Form 4: Core & Main Director Bhavani Amirthalingam Receives Restricted Stock Grant

Core & Main, Inc. Director Bhavani Amirthalingam reported the acquisition of 2,189 shares of Class A Common Stock as restricted stock units, increasing her beneficial ownership to 15,156 shares.

Summary

• Bhavani Amirthalingam, a Director of Core & Main, Inc. (CNM), acquired 2,189 shares of Class A Common Stock.
• The acquisition occurred on June 24, 2025, and was a grant of restricted stock units (RSUs) as director compensation.
• The RSUs were granted at a price of $0 per share, indicating they are part of a compensation package.
• Following this transaction, Ms. Amirthalingam's direct beneficial ownership of Class A Common Stock increased to 15,156 shares.
• The restricted stock units are set to vest upon the earlier of the one-year anniversary of the grant date or the Issuer's next annual meeting of shareholders in 2026, contingent on her continued service as a director.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates routine director compensation and aligns the director's interests with shareholders, without any negative implications.

Positives

• The grant of restricted stock units aligns the interests of Director Bhavani Amirthalingam with those of the shareholders, as her compensation is tied to the company's future performance and her continued service.
• An increase in director ownership, even through compensation, can signal confidence in the company's long-term prospects.

Future Outlook

The restricted stock units granted to Director Bhavani Amirthalingam are expected to vest upon the earlier of the one-year anniversary of the grant date (June 24, 2026) or the company's next annual meeting of shareholders in 2026, subject to her continued service.

Industry Context

This Form 4 filing reflects a routine compensation event for a director of a publicly traded company. Granting restricted stock units is a common practice across various industries to incentivize and retain board members, aligning their interests with long-term shareholder value.

Related Party Transactions

• The grant of restricted stock units to Director Bhavani Amirthalingam constitutes a related party transaction, as it is compensation provided by the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The grant of restricted stock units to a director aligns their interests with shareholders, potentially encouraging decisions that enhance long-term shareholder value.
• Employees: No direct impact on employees is indicated by this filing.

Next Steps

• Vesting of the 2,189 restricted stock units upon the earlier of June 24, 2026, or Core & Main's next annual meeting in 2026, contingent on continued service.

Key Dates

Keywords

Core & Main, CNM, SEC Form 4, Insider Transaction, Director Compensation, Restricted Stock Units, RSU Grant, Beneficial Ownership, Equity Compensation