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Lowes Companies Executive Compensation (FY25)

LOW · Mooresville, NC · Executive and director compensation, fiscal 2022 to 2025

The Lowes Companies brief, $1,500

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Data as of September 7, 2026Latest filing (8-K): June 2, 2026
12 filings cited on this page
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Lowes Companies brief$1,500Get the executive brief
346 figures on this page: 338 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Marvin Ellison
Latest say-on-pay support
=
May 29, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Marvin Ellison: $20,164,912 → $21,581,889 (7.0% higher)
Say-on-pay support: 93.8% → 95.1% (1.3 points higher)
CEO pay ratio: 659:1 → 578:1 (12.3% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Lowes Companies' chief executive and what were they paid?
Total compensation for Marvin Ellison, Chairman, President and Chief Executive Officer, came to $21,581,889 in fiscal 2025. Ellison's total moved 7.0% higher from the $20,164,912 reported for fiscal 2024.
What was Lowes Companies' say-on-pay result?
The say-on-pay proposal drew 95.1% of votes cast for or against in favor at the meeting held May 29, 2026 for fiscal 2025.
Which companies are in Lowes Companies' peer group?
Companies named in the disclosed peer group include Best Buy Co., Inc., Costco Wholesale Corporation, CVS Health Corporation, Dollar General Corporation and NIKE, Inc., among others.
What is Lowes Companies' chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 578:1, against median employee compensation of $37,371.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Marvin Ellison
Chairman President and Chief Executive Officer
◇—◇◇◇—◇◇
Joseph McFarland
Executive Vice President, Stores
◇—◇◇◇—◇◇
William Boltz
Executive Vice President, Merchandising
◇—◇◇◇—◇◇
Seemantini Godbole
Executive Vice President Chief Digital and Information Officer
◇—◇◇◇—◇◇
Brandon Sink
Executive Vice President Chief Financial Officer
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Marvin Ellison
Chairman, President and Chief Executive Officer
◇—◇◇◇—◇◇
Juliette Pryor
Executive Vice President, Chief Legal Officer and Corporate Secretary
◇◇◇◇◇—◇◇
Joseph McFarland
Executive Vice President, Stores
◇—◇◇◇—◇◇
William Boltz
Executive Vice President, Merchandising
◇—◇◇◇—◇◇
Seemantini Godbole
Executive Vice President, Chief Digital and Information Officer
◇—◇◇◇—◇◇
Brandon Sink
Executive Vice President, Chief Financial Officer
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Marvin Ellison
Chairman, President and Chief Executive Officer
◇—◇◇◇—◇◇
William Boltz
Executive Vice President, Merchandising
◇—◇◇◇—◇◇
Joseph McFarland
Executive Vice President, Stores
◇—◇◇◇—◇◇
Seemantini Godbole
Executive Vice President, Chief Digital and Information Officer
◇—◇◇◇—◇◇
Brandon Sink
Executive Vice President, Chief Financial Officer
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Marvin Ellison
Chairman, President and Chief Executive Officer
◇—◇◇◇—◇◇
William Boltz
Executive Vice President, Merchandising
◇—◇◇◇—◇◇
Joseph McFarland
Executive Vice President, Stores
◇—◇◇◇—◇◇
Brandon Sink
Executive Vice President, Chief Financial Officer
◇—◇◇◇—◇◇
Seemantini Godbole
Executive Vice President, Chief Digital and Information Officer
◇—◇◇◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Brandon SinkOPTION◇——◇—◇◇
Brandon Sink—◇—————◇
Brandon Sink—◇——◇——◇
Joseph McFarlandOPTION◇——◇—◇◇
Joseph McFarlandEquity◇——◇——◇
Joseph McFarlandEquity◇—————◇
Marvin EllisonOPTION◇——◇—◇◇
Marvin EllisonPSU◇—————◇
Marvin Ellison—◇——◇——◇
McFarland IIIRSU◇——◇——◇
McFarland IIIOPTION◇——◇—◇◇
McFarland IIIPSU◇◇◇—◇—◇
Seemantini Godbole—◇——◇——◇
Seemantini GodboleOPTION◇——◇—◇◇
Seemantini Godbole—◇—————◇
William BoltzOPTION◇——◇—◇◇
William Boltz—◇——◇——◇
William Boltz—◇—————◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Marvin EllisonOption◇—◇—
PSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
PSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
William BoltzPSU◇◇——
Option◇—◇—
Option◇—◇—
PSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
Brandon SinkOption◇—◇—
Option◇—◇—
PSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
PSU◇◇——
Option◇—◇—
Joseph McFarlandOption◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
PSU◇◇——
PSU◇◇——
Option◇—◇—
Seemantini GodboleOption◇—◇—
Option◇—◇—
PSU◇◇——
Option◇—◇—
Option◇—◇—
PSU◇◇——
Option◇—◇—
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Richard W. Dreiling
Lead independent director
◇◇————◇
Sandra B. Cochran
◇◇————◇
Raul Alvarez
◇◇————◇
Laurie Z. Douglas
◇◇————◇
Mary Beth West
◇◇————◇
Lawrence Simkins
◇◇———◇◇
Colleen Taylor
◇◇———◇◇
Scott H. Baxter
◇◇————◇
Brian C. Rogers
◇◇————◇
Bertram L. Scott
◇◇————◇
Navdeep Gupta
◇◇————◇
David H. Batchelder
◇————◇◇
Marvin R. Ellison served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as Deferred Stock Units.
Stock ownership guideline: 5x annual cash retainer

