Seemantini Godbole - Apr 1, 2024 Form 4 Insider Report for LOWES COMPANIES INC (LOW)

Role
EVP, Chief Information Officer
Signature
By: /s/ Sandra Felton by power of attorney for: Seemantini Godbole
Stock symbol
LOW
Transactions as of
Apr 1, 2024
Transactions value $
-$1,642,506
Form type
4
Date filed
4/3/2024, 04:42 PM
Previous filing
Mar 25, 2024
Next filing
May 28, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOW Common Stock Options Exercise $0 +11.8K +55.42% $0.00 33K Apr 1, 2024 Direct F1
transaction LOW Common Stock Tax liability -$1.64M -6.59K -19.95% $249.28 26.4K Apr 1, 2024 Direct F2
transaction LOW Common Stock Award $0 +3.67K +13.89% $0.00 30.1K Apr 1, 2024 Direct F3

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 Options Exercise $0 -11.8K -100% $0.00* 0 Apr 1, 2024 Common Stock 11.8K Direct F4
transaction LOW Non-Qualified Stock Option (right to buy) Award $0 +10.8K $0.00 10.8K Apr 1, 2024 Common Stock 10.8K $249.28 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance share unit represented a contingent right to receive one share of the Issuer's common stock upon the achievement of certain pre-established metrics over the three-year performance period ending at the end of fiscal 2023.
F2 Reflects shares delivered by reporting person to satisfy withholding taxes due upon vesting of performance share units and restricted shares granted on April 1, 2021.
F3 Restricted stock granted pursuant to 2006 Long Term Incentive Plan. These shares will fully vest on April 1, 2027.
F4 At the vest date, the performance share units earned converted into an equivalent number of shares of the Issuer's common stock.
F5 The option vests in three annual installments beginning on April 1, 2025.