Core & Main (NYSE: CNM) GC details options, RSUs and SARs
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Core & Main, Inc. General Counsel and CCO Jackie M Burkhardt filed an initial ownership report showing a mix of stock, options and stock appreciation rights tied to Class A common stock. This Form 3 does not show new buying or selling, only current holdings and vesting terms.
She holds options to buy 3,885.0000 shares at $20.8100, 12,879.0000 at $22.1100, 5,877.0000 at $50.1200, 6,393.0000 at $46.2700 and 18,771.0000 at $47.6300, with expiration dates from 2032 to 2036. She also has 5,123.0000 fully vested stock appreciation rights at an exercise price of $3.2400.
Direct Class A common stock holdings total 6,051.0000 shares, including 2,590 shares of stock and 3,461 restricted stock units. The unvested RSUs and several option grants vest in scheduled installments between March 11, 2027 and March 11, 2029 under the relevant award agreements.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Burkhardt Jackie M
Role
General Counsel and CCO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Options (Rights to Buy) | -- | -- | -- |
| holding | Options (Rights to Buy) | -- | -- | -- |
| holding | Options (Rights to Buy) | -- | -- | -- |
| holding | Options (Rights to Buy) | -- | -- | -- |
| holding | Options (Rights to Buy) | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Options (Rights to Buy) — 3,885 shares (Direct);
Stock Appreciation Rights — 5,123 shares (Direct);
Class A Common Stock — 6,051 shares (Direct)
Footnotes (1)
- The total includes 2,590 shares of Class A common stock of the Issuer ("Class A common stock") and 3,461 restricted stock units ("RSUs") granted to the reporting person. Each RSU represents a contingent right to receive one share of Class A common stock. The unvested portion of the RSUs granted on March 7, 2024 vest on March 7, 2027. The unvested portion of the RSUs granted on March 13, 2025 vest in two equal installments on March 11, 2027 and March 11, 2028. The unvested portion of the RSUs granted on March 12, 2026 vest in three equal installments on March 11, 2027, March 11, 2028 and March 11, 2029. All RSU vesting is subject to the terms of the associated Participant Restricted Stock Unit Agreement. The options are fully vested. 3,918 options are currently vested. The remaining options vest on March 7, 2027, subject to the terms of the associated Participant Stock Option Agreement. 2,131 options are currently vested. The remaining options vest in two equal installments on March 11, 2027 and March 11, 2028, subject to the terms of the associated Participant Stock Option Agreement. The options vest in three equal installments on March 11, 2027, March 11, 2028 and March 11, 2029, subject to the terms of the associated Participant Stock Option Agreement. The stock appreciation rights are fully vested.
Key Figures
Direct Class A shares and RSUs: 6,051.0000 shares
Option grant 1: 3,885.0000 shares at $20.8100
Option grant 2: 12,879.0000 shares at $22.1100
+5 more
8 metrics
Direct Class A shares and RSUs
6,051.0000 shares
Direct Class A common stock holdings including RSUs
Option grant 1
3,885.0000 shares at $20.8100
Options to buy Class A common stock expiring 2032-03-11
Option grant 2
12,879.0000 shares at $22.1100
Options to buy Class A common stock expiring 2033-03-10
Option grant 3
5,877.0000 shares at $50.1200
Options to buy Class A common stock expiring 2034-03-07
Option grant 4
6,393.0000 shares at $46.2700
Options to buy Class A common stock expiring 2035-03-13
Option grant 5
18,771.0000 shares at $47.6300
Options to buy Class A common stock expiring 2036-03-12
Stock appreciation rights
5,123.0000 units at $3.2400
Fully vested stock appreciation rights over Class A stock
Restricted stock units
3,461 RSUs
Unvested RSUs vesting between 2027-03-07 and 2029-03-11
Key Terms
restricted stock units ("RSUs"), Stock Appreciation Rights, Participant Stock Option Agreement, Participant Restricted Stock Unit Agreement
4 terms
restricted stock units ("RSUs") financial
"and 3,461 restricted stock units ("RSUs") granted to the reporting person."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Stock Appreciation Rights financial
"The stock appreciation rights are fully vested."
Stock appreciation rights (SARs) are a form of employee compensation that give the holder the right to receive the increase in a company's stock price over a set baseline, paid in cash or shares, without having to buy the stock. For investors, SARs matter because they can create future cash outflows or share dilution and signal how a company rewards and motivates executives — similar to giving a bonus tied directly to how well the company’s stock performs.
Participant Stock Option Agreement financial
"subject to the terms of the associated Participant Stock Option Agreement."
Participant Restricted Stock Unit Agreement financial
"subject to the terms of the associated Participant Restricted Stock Unit Agreement."
FAQ
What does Jackie M Burkhardt’s Form 3 for Core & Main (CNM) show?
The Form 3 shows Jackie M Burkhardt’s existing equity holdings in Core & Main, including stock, options and stock appreciation rights. It is an initial ownership statement, so it reports current positions and vesting schedules rather than new purchases or sales in the market.
What stock option grants are reported for Jackie Burkhardt at Core & Main (CNM)?
She reports options over multiple tranches of Class A common stock: 3,885.0000 at $20.8100, 12,879.0000 at $22.1100, 5,877.0000 at $50.1200, 6,393.0000 at $46.2700 and 18,771.0000 at $47.6300, expiring between March 2032 and March 2036, with varying vesting schedules.
Are Jackie Burkhardt’s Core & Main stock options fully vested?
Some options are fully vested, while others vest over time. One option grant is fully vested, another has 3,918 options currently vested, and others vest in installments on March 7, 2027 and on March 11, 2027, 2028 and 2029, subject to their stock option agreements.
What stock appreciation rights does Burkhardt hold in Core & Main (CNM)?
She holds 5,123.0000 stock appreciation rights tied to Core & Main Class A common stock, with an exercise price of $3.2400. The filing states these stock appreciation rights are fully vested, meaning they are currently exercisable subject to the governing award terms.
Does this Core & Main (CNM) Form 3 indicate insider buying or selling?
The Form 3 does not indicate insider buying or selling activity. It is an initial ownership statement listing Burkhardt’s existing holdings in shares, restricted stock units, options and stock appreciation rights, including vesting schedules and exercise prices, rather than recording market transactions.