Form 4: Core & Main Executive Vice President John R. Schaller Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President John R. Schaller reports the vesting of stock options and subsequent sale of shares under a pre-arranged 10b5-1 trading plan.
Summary
- John R. Schaller, Executive Vice President of Core & Main, Inc., reported transactions involving Class A Common Stock on March 11, 2025.
- These transactions included the vesting of 19,292 stock options at an exercise price of $20.81, and the subsequent sale of 19,292 shares at $45.00 per share.
- Additionally, 978 shares were withheld by the issuer for tax purposes related to the vesting of restricted stock units (RSUs).
- Following these transactions, Schaller directly owns 15,474 shares of Class A Common Stock and options to purchase 0 shares.
- The sales were executed under a Rule 10b5-1 trading plan adopted on October 11, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports transactions by an executive under a pre-arranged trading plan. There is no indication of positive or negative implications for the company.
Industry Context
Form 4 filings are a routine part of the regulatory landscape, providing transparency into the transactions of company insiders. The use of a 10b5-1 plan suggests a pre-planned and orderly approach to selling shares.
Key Dates
| Date | Description |
|---|---|
| 10/11/2024 | Date of adoption of Rule 10b5-1 trading plan. |
| 03/11/2023 | First vesting date of options. |
| 03/11/2024 | Second vesting date of options. |
| 03/11/2025 | Date of transactions: vesting of options, sale of shares, and tax withholding. |
| 03/10/2032 | Expiration date of options. |
| 03/13/2025 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.