Form 4: Core & Main Executive John Weldon Stephens Reports Share Disposal for Tax Obligations

John Weldon Stephens, Chief Accounting Officer of Core & Main, Inc., disposed of 200 shares of Class A Common Stock to cover tax obligations upon vesting of restricted stock units.

Summary

• On March 11, 2025, John Weldon Stephens, the Chief Accounting Officer of Core & Main, Inc., disposed of 200 shares of Class A Common Stock.
• The disposal was executed to cover tax withholding obligations related to the vesting of restricted stock units (RSUs).
• The shares were sold at a price of $46.55 per share.
• Following the transaction, Stephens directly owns 3,187 shares of Core & Main, Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to executive compensation and does not inherently convey positive or negative sentiment. It's a neutral disclosure of a routine transaction.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is related to tax obligations arising from vested equity compensation, which is a common practice.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units (RSUs) that vest over time.
• Upon vesting, these RSUs are subject to income tax, and companies often withhold shares to cover these obligations.
• The number of shares withheld depends on the executive's tax bracket and the company's policy.
• Similar transactions are regularly reported by executives at comparable companies in the construction and infrastructure sectors.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a small number of shares disposed of by an executive to cover tax obligations.

Key Dates