Form 4: Core & Main CFO Witkowski Sells Shares to Cover Tax Obligations

Mark Witkowski, CFO of Core & Main, Inc., sold shares to cover tax withholding obligations upon the vesting of restricted stock units.

Summary

• On March 11, 2025, Mark R. Witkowski, the Chief Financial Officer of Core & Main, Inc. (CNM), engaged in a transaction involving Class A Common Stock.
• Witkowski disposed of 925 shares to cover tax withholding obligations related to the vesting of restricted stock units (RSUs).
• The shares were sold at a price of $46.55 per share.
• Following the transaction, Witkowski directly owns 18,459 shares of Core & Main, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing indicates a routine transaction to cover tax obligations, which is a normal part of executive compensation. It doesn't necessarily reflect a positive or negative outlook on the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects. Disposals to cover tax obligations are common and don't necessarily indicate a negative outlook.

Comparison to Industry Standards

• Insider transactions are a normal part of corporate governance and are regularly disclosed via Form 4 filings.
• Similar transactions are common among executives at comparable companies such as Ferguson plc, Watsco, Inc., and Fastenal Company, particularly around vesting events for equity compensation.
• The number of shares sold and the remaining holdings are within typical ranges for executive compensation and ownership.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations and does not indicate a change in the executive's long-term commitment to the company.

Key Dates