Lowe’s Companies Inc shares declined 3.2% on Monday following public filings that detailed sizable stock sales by two of the retailer’s senior executives.
According to a Form 4 submitted to the Securities and Exchange Commission, Juliette Williams Pryor, Executive Vice President, Chief Legal Officer and Corporate Secretary, sold 9,330 shares of common stock on June 17 at $224.805 per share. The transaction generated roughly $2.10 million in proceeds and represented the largest of three sales recorded for Pryor, reducing her listed direct holdings by 37%. After that sale, Pryor retained 16,142 shares directly.
The filing also notes that Pryor donated 670 shares to a charitable entity on the same day, bringing her post-transaction direct holdings to 15,472 shares.
Separately, Janice Dupre, Executive Vice President of Human Resources, exercised stock options and sold 14,150 shares on June 16 at $221.90 per share. Dupre’s option exercises involved a range of strike prices from $80.42 to $135.63. The disclosure shows she contributed 476 shares to a charitable donor advised fund and, following the transactions, held 39,309 shares.
Prior activity related to Pryor’s position was also disclosed. On June 15, Pryor had shares withheld to satisfy tax obligations associated with the vesting of 22,772 restricted shares that were originally granted on June 15, 2023. For tax withholding purposes, a total of 9,768 shares were delivered to the company at a price of $220.19 per share.
Regulatory disclosures indicate the sales were executed while Lowe’s stock was trading near recent highs, with the reported transactions occurring at prices above $220 per share.
The market reaction included the 3.2% drop in Lowe’s shares on Monday following the filings. The transactions and related disclosures are recorded in the public SEC filings that report insider trading activity and option exercises.
Context and mechanics
The filings capture a combination of direct open-market sales, option exercises at various strike prices and charitable contributions of shares. The disclosure of withheld shares to meet tax obligations on vested restricted stock is recorded separately from sales and donations, and the company recorded delivery of nearly 9,768 shares to cover withholding at $220.19 per share.
All dollar amounts, share counts, dates and strike-price ranges referenced here are taken from the SEC filings associated with these insider transactions.