Form 4: Brian C. Rogers Reports Lowe's Companies Inc. Phantom Stock Acquisition

Director Brian C. Rogers reports acquisition of phantom stock in Lowe's Companies Inc. through deferred compensation and dividend credits.

Summary

• Brian C. Rogers, a director of Lowe's Companies Inc., filed a Form 4 on January 2, 2025, reporting a transaction that occurred on December 31, 2024.
• Rogers acquired 101.297 shares of phantom stock through a credit of deferred compensation to his deferred stock account under the Issuer's Directors' Deferred Compensation Plan.
• The price of the phantom stock was $246.8 per share.
• Rogers also received a credit of dividends to his deferred stock account.
• Following the reported transaction, Rogers beneficially owns 4,887.607 shares of phantom stock directly.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and alignment of director interests with the company.

Positives

• The acquisition of phantom stock indicates continued alignment of the director's interests with the company's performance.
• The deferred compensation plan allows directors to accumulate company stock over time.

Future Outlook

The reporting person becomes entitled to the cash value of the phantom stock upon ceasing to be a director of the Issuer.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it relates to director compensation and does not involve significant cash flow.

Key Dates