Form 4: Core & Main Executive Jeffrey D. Giles Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Jeffrey D. Giles, EVP at Core & Main, disposed of 436 shares of Class A Common Stock to cover tax obligations upon vesting of restricted stock units.
Summary
- On March 11, 2025, Jeffrey D. Giles, an Executive Vice President at Core & Main, Inc., disposed of 436 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 transaction price was $46.55 per share.
- Following the transaction, Giles directly owns 9,095 shares of Core & Main, Inc.
- The transaction was reported on March 13, 2025.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, and it doesn't indicate a significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity awards.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/11/2025 | Date of stock disposal transaction. |
| 03/13/2025 | Date of Form 4 filing. |
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