Form 4: Core & Main Executive Laura K. Schneider Reports Share Forfeitures for Tax Withholding
SEC Filing
Laura K. Schneider, Chief Human Resources Officer at Core & Main, Inc., reported forfeitures of Class A Common Stock to cover tax obligations upon the vesting of restricted stock units.
Summary
- On March 13, 2023, Laura K. Schneider forfeited 438 shares of Class A Common Stock at a price of $21.45.
- On March 11, 2024, she forfeited 430 shares of Class A Common Stock at a price of $48.29.
- Also on March 11, 2024, she forfeited 435 shares of Class A Common Stock at a price of $48.29.
- These forfeitures were for tax withholding purposes related to the vesting of restricted stock units (RSUs).
- As of the date of the Form 4, Ms. Schneider beneficially owns 10,664 shares of Class A Common Stock.
- She also holds 7,121 unvested RSUs, each representing a contingent right to receive one share of Class A common stock.
- The RSUs granted on March 11, 2022, vest on March 11, 2025.
- The RSUs granted on March 10, 2023, vest in two equal installments on March 10, 2025, and March 10, 2026.
- The RSUs granted on March 7, 2024, vest in three equal installments on March 7, 2025, March 7, 2026, and March 7, 2027.
- All RSU vesting is subject to the terms of the associated Participant Restricted Stock Unit Agreement.
Sentiment
Score: 5
Explanation: This is a neutral report on routine stock transactions related to executive compensation.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they relate to tax obligations on vested RSUs.
Key Dates
| Date | Description |
|---|---|
| 03/11/2022 | Date of original grant of 11,967 RSUs. |
| 03/13/2023 | Transaction date of share forfeiture for tax withholding (438 shares at $21.45). |
| 03/10/2023 | Date of RSU grant that vests in two equal installments on March 10, 2025 and March 10, 2026. |
| 03/11/2024 | Transaction date of share forfeiture for tax withholding (430 shares at $48.29). |
| 03/11/2024 | Transaction date of share forfeiture for tax withholding (435 shares at $48.29). |
| 03/07/2024 | Date of RSU grant that vests in three equal installments on March 7, 2025, March 7, 2026 and March 7, 2027. |
| 03/11/2025 | Vesting date for RSUs granted on March 11, 2022. |
| 03/10/2025 | First vesting date for RSUs granted on March 10, 2023. |
| 03/07/2025 | First vesting date for RSUs granted on March 7, 2024. |
| 03/10/2026 | Second vesting date for RSUs granted on March 10, 2023. |
| 03/07/2026 | Second vesting date for RSUs granted on March 7, 2024. |
| 03/07/2027 | Third vesting date for RSUs granted on March 7, 2024. |
| 01/17/2025 | Date of signature on the form. |
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