Form 4: Core & Main Executive John R. Schaller Reports Acquisition of Stock Options and Restricted Stock Units

Executive Vice President John R. Schaller reports the acquisition of stock options and restricted stock units in Core & Main, Inc.

Summary

• On March 13, 2025, John R. Schaller, an Executive Vice President at Core & Main, Inc., reported acquiring 4,215 shares of Class A Common Stock in the form of restricted stock units (RSUs) and options to purchase 30,678 shares of Class A Common Stock.
• The RSUs vest in three equal annual installments starting March 11, 2026, and ending March 11, 2028.
• The options also vest in three equal installments on March 11, 2026, March 11, 2027 and March 11, 2028.
• Following these transactions, Schaller directly owns 19,689 shares of Class A Common Stock and options to purchase 30,678 shares.
• The options have an exercise price of $46.27.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices, aligning management interests with shareholders.

Positives

• The granting of RSUs and stock options to an executive aligns their interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Industry Context

This type of equity compensation is common in publicly traded companies to incentivize executives and align their interests with shareholders.

Comparison to Industry Standards

• Granting stock options and RSUs is a standard practice among publicly traded companies to incentivize executives.
• The vesting schedule of three years is also a common practice to ensure long-term commitment.

Stakeholder Impact

• The granting of equity to executives can positively impact shareholders by aligning management's interests with long-term company performance.
• Employees may view executive equity grants as a positive sign of company health and growth potential.

Key Dates