Dan Clayton Griggs Jr - Apr 1, 2023 Form 4 Insider Report for LOWES COMPANIES INC (LOW)

Role
SVP, Tax & CAO
Signature
By: /s/ Sandra Felton by power of attorney for: Dan Clayton Griggs, Jr.
Stock symbol
LOW
Transactions as of
Apr 1, 2023
Transactions value $
-$194,971
Form type
4
Date filed
4/4/2023, 04:54 PM
Previous filing
Mar 27, 2023
Next filing
Mar 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOW Common Stock Options Exercise $0 +2.49K +59.62% $0.00 6.66K Apr 1, 2023 Direct F1, F2
transaction LOW Common Stock Tax liability -$195K -975 -14.64% $199.97 5.69K Apr 1, 2023 Direct F3
transaction LOW Common Stock Award $0 +751 +13.21% $0.00 6.44K Apr 1, 2023 Direct F4
holding LOW Common Stock 1.72K Apr 1, 2023 by 401(k) Plan

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 -2.49K -100% $0.00* 0 Apr 1, 2023 Common Stock 2.49K Direct F5
transaction LOW Non-Qualified Stock Option (right to buy) Award $0 +2.35K $0.00 2.35K Apr 1, 2023 Common Stock 2.35K $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.