Form 4: Core & Main Executive Jeffrey D. Giles Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
EVP Jeffrey D. Giles of Core & Main, Inc. reports disposing of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On March 7, 2025, Jeffrey D. Giles, EVP of Core & Main, Inc., disposed of 235 shares of Class A Common Stock at a price of $47.87.
- On March 10, 2025, Giles disposed of an additional 467 shares of Class A Common Stock at $46.69.
- These transactions were to cover tax withholding obligations related to the vesting of restricted stock units (RSUs).
- Following these transactions, Giles beneficially owns 9,531 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to routine stock disposals for tax purposes, which is a normal part of executive compensation.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. These transactions are often related to stock options or restricted stock units vesting and subsequent tax obligations.
Stakeholder Impact
- The stock disposals are unlikely to have a significant impact on shareholders as they are related to tax obligations and represent a small portion of the executive's holdings.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Disposal of 235 shares of Class A Common Stock at $47.87. |
| 03/10/2025 | Disposal of 467 shares of Class A Common Stock at $46.69. |
| 03/11/2025 | Date of signature for the report. |
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