Form 4: Core & Main Executive Jeffrey D. Giles Reports Acquisition of Stock Options and Restricted Stock Units

EVP Jeffrey D. Giles of Core & Main, Inc. reports the acquisition of stock options and restricted stock units, increasing his beneficial ownership in the company.

Summary

• On March 13, 2025, Jeffrey D. Giles, EVP of Core & Main, Inc., reported transactions involving the company's securities.
• Giles acquired 2,988 shares of Class A Common Stock in the form of restricted stock units (RSUs) at a price of $0.
• These RSUs vest in three equal annual installments starting March 11, 2026, and ending March 11, 2028.
• Giles also acquired options to buy 21,732 shares of Class A Common Stock at an exercise price of $46.27.
• These options also vest in three equal annual installments starting March 11, 2026, and ending March 11, 2028.
• Following these transactions, Giles beneficially owns 12,083 shares of Class A Common Stock and 21,732 stock options.
• The report was filed on March 17, 2025, by Mark Whittenburg as Attorney-in-Fact for Jeffrey D. Giles.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares and options by an executive generally indicates confidence in the company's future, but it's a routine transaction.

Positives

• The acquisition of RSUs and stock options by an executive could be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The vesting schedules for both the RSUs and stock options extend to March 11, 2028, suggesting a long-term commitment by the executive.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Comparison to Industry Standards

• Executive compensation packages often include stock options and RSUs to align management's interests with those of shareholders.
• Vesting schedules are a common mechanism to incentivize long-term performance and retention.
• The specific terms of these grants (e.g., vesting period, exercise price) are generally benchmarked against industry peers to ensure competitiveness.

Stakeholder Impact

• The transactions could have a minor positive impact on shareholder sentiment, as they reflect an executive's increased stake in the company.

Key Dates