Form 4: Core & Main Executive John Weldon Stephens Reports Stock Disposals for Tax Obligations

John Weldon Stephens, Chief Accounting Officer of Core & Main, Inc., reports disposing of shares to cover tax withholding obligations upon the vesting of restricted stock units.

Summary

• On March 7, 2025, John Weldon Stephens, Chief Accounting Officer of Core & Main, Inc., disposed of 94 shares of Class A Common Stock at a price of $47.87 to cover tax obligations.
• Following this transaction, Stephens directly owns 3,585 shares of Class A Common Stock.
• On March 10, 2025, Stephens disposed of 198 shares of Class A Common Stock at a price of $46.69 to cover tax obligations.
• Following this transaction, Stephens directly owns 3,387 shares of Class A Common Stock.
• The disposals were related to tax withholding requirements upon the vesting of restricted stock units (RSUs).

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing relates to routine tax-related stock disposals, which are not indicative of a change in the company's financial health or management's outlook.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a significant change in ownership.

Key Dates