Form 4: Lowe's Director Colleen Taylor Reports Phantom Stock Acquisition

Director Colleen Taylor reported the acquisition of phantom stock units related to deferred compensation and dividend credits in Lowe's Companies Inc.

Summary

• Colleen Taylor, a director of Lowe's Companies Inc., filed a Form 4 detailing changes in beneficial ownership.
• The report indicates the acquisition of 46.151 units of phantom stock on September 30, 2024, at a price of $270.85 per unit.
• These phantom stock units are credited to Taylor's deferred stock account under the Issuer's Directors' Deferred Compensation Plan.
• Each phantom stock unit is economically equivalent to one share of Lowe's common stock.
• Taylor will receive the cash value of the phantom stock upon ceasing to be a director.
• The report also includes a credit of dividends to the deferred stock account.
• Following the reported transaction, Taylor beneficially owns 810.668 derivative securities.

Sentiment

Score: 7

Explanation: Routine filing indicating standard compensation practices; no significant positive or negative implications.

Future Outlook

The reporting person will receive cash for the phantom stock upon ceasing to be a director of the Issuer.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's securities, providing transparency to investors.

Key Dates