Core & Main (NYSE: CNM) director receives 2,799 restricted stock units as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hope James D reported acquisition or exercise transactions in this Form 4 filing.
Core & Main, Inc. director James D. Hope received a grant of 2,799 restricted stock units as director compensation. These units vest on the earlier of one year from the grant date or the company’s next annual shareholder meeting in 2027 and will settle in Class A common shares, bringing his direct holdings to 9,738 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hope James D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2,799 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 9,738 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 2,799 units
Holdings after grant: 9,738 shares
Vesting horizon: One year or 2027 meeting
+1 more
4 metrics
RSUs granted
2,799 units
Restricted stock units granted as director compensation
Holdings after grant
9,738 shares
Class A Common Stock held directly after transaction
Vesting horizon
One year or 2027 meeting
Vests earlier of one year from grant or 2027 annual meeting
Transaction price
$0.00 per unit
Equity grant, no cash paid by reporting person
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) director James D. Hope report?
James D. Hope reported receiving 2,799 restricted stock units as director compensation. These awards are not an open-market share purchase, but equity granted by the company, and will convert into Class A common stock once vesting conditions are met.
What are the vesting terms of James D. Hope’s restricted stock units in CNM?
The 2,799 restricted stock units vest on the earlier of one year from the grant date or Core & Main’s next annual shareholder meeting in 2027. Vesting is subject to his continued service as a director until that vesting date.
Is the Core & Main (CNM) Form 4 for James D. Hope a stock purchase or a grant?
The Form 4 reflects a grant of restricted stock units, not a market purchase. The transaction is coded as a grant or award, with zero price per share, representing equity compensation rather than cash-funded buying of CNM stock.
How will James D. Hope’s Core & Main restricted stock units be settled?
Once vested, James D. Hope’s 2,799 restricted stock units will be settled in shares of Core & Main Class A common stock. Settlement occurs after vesting, assuming he continues serving as a director through the vesting date.