Lowe’s Companies, Inc. reported an insider ownership change involving Lawrence Simkins, a director of the company, tied to the company’s Directors’ Deferred Compensation Plan. The transaction occurred on July 9, 2026, and was reported on a Form 4 filed July 10, 2026. The reported action was the crediting of deferred compensation to Simkins’ deferred stock account in the form of phantom stock. Each phantom stock unit is economically equivalent to one share of Lowe’s common stock, but it is not an actual share issued for immediate sale or transfer. Instead, the director becomes entitled to receive the cash value of the phantom stock when he ceases to serve as a director of Lowe’s. The filing also notes that the reported balance includes dividend credits added to Simkins’ deferred stock account under the same plan. These dividend credits increase the value or number of units in the deferred account in a manner tied to Lowe’s common stock and its dividends. No open-market purchase or sale of Lowe’s common shares is described in the provided filing text. The excerpt does not specify the number of phantom stock units credited, the transaction price, the transaction code, or Simkins’ exact derivative-security ownership following the transaction. The filing is primarily significant because it reflects director compensation being deferred into a stock-linked account, aligning the director’s deferred pay with the economic performance of Lowe’s common stock.