Lowe's DEF 14A: Executive Stock Awards & Compensation Details
Ticker: LOW · Form: DEF 14A · Filed: 2024-04-18T00:00:00.000Z
Sentiment: neutral
Topics: executive-compensation, stock-awards, proxy-statement
Related Tickers: LOW
TL;DR
Lowe's DEF 14A out: exec stock awards, vesting, and dividends detailed for FY24.
AI Summary
Lowe's Companies Inc. filed its DEF 14A on April 18, 2024, detailing executive compensation and stock awards for the fiscal year ending February 2, 2024. The filing includes information on the fair value of option and stock awards granted in prior fiscal years that vested during the reporting period, as well as awards granted in the current fiscal year. It also outlines dividends paid on unvested stock awards.
Why It Matters
This filing provides insight into how Lowe's compensates its top executives through stock awards and options, which can influence company strategy and shareholder value.
Risk Assessment
Risk Level: low — This is a routine annual filing (DEF 14A) detailing executive compensation and is not indicative of immediate financial distress or significant operational changes.
Key Numbers
- FY24 — Fiscal Year End (Reporting period for executive compensation details.)
- FY23 — Prior Fiscal Year (Includes data on stock awards granted in prior years.)
Key Players & Entities
- LOWES COMPANIES INC (company) — Filer
- 0000060667 (company) — Central Index Key
- 20240418 (date) — Filing Date
- 2024-02-02 (date) — Fiscal Year End
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Definitive Proxy Statement, is used to solicit shareholder votes and provides detailed information about matters to be voted on at a shareholder meeting, including executive compensation, director elections, and other corporate governance issues.
What specific compensation elements are detailed in this Lowe's DEF 14A filing?
This filing details executive compensation related to stock awards, option awards, their fair values at grant date and fiscal year end, changes in fair value for awards from prior years, and dividends paid on unvested stock awards.
What is the fiscal year end for Lowe's Companies Inc. as reported in this filing?
The fiscal year end for Lowe's Companies Inc. as reported in this filing is February 2, 2024.
What does 'ecd:PeoMember' and 'ecd:NonPeoNeoMember' refer to in the context of this filing?
These likely refer to categories of executive officers, such as 'Principal Executive Officer' (PEO) and other 'Named Executive Officers' (NEO), distinguishing compensation details for different groups of top management.
When was this DEF 14A filing submitted to the SEC?
This DEF 14A filing was submitted to the SEC on April 18, 2024.
From the Filing
0001193125-24-100050.txt : 20240418 0001193125-24-100050.hdr.sgml : 20240418 20240418082827 ACCESSION NUMBER: 0001193125-24-100050 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 85 CONFORMED PERIOD OF REPORT: 20240531 FILED AS OF DATE: 20240418 DATE AS OF CHANGE: 20240418 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LOWES COMPANIES INC CENTRAL INDEX KEY: 0000060667 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS [5211] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 560578072 STATE OF INCORPORATION: NC FISCAL YEAR END: 0202 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-07898 FILM NUMBER: 24852936 BUSINESS ADDRESS: STREET 1: 1000 LOWES BLVD. CITY: MOORESVILLE STATE: NC ZIP: 28117 BUSINESS PHONE: 704-758-1000 MAIL ADDRESS: STREET 1: 1000 LOWES BLVD. CITY: MOORESVILLE STATE: NC ZIP: 28117 DEF 14A 1 d467523ddef14a.htm DEF 14A DEF 14A Table of Contents DEF 14A false LOWES COMPANIES INC 0000060667 0000060667 2023-02-04 2024-02-02 0000060667 2022-01-29 2023-02-03 0000060667 2021-01-30 2022-01-28 0000060667 2020-02-01 2021-01-29 0000060667 low:ChangeInFairValueAsOfVestingDateOfOptionAwardsAndStockAwardsGrantedInPriorFiscalYearsForWhichApplicableVestingConditionsWereSatisfiedDuringFiscalYearMember ecd:PeoMember 2023-02-04 2024-02-02 0000060667 low:GrantDateFairValueOfOptionAwardsAndStockAwardsGrantedInFiscalYearMember ecd:PeoMember 2023-02-04 2024-02-02 0000060667 low:FairValueAtFiscalYearEndOfOutstandingAndUnvestedOptionAwardsAndStockAwardsGrantedInFiscalYearMember ecd:PeoMember 2023-02-04 2024-02-02 0000060667 low:ChangeInFairValueOfOutstandingAndUnvestedOptionAwardsAndStockAwardsGrantedInPriorFiscalYearsMember ecd:PeoMember 2023-02-04 2024-02-02 0000060667 low:DividendsPaidDuringFiscalYearOnUnvestedStockAwardsMember ecd:PeoMember 2023-02-04 2024-02-02 0000060667 low:ChangeInFairValueOfOutstandingAndUnvestedOptionAwardsAndStockAwardsGrantedInPriorFiscalYearsMember ecd:NonPeoNeoMember 2023-02-04 2024-02-02 0000060667 low:ChangeInFairValueAsOfVestingDateOfOptionAwardsAndStockAwardsGrantedInPriorFiscalYearsForWhichApplicableVestingConditionsWereSatisfiedDuringFiscalYearMember ecd:NonPeoNeoMember 2023-02-04 2024-02-02 0000060667 low:DividendsPaidDuringFiscalYearOnUnvestedStockAwardsMember ecd:NonPeoNeoMember 2023-02-04 2024-02-02 0000060667 low:GrantDateFairValueOfOptionAwardsAndStockAwardsGrantedInFiscalYearMember ecd:NonPeoNeoMember 2023-02-04 2024-02-02 0000060667 low:FairValueAtFiscalYearEndOfOutstandingAndUnvestedOptionAwardsAndStockAwardsGrantedInFiscalYearMember ecd:NonPeoNeoMember 2023-02-04 2024-02-02 0000060667 5 2023-02-04 2024-02-02 0000060667 6 2023-02-04 2024-02-02 0000060667 1 2023-02-04 2024-02-02 0000060667 2 2023-02-04 2024-02-02 0000060667 3 2023-02-04 2024-02-02 0000060667 4 2023-02-04 2024-02-02 iso4217:USD     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934     Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box:   ☐   Preliminary Proxy Statement ☐   Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☒   Definitive Proxy Statement ☐   Definitive Additional Materials ☐   Soliciting Material Pursuant to § 240.14a-12 LOWE’S COMPANIES, INC.   (Name of Registrant as Specified In Its Charter)          (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): ☒   No fee required ☐   Fee paid previously with preliminary materials ☐   Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11       Table of Contents Table