Form 4: Lowe's Executive Quonta D. Vance Reports Stock Transaction
SEC Form 4 Filing
EVP Quonta D. Vance reports disposition of Lowe's common stock to cover withholding taxes upon vesting of restricted shares.
Summary
- On March 15, 2024, Quonta D. Vance, EVP of Pro & Home Services at Lowe's Companies Inc., disposed of 93 shares of common stock to satisfy withholding taxes.
- The transaction occurred at a price of $244.73 per share.
- Following the transaction, Vance directly owns 13,273 shares of Lowe's common stock, which includes 62 shares acquired under the Lowe's Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting a standard transaction related to executive compensation and tax obligations. It doesn't inherently indicate positive or negative sentiment regarding the company's performance.
Industry Context
This is a routine Form 4 filing, which is common for corporate executives who receive stock options or restricted stock as part of their compensation. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a routine transaction by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/15/2021 | Date of original restricted shares grant. |
| 03/15/2024 | Date of stock transaction (disposal of shares). |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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