Form 4: Lowe's Director Bertram L. Scott Acquires Deferred Stock Units

Director Bertram L. Scott acquired 1,000 deferred stock units in Lowe's Companies, Inc.

Summary

• On May 31, 2024, Bertram L. Scott, a director of Lowe's Companies, Inc., acquired 1,000 deferred stock units.
• These units vest on the earlier of the first anniversary of the grant date or the day before the 2025 Annual Meeting of Shareholders.
• Each deferred stock unit will convert into one share of Lowe's common stock upon termination of Scott's service as a board member.
• Following the transaction, Scott directly owns 14,531.541 shares of Lowe's common stock, which includes credited dividends under the company's 2006 Long Term Incentive Plan.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment as it aligns director interests with company performance.

Positives

• The acquisition of deferred stock units aligns the director's interests with the long-term performance of the company.
• The vesting schedule encourages continued service on the board.

Future Outlook

The deferred stock units will vest no later than the day before the 2025 Annual Meeting of Shareholders and will convert to common stock upon termination of the director's service.

Industry Context

This filing is a routine disclosure of a director's stock-based compensation, common in publicly traded companies to align management and shareholder interests.

Comparison to Industry Standards

• Director compensation packages often include deferred stock units to incentivize long-term value creation.
• Vesting schedules and conversion terms are typical components of such arrangements, aligning with industry norms for executive compensation.

Stakeholder Impact

• The acquisition of deferred stock units aligns the director's interests with those of shareholders, potentially encouraging decisions that enhance long-term shareholder value.

Key Dates