Form 4: Lowe's Executive Margrethe R. Vagell Reports Stock Transaction
SEC Form 4 Filing
EVP of Supply Chain at Lowe's, Margrethe R. Vagell, reports disposition of shares to cover withholding taxes upon vesting of restricted stock.
Summary
- On September 15, 2024, Margrethe R. Vagell, EVP of Supply Chain at Lowe's Companies Inc., disposed of 215 shares of common stock to satisfy withholding taxes due upon the vesting of restricted shares.
- The transaction was executed at a price of $255.41 per share.
- Following the transaction, Vagell directly owns 13,214 shares of Lowe's common stock, which includes 56 shares acquired under the Lowe's Employee Stock Purchase Plan.
- Vagell also indirectly owns 865.7019 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transaction is a routine part of executive compensation. Therefore, the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction related to executive compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small number of shares related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/15/2021 | Date of original restricted share grant. |
| 09/15/2024 | Date of stock transaction (disposal of shares). |
| 09/17/2024 | Date of Form 4 filing. |
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