Core & Main (CNM) director awarded 2,799 restricted stock units as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Core & Main, Inc. director Susan M. Hardwick reported an acquisition of 2,799 shares of Class A common stock in the form of restricted stock units granted as director compensation. Following this grant, she holds 3,379 shares directly. The restricted stock units vest upon the earlier of the one-year anniversary of the grant date or the company’s next annual meeting of shareholders to be held in 2027, and will be settled in Class A shares, subject to her continued board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hardwick M Susan
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2,799 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 3,379 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 2,799 units
Shares after transaction: 3,379 shares
Grant price: $0.0000 per share
+1 more
4 metrics
RSUs granted
2,799 units
Restricted stock units granted as director compensation
Shares after transaction
3,379 shares
Direct holdings of Class A common stock after award
Grant price
$0.0000 per share
Reported transaction price for the restricted stock unit grant
Vesting timeline
By 2027 meeting or 1-year anniversary
Earlier of one-year from grant or next annual shareholder meeting in 2027
Key Terms
restricted stock units, director compensation, Class A common stock, annual meeting of shareholders
4 terms
restricted stock units financial
"Represents restricted stock units granted as director compensation."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
director compensation financial
"Represents restricted stock units granted as director compensation."
Class A common stock financial
"be settled in shares of Class A common stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transaction did Core & Main (CNM) disclose for Susan M. Hardwick?
Core & Main disclosed that director Susan M. Hardwick received 2,799 restricted stock units as director compensation. These units represent an equity award rather than a market purchase and increase her direct holdings to 3,379 Class A common shares after the grant.
What type of award did Susan M. Hardwick receive from Core & Main (CNM)?
Susan M. Hardwick received an award of 2,799 restricted stock units tied to Core & Main Class A common stock. These units are part of her director compensation and convert into shares after vesting, aligning her interests more closely with the company’s shareholders over time.
When will Susan M. Hardwick’s Core & Main (CNM) restricted stock units vest?
The restricted stock units granted to Susan M. Hardwick will vest upon the earlier of the one-year anniversary of the grant date or Core & Main’s next annual shareholder meeting to be held in 2027. Vesting is contingent on her continued service as a director.