Form 4: Core & Main Senior VP Harper Reports Equity Grants

Core & Main's Senior VP of Human Resources, Carla D. Harper, reported the acquisition of restricted stock units and stock options, alongside a tax-related share disposition.

Summary

• Carla D. Harper, Senior VP, Human Resources at Core & Main, Inc. (CNM), reported transactions involving the company's Class A Common Stock and options.
• On March 11, 2026, 89 shares of Class A Common Stock were disposed of at a price of $49.16 per share for tax withholding purposes related to the vesting of restricted stock units (RSUs).
• Following this disposition, Harper beneficially owned 11,411 shares of Class A Common Stock.
• On March 12, 2026, Harper acquired 2,463 Restricted Stock Units (RSUs) at a price of $0.00 per unit.
• Each RSU represents a contingent right to receive one share of Class A Common Stock.
• These RSUs will vest in three equal annual installments on March 11, 2027, March 11, 2028, and March 11, 2029.
• Also on March 12, 2026, Harper acquired 17,598 stock options (Rights to Buy) at a price of $0.00 per option, with an exercise price of $47.63.
• These options will vest in three equal installments on March 11, 2027, March 11, 2028, and March 11, 2029, and have an expiration date of March 12, 2036.
• After these transactions, Harper beneficially owns 13,874 shares of Class A Common Stock and 17,598 options.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive development, as it represents routine executive compensation that aligns management's interests with shareholders through long-term equity incentives, without indicating any unusual market activity or significant strategic shifts.

Positives

• The acquisition of 2,463 Restricted Stock Units and 17,598 stock options increases the reporting person's equity stake in Core & Main, aligning management's interests with those of shareholders.
• Equity grants are a standard component of executive compensation, serving as an incentive for long-term performance and retention.

Future Outlook

The acquired Restricted Stock Units and stock options are subject to a vesting schedule, with equal annual installments on March 11, 2027, March 11, 2028, and March 11, 2029. The options have an expiration date of March 12, 2036.

Industry Context

StockSavvy.ai notes that the grant of restricted stock units and stock options to senior executives is a common and widely accepted practice across various industries. This form of equity compensation is designed to align the long-term interests of management with those of shareholders, incentivizing performance and retention. The specific terms, such as vesting schedules and exercise prices, are typically determined by the company's compensation committee based on market practices and performance objectives.

Comparison to Industry Standards

• Equity compensation, including RSUs and stock options, is a standard component of executive remuneration packages across most publicly traded companies, aligning with global benchmarks for corporate governance and incentive structures.
• The three-year annual vesting schedule for both RSUs and options is a common practice, comparable to similar long-term incentive plans observed in peer companies within the industrial distribution sector and broader market.

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with long-term shareholder value through equity ownership and performance incentives.
• Employees: Reflects standard executive compensation practices, potentially setting a precedent for broader employee incentive programs.

Next Steps

• The Restricted Stock Units and stock options will vest in three equal annual installments on March 11, 2027, March 11, 2028, and March 11, 2029.
• The acquired stock options can be exercised at a price of $47.63 per share until their expiration on March 12, 2036.

Key Dates

Keywords

Core & Main, CNM, SEC Form 4, Insider Trading, Restricted Stock Units, Stock Options, Equity Compensation, Executive Compensation, Beneficial Ownership