Seemantini Godbole - 01 Apr 2022 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
Issuer symbol
LOW
Transactions as of
01 Apr 2022
Net transactions value
-$1,904,382
Form type
4
Filing time
05 Apr 2022, 07:43:52 UTC
Previous filing
21 Mar 2022
Next filing
23 Aug 2022
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 +16,940 +64% $0.000000 43,499 01 Apr 2022 Direct F1
transaction LOW Common Stock Tax liability $1,904,382 -9,409 -22% $202.40 34,090 01 Apr 2022 Direct F2
transaction LOW Common Stock Award $0 +4,182 +12% $0.000000 38,272 01 Apr 2022 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 -16,940 -100% $0.000000* 0 01 Apr 2022 Common Stock 16,940 Direct F4
transaction LOW Non-Qualified Stock Option (right to buy) Award $0 +14,275 $0.000000 14,275 01 Apr 2022 Common Stock 14,275 $202.40 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 2021.
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, 2019.
F3 Restricted stock granted pursuant to 2006 Long-Term Incentive Plan. The shares will fully vest on April 1, 2025.
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, 2023.