Form 4: Core & Main Executive John Stephens Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Chief Accounting Officer John Stephens reports transactions involving Class A and Class B common stock, including acquisitions, disposals, and conversions.
Summary
- On March 22, 2024, John Stephens, Chief Accounting Officer of Core & Main, Inc., reported changes in his beneficial ownership of the company's stock.
- He redeemed 32 vested common units for 32 shares of Class A common stock.
- He also acquired 4,313 shares of Class A common stock.
- Stephens exchanged 14,968 shares of Class B common stock and limited partnership interests for 14,968 shares of Class A common stock.
- He sold 15,000 shares of Class A common stock at an average price of $57.9137 per share.
- Following these transactions, Stephens directly owns 4,281 shares of Class A common stock and indirectly owns 183,012 through Management Feeder LLC.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports transactions. There is no inherent positive or negative implication.
Industry Context
Form 4 filings are a routine part of the regulatory landscape, providing transparency into the trading activities of company insiders. This filing indicates the executive's transactions in the company's stock, which can be of interest to investors.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a key executive.
Key Dates
| Date | Description |
|---|---|
| 03/11/2022 | Grant date of restricted stock units (RSUs) that vest on March 11, 2025. |
| 03/10/2023 | Grant date of restricted stock units (RSUs) that vest in two equal installments on March 10, 2025 and March 10, 2026. |
| 12/19/2023 | Date the reporting person adopted a Rule 10b5-1 trading plan. |
| 03/07/2024 | Grant date of restricted stock units (RSUs) that vest in three equal installments on March 7, 2025, March 7, 2026 and March 7, 2027. |
| 03/22/2024 | Date of transactions involving Class A and Class B common stock and limited partnership interests. |
| 03/26/2024 | Date of Form 4 filing. |
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