Form 4: Core & Main Executive John Weldon Stephens Reports Acquisition of Stock Options and Restricted Stock Units

John Weldon Stephens, Chief Accounting Officer of Core & Main, Inc., reports the acquisition of stock options and restricted stock units.

Summary

• On March 13, 2025, John Weldon Stephens, Chief Accounting Officer of Core & Main, Inc., acquired 6,786 stock options with an exercise price of $46.27.
• These options vest in three equal annual installments starting March 11, 2026.
• Stephens also acquired 933 restricted stock units (RSUs), each representing a contingent right to receive one share of Class A common stock.
• These RSUs also vest in three equal annual installments starting March 11, 2026.
• Following these transactions, Stephens directly owns 6,786 derivative securities and 4,120 shares of Class A Common Stock.
• The report was filed on March 17, 2025.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about insider transactions.

Future Outlook

The vesting schedule indicates future equity compensation payouts to the reporting person over the next three years, contingent on continued employment and the terms of the agreements.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders by potentially diluting equity if the options are exercised and RSUs are converted to shares in the future.
• The equity grants serve as an incentive for the executive, potentially aligning their interests with those of the shareholders.

Key Dates