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Best Buy Co., Inc. BBY
  • Costco Wholesale Corporation COST
  • CVS Health Corporation CVS
  • Dollar General Corporation DG
  • NIKE, Inc. NKE
  • Starbucks Corporation SBUX
  • Target Corporation TGT
  • The Home Depot, Inc. HD
  • The Kroger Co. KR
  • The TJX Companies, Inc. TJX
  • Walgreens Boots Alliance, Inc. WBA
  • Walmart, Inc. WMT

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 29, 2026=◇◇◇
2024May 30, 2025=◇◇◇
2023May 31, 2024=◇◇◇
2022May 26, 2023=◇◇◇
2021May 27, 2022=◇◇◇
2020May 28, 2021=◇◇◇
2019May 29, 2020=◇◇◇
2018May 31, 2019=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Lowes Companies disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Lowes Companies sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
346 figures on this page: 338 cited to the filing that reported them, 8 calculated from figures it prints.
338 cited to the filing
8 calculated from the filing

Documents cited

  1. 0000060667-26-000091
    Item 5.07 Submission of Matters to a Vote of Security Holders.
  2. 0000060667-26-000056
    CEO Pay Ratio · Compensation of Directors · FEEDBACK · Grants of Plan-Based Awards · and 2 more sections
  3. 0000060667-25-000131
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001193125-25-083589
    Summary Compensation Table
  5. 0000060667-24-000116
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-24-100050
    Summary Compensation Table
  7. 0000060667-23-000115
  8. 0001193125-23-099980
    Compensation Tables · Summary Compensation Table
  9. 0000060667-22-000104
  10. 0000060667-21-000084
  11. 0000060667-20-000108
  12. 0000060667-19-000099
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Lowes Companies executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/LOW (accessed 2026).
Short form: data: Velarion

The Lowes Companies brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
12 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Lowes Companies discloses

The companies named in LOW's own disclosed peer group.

Best Buy Co., Inc.Costco Wholesale CorporationCVS Health CorporationDollar General CorporationNIKE, Inc.Starbucks CorporationTarget CorporationThe Home Depot, Inc.The Kroger Co.The TJX Companies, Inc.Walgreens Boots Alliance, Inc.Walmart, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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