Form 4: Core & Main CEO Stephen O. LeClair Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Stephen O. LeClair, CEO of Core & Main, Inc., disposed of 4,889 shares of Class A Common Stock to cover tax obligations upon the vesting of restricted stock units.
Summary
- This Form 4 filing reports a change in beneficial ownership of Core & Main, Inc. stock by Stephen O. LeClair, the company's CEO.
- On March 11, 2025, Mr. LeClair disposed of 4,889 shares of Class A Common Stock.
- The disposal was executed to cover tax withholding obligations related to the vesting of restricted stock units (RSUs).
- The price per share was $46.55.
- Following the transaction, Mr. LeClair directly owns 70,736 shares of Core & Main, Inc.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of insider trading activity and are required by the SEC to provide transparency into the transactions of company insiders. This transaction is related to tax obligations from vested RSUs, which is a common occurrence.
Stakeholder Impact
- The disposal of shares by the CEO to cover tax obligations has a minimal impact on shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/11/2025 | Date of transaction: Disposal of shares for tax withholding. |
| 03/13/2025 | Date of signature by Attorney-in-Fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.