Form 4: CMC Legal Officer Reports Routine Stock Transactions

Commercial Metals Co.'s SVP, Chief Legal Officer, Jody K. Absher, reported multiple stock transactions including acquisitions from performance share settlements and restricted stock unit grants, alongside shares withheld for tax obligations.

Summary

• Jody K. Absher, SVP, Chief Legal Officer & Secretary of Commercial Metals Co. (CMC), reported changes in beneficial ownership of common stock.
• On October 14, 2025, 1,385 shares were disposed of (withheld by CMC) to satisfy tax withholding obligations related to the settlement of restricted stock units granted on October 14, 2024, at a price of $59.1 per share.
• On October 14, 2025, 8,593 shares were acquired through the settlement of previously awarded performance shares granted on October 10, 2022, with an acquisition price of $0.
• On October 14, 2025, an additional 3,382 shares were disposed of (withheld by CMC) to satisfy tax withholding obligations in connection with the settlement of the performance shares granted on October 10, 2022, at a price of $59.1 per share.
• On October 14, 2025, 10,599 shares were acquired as a grant of restricted stock units, with an acquisition price of $0. These units will vest in three equal installments beginning on the first anniversary of the grant date.
• Following these transactions, Jody K. Absher beneficially owns 78,752 shares of CMC common stock directly.

Sentiment

Score: 5

Explanation: The filing details routine executive compensation events (vesting, settlement, new grant, and tax withholding) which are neutral in terms of immediate positive or negative sentiment for the company's operational or financial performance.

Positives

• Acquisition of 8,593 shares from the settlement of previously awarded performance shares, indicating successful achievement of performance targets.
• Grant of 10,599 restricted stock units, representing future equity compensation and alignment with shareholder interests.

Negatives

• Disposal of 1,385 shares and 3,382 shares (totaling 4,767 shares) to cover tax withholding obligations, which reduces direct beneficial ownership.

Future Outlook

The newly granted restricted stock units (10,599 shares) will vest in three equal installments, with the first installment vesting on October 14, 2026 (the first anniversary of the grant date).

Management Comments

• Jody K. Absher, SVP, Chief Legal Officer & Secretary, engaged in routine compensation-related stock transactions, including the settlement of previously awarded performance shares and restricted stock units, and the grant of new restricted stock units.
• Shares were withheld by Commercial Metals Company to satisfy tax withholding obligations associated with the vesting and settlement of equity awards.

Industry Context

This filing represents a routine insider transaction report (Form 4) detailing executive compensation events, specifically the vesting and settlement of equity awards and the grant of new awards. Such transactions are common practice across publicly traded companies as part of their executive compensation structures, aligning management incentives with shareholder value.

Stakeholder Impact

• Shareholders: The grant of new restricted stock units aligns management's interests with long-term shareholder value. The tax-related disposals are standard and do not reflect a change in management's confidence.
• Employees (specifically Jody K. Absher): These transactions represent the realization of previously earned compensation and the receipt of new incentive awards.

Next Steps

• The newly granted restricted stock units will begin vesting in three equal installments, starting on October 14, 2026.

Key Dates

Recommendation

This Form 4 filing reports routine executive compensation transactions, including the vesting of prior awards, tax withholdings, and a new RSU grant. These events are standard and do not provide new fundamental information about Commercial Metals Co.'s operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as the filing itself does not present a catalyst for significant price movement.

Keywords

Commercial Metals Co, CMC, Jody K. Absher, Form 4, Insider Transaction, Restricted Stock Units, Performance Shares, Executive Compensation, Stock Grant, Tax Withholding