Form 4: Lowe's Executive Quonta D. Vance Reports Stock Transaction
SEC Form 4 Filing
EVP Quonta D. Vance reports disposition of Lowe's shares to cover tax obligations upon vesting of restricted stock.
Summary
- Quonta D. Vance, an Executive Vice President at Lowe's Companies Inc., reported a transaction involving Lowe's common stock on September 15, 2024.
- The transaction involved the disposition of 215 shares to satisfy withholding taxes due upon the vesting of restricted shares granted on September 15, 2021.
- The price per share for the disposition was $255.41.
- Following the transaction, Vance directly owns 16,703 shares of Lowe's common stock, which includes 56 shares acquired under the Lowe's Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction related to tax obligations and does not indicate any strategic shift or concern.
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 and tax obligations.
Stakeholder Impact
- The transaction has minimal direct impact on stakeholders as it is a routine sale of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 09/15/2021 | Date of restricted shares grant. |
| 09/15/2024 | Date of stock transaction (disposition of shares for tax withholding). |
| 09/17/2024 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.