. Routine compensation-related issuances carry minimal informational signal regarding insider sentiment on valuation or immediate corporate performance.