Joseph M. McFarland - 17 Mar 2022 Form 4 Insider Report for LOWES COMPANIES INC (LOW)

Role: EVP, Stores
Signature: By: /s/ Sandra Felton by power of attorney for: Joseph M. McFarland III
Issuer symbol: LOW
Transactions as of: 17 Mar 2022
Transactions value $: $0
Form type: 4
Filing time: 21 Mar 2022, 08:03:07 UTC
Previous filing: 05 Oct 2021
Next filing: 05 Apr 2022
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LOW	Performance Share Units	Award	$0	+27.5K		$0.00	27.5K	17 Mar 2022	Common Stock	27.5K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each performance share unit represents a contingent right to receive one share of the Issuer's common stock. The performance share units were granted on April 1, 2019 and were subject to the achievement of certain pre-established metrics over the three-year performance period ending at the end of fiscal 2021. On March 17, 2022, the Compensation Committee of the Issuer's Board of Directors certified the performance metrics and determined the number of performance share units that were earned. The performance share units continue to be subject to a service condition that will be satisfied on April 1, 2022.

Content

Each performance share unit represents a contingent right to receive one share of the Issuer's common stock. The performance share units were granted on April 1, 2019 and were subject to the achievement of certain pre-established metrics over the three-year performance period ending at the end of fiscal 2021. On March 17, 2022, the Compensation Committee of the Issuer's Board of Directors certified the performance metrics and determined the number of performance share units that were earned. The performance share units continue to be subject to a service condition that will be satisfied on April 1, 2022.