Core & Main (CNM) awards 2,799 restricted stock units to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NEWMAN MARGARET reported acquisition or exercise transactions in this Form 4 filing.
Core & Main, Inc. director Margaret Newman received an award of 2,799 restricted stock units as director compensation. These units will 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, subject to her continued board service. Following this grant, she holds 16,757 shares of Class A common stock directly, including the awarded units once settled.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
NEWMAN MARGARET
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2,799 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 16,757 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 2,799 units
Grant price: $0.00 per share
Shares after transaction: 16,757 shares
+1 more
4 metrics
RSU grant size
2,799 units
Restricted stock units granted as director compensation
Grant price
$0.00 per share
Equity award, non-cash grant
Shares after transaction
16,757 shares
Total Class A Common Stock directly held after grant
Vesting endpoint
2027
Vests by the 2027 annual shareholder meeting or one year from grant