William P. Boltz - 01 Apr 2023 Form 4 Insider Report for LOWES COMPANIES INC (LOW)

Role
EVP, Merchandising
Signature
By: /s/ Sandra Felton by power of attorney for: William P. Boltz
Issuer symbol
LOW
Transactions as of
01 Apr 2023
Net transactions value
-$4,084,187
Form type
4
Filing time
04 Apr 2023, 16:47:19 UTC
Previous filing
27 Mar 2023
Next filing
30 May 2023
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 +36,982 +147% $0.000000 62,150 01 Apr 2023 Direct F1, F2
transaction LOW Common Stock Tax liability $4,084,187 -20,424 -33% $199.97 41,726 01 Apr 2023 Direct F3
transaction LOW Common Stock Award $0 +5,279 +13% $0.000000 47,005 01 Apr 2023 Direct F4

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 -36,982 -100% $0.000000* 0 01 Apr 2023 Common Stock 36,982 Direct F5
transaction LOW Non-Qualified Stock Option (right to buy) Award $0 +16,157 $0.000000 16,157 01 Apr 2023 Common Stock 16,157 $199.97 Direct F6
* 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 2022.
F2 Direct holdings include 58 shares acquired under the Lowe's Employee Stock Purchase Plan.
F3 Reflects shares delivered by reporting person to satisfy withholding taxes due upon vesting of performance share units granted on September 1, 2020 and restricted shares granted on April 1, 2020.
F4 Restricted stock granted pursuant to 2006 Long Term Incentive Plan. The shares will fully vest on April 1, 2026.
F5 At the vest date, the performance share units earned converted into an equivalent number of shares of the Issuer's common stock.
F6 The option vests in three annual installments beginning on April 1, 2024.