Form 4: CMC Executive Sells Shares for Tax Obligations
Insider Transaction Report
Jennifer J. Durbin, SVP, Chief HR & Comm. Officer at Commercial Metals Co, disposed of shares to cover tax withholding obligations from vested restricted stock units.
Summary
- Jennifer J. Durbin, SVP, Chief HR & Comm. Officer of Commercial Metals Co (CMC), reported two dispositions of common stock.
- On October 9, 2025, 1,065 shares were disposed of at a price of $59.31 per share, reducing her beneficial ownership to 65,378 shares.
- This disposition was to satisfy tax withholding obligations related to restricted stock units granted on October 9, 2023, which had vested.
- On October 10, 2025, an additional 1,222 shares were disposed of at a price of $59.00 per share, further reducing her beneficial ownership to 64,156 shares.
- This second disposition also served to satisfy tax withholding obligations for restricted stock units granted on October 10, 2022, upon their vesting.
Sentiment
Score: 5
Explanation: The filing reports routine, non-discretionary transactions related to executive compensation and tax obligations, which are neutral in terms of company performance or outlook.
Positives
- The underlying event is the vesting of restricted stock units, which represents earned compensation for the executive.
- The transactions are administrative in nature, fulfilling tax obligations, rather than discretionary sales indicating a lack of confidence.
Negatives
- The executive's direct beneficial ownership of common stock decreased by a total of 2,287 shares across the two transactions.
Future Outlook
The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
These transactions are routine insider compensation events and do not directly reflect broader industry trends or competitive dynamics. They are standard practices for executives receiving equity-based compensation.
Stakeholder Impact
- Shareholders: Minimal impact, as these are small, non-discretionary sales for tax purposes and do not signal a change in executive confidence or company fundamentals.
- Employees: No direct impact mentioned.
Key Dates
| Date | Description |
|---|---|
| 10/10/2022 | Grant date of restricted stock units related to the second disposition. |
| 10/09/2023 | Grant date of restricted stock units related to the first disposition. |
| 10/09/2025 | Transaction date for the disposition of 1,065 shares to cover tax withholding. |
| 10/10/2025 | Transaction date for the disposition of 1,222 shares to cover tax withholding. |
| 10/14/2025 | Date the Form 4 was signed and filed. |
Keywords
CMC, Commercial Metals Co, Insider Transaction, Form 4, Restricted Stock Units, Tax Withholding, Executive Compensation, Jennifer J. Durbin
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