Donald Frieson - Mar 23, 2023 Form 4 Insider Report for LOWES COMPANIES INC (LOW)

Role: EVP, Supply Chain
Signature: By: /s/ Sandra Felton by power of attorney for: Donald E. Frieson
Stock symbol: LOW
Transactions as of: Mar 23, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/27/2023, 05:00 PM
Previous filing: Mar 16, 2023
Next filing: Apr 4, 2023

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	+23.5K		$0.00	23.5K	Mar 23, 2023	Common Stock	23.5K		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 September 1, 2020 and were subject to the achievement of certain pre-established metrics over the three-year performance period ending at the end of fiscal 2022. On March 23, 2023, 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, 2023.

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 September 1, 2020 and were subject to the achievement of certain pre-established metrics over the three-year performance period ending at the end of fiscal 2022. On March 23, 2023, 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, 2023.