Form 4: Core & Main CEO Stephen LeClair Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Stephen O. LeClair, CEO of Core & Main, Inc., reports disposals of Class A Common Stock to cover tax withholding obligations upon vesting of restricted stock units.
Summary
- On March 7, 2025, Stephen O. LeClair disposed of 1,841 shares of Class A Common Stock at a price of $47.87.
- On March 10, 2025, LeClair disposed of 3,671 shares of Class A Common Stock at a price of $46.69.
- These disposals were to cover tax withholding purposes related to the vesting of restricted stock units (RSUs).
- Following these transactions, LeClair beneficially owns 75,625 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine filing related to stock disposals for tax purposes, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The stock disposals may have a minor impact on shareholders due to the increased supply of shares, but the effect is likely minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Disposal of 1,841 shares of Class A Common Stock at $47.87. |
| 03/10/2025 | Disposal of 3,671 shares of Class A Common Stock at $46.69. |
| 03/11/2025 | Date of signature for the Form 4 filing. |
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