Form 4: Core & Main Executive John W. Stephens Executes Stock Transactions Under 10b5-1 Plan

John W. Stephens, Chief Accounting Officer of Core & Main, Inc., executed transactions involving Class A and Class B common stock, including exchanges and sales, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 2, 2025, John W. Stephens, Chief Accounting Officer of Core & Main, engaged in multiple transactions involving the company's stock.
• Stephens exchanged 41,963 shares of Class B common stock and limited partnership interests for Class A common stock on a one-for-one basis, according to the Exchange Agreement.
• Simultaneously, 41,963 vested common units held by Stephens were redeemed for Paired Interests under the LLC Agreement.
• Stephens sold 41,963 shares of Class A common stock at a weighted average price of $50.484 per share, with prices ranging from $50.0000 to $50.8900.
• These sales were executed under a Rule 10b5-1 trading plan adopted on December 18, 2024.
• Following these transactions, Stephens directly owns 4,120 shares of Class A common stock and indirectly owns 121,964 shares through Management Feeder, LLC.
• Stephens also directly owns 41,963 Paired Interests.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transactions.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency into the trading activities of key personnel and ensures compliance with securities regulations.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The Rule 10b5-1 trading plan is a common tool used by executives to manage their stock sales while avoiding accusations of insider trading.
• The details provided in the filing are consistent with the level of information typically disclosed in such documents.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership of the company's stock.
• The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Core & Main, John W. Stephens, Class A Common Stock, Class B Common Stock, Limited Partnership Interests, Rule 10b5-1, Exchange Agreement, Management Feeder LLC, Stock Transaction