Form 4: CMC SVP Gains 9,681 RSUs, Sells Shares for Tax

Commercial Metals Co's SVP, Chief Strategy Officer, Kekin Ghelani, received a new grant of 9,681 restricted stock units while also disposing of shares to cover tax obligations.

Summary

• Kekin Ghelani, SVP, Chief Strategy Officer of Commercial Metals Company (CMC), reported transactions on October 14, 2025.
• Ghelani disposed of a total of 1,830 shares of Common Stock (608 shares and 1,222 shares) at a price of $59.1 per share.
• These dispositions were made to satisfy tax withholding obligations in connection with the settlement of vested restricted stock units granted on October 14, 2024.
• Ghelani was granted 9,681 new restricted stock units (RSUs) on October 14, 2025, with a grant price of $0.
• The newly granted RSUs will vest in three equal installments, commencing on the first anniversary of the grant date.
• Following these reported transactions, Ghelani's direct beneficial ownership of CMC Common Stock increased to 21,796 shares.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive due to the new grant of restricted stock units, which aligns executive incentives with long-term company performance, despite the routine disposition of shares for tax purposes.

Positives

• Kekin Ghelani, SVP, Chief Strategy Officer, received a new grant of 9,681 restricted stock units, indicating continued long-term incentive alignment with the company's performance.
• The new RSU grant increases Ghelani's total direct beneficial ownership of CMC common stock to 21,796 shares, reinforcing management's stake in the company.

Negatives

• Kekin Ghelani disposed of 1,830 shares of common stock to cover tax withholding obligations, which represents a reduction in direct share count, though it is a routine event for vested equity awards.

Future Outlook

The newly granted 9,681 restricted stock units will vest in three equal installments, beginning on the first anniversary of the October 14, 2025 grant date, providing a future incentive and retention mechanism for the SVP, Chief Strategy Officer.

Industry Context

This filing is a routine insider transaction report and does not provide information relevant to broader industry trends or competitors.

Stakeholder Impact

• Shareholders: The new RSU grant aligns executive incentives with shareholder interests over the long term, promoting retention and performance.
• Employees: Reflects standard executive compensation practices within the company.

Next Steps

• Vesting of the 9,681 restricted stock units will commence on the first anniversary of the October 14, 2025 grant date, occurring in three equal installments.

Key Dates

Keywords

Commercial Metals Co, CMC, Kekin Ghelani, Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, Tax Withholding, Beneficial Ownership, SVP Chief Strategy Officer