Core & Main (NYSE: CNM) CEO has 1,415 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Core & Main, Inc. Chief Executive Officer Mark R. Witkowski reported two routine tax-withholding transactions related to equity compensation. On March 10, 2026, 937 shares of Class A common stock were withheld at $49.38 per share, and on March 9, 2026, 478 shares were withheld at $49.96 per share. According to the disclosure, these shares were withheld by the company to cover tax obligations upon vesting of restricted stock units, rather than sold in open-market trades. Following these transactions, Witkowski directly held 34,432 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Witkowski Mark R
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 937 | $49.38 | $46K |
| Tax Withholding | Class A Common Stock | 478 | $49.96 | $24K |
Holdings After Transaction:
Class A Common Stock — 34,432 shares (Direct)
Footnotes (1)
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FAQ
What did CNM CEO Mark R. Witkowski report in this Form 4?
He reported shares withheld for taxes, not market sales. The company withheld 1,415 Class A shares to cover tax obligations on vesting restricted stock units, and he continued to hold 34,432 shares directly afterward.
Were CNM CEO Mark Witkowski’s transactions open-market sales?
No, the transactions were tax-withholding dispositions. The filing states the shares were withheld by Core & Main to satisfy tax liabilities from vesting restricted stock units, rather than sold on the open market.
What does transaction code "F" mean in this CNM Form 4?
Code “F” indicates a tax-withholding disposition. It shows shares were delivered back to the issuer to pay exercise price or tax liabilities, often tied to vesting equity awards rather than discretionary buying or selling.
What triggered the tax withholding in CNM’s CEO equity transactions?
The withholding was triggered by RSU vesting. A footnote explains the withheld shares covered tax obligations upon the vesting of a portion of restricted stock units previously granted to the reporting person.