Commercial Metals (CMC) Director Receives 614 Shares Instead of Cash Retainer

Rhea-AI Filing Summary

Gary E. McCullough, a director of Commercial Metals Company (CMC), reported an acquisition of common stock on 10/01/2025. He acquired 614 shares at a price of $58.95 per share as shares issued at his election in lieu of the quarterly cash retainer for board and committee service. The filing shows 25,468 shares beneficially owned following the transaction and lists ownership as direct. The Form 4 was signed on behalf of Mr. McCullough on 10/02/2025. No derivative transactions, option grants, dispositions, or other compensatory details are reported in this filing.

Positive

• Director elected to receive equity in lieu of cash retainer, aligning personal and shareholder interests
• Transaction fully disclosed with acquisition date, price ($58.95), and post-transaction ownership (25,468 shares)

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director compensation converted to equity; standard disclosure of beneficial ownership change.

The report documents a common practice where a director elects to receive equity instead of a cash retainer. The transaction code shows an acquisition of 614 shares at $58.95, increasing direct beneficial ownership to 25,468 shares. This is a disclosed, non-compensatory stock purchase tied to director pay elections and aligns with typical governance transparency requirements. There are no signs in this filing of unusual timing, derivative activity, or large-scale disposals.

Securities Analyst

TL;DR: Small, non-material insider purchase recorded; limited market impact from this filing alone.

From an investor-materiality perspective, the acquisition of 614 shares is modest relative to company float and is recorded as direct beneficial ownership. The filing provides concrete numbers: acquisition date 10/01/2025, price $58.95, and post-transaction ownership of 25,468 shares. No additional compensatory instruments or dispositions are disclosed, so the filing offers limited new information beyond the ownership change.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider MCCULLOUGH GARY E

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	614	$58.95	$36K

Holdings After Transaction: Common Stock — 25,468 shares (Direct)

Footnotes (1)

1. [object Object]

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

MCCULLOUGH GARY E

(Last) (First) (Middle)

6565 N. MACARTHUR BLVD, SUITE 800

(Street)

IRVING TX 75039

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
COMMERCIAL METALS Co [ CMC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/01/2025		A		614(1)	A	$58.95	25,468	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares issued, at the election of the reporting person, in lieu of the quarterly cash retainer for board and committee service.

Remarks:

	By: Jody K. Absher For: Gary E. McCullough	10/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Gary E. McCullough report on Form 4 for CMC?

He acquired 614 shares of Commercial Metals Company common stock on 10/01/2025 at a price of $58.95 per share.

Why were the 614 shares issued to the director?

The filing states the shares were issued at the reporting person's election in lieu of the quarterly cash retainer for board and committee service.

How many CMC shares does Gary E. McCullough beneficially own after the reported transaction?

25,468 shares are reported as beneficially owned following the transaction, with ownership listed as direct.

When was the Form 4 signed and filed for this transaction?

The signature on the filing is dated 10/02/2025, reporting the transaction dated 10/01/2025.

Were any derivative securities or dispositions reported in this Form 4?

No. The filing contains only a non-derivative acquisition; no derivative securities or dispositions are listed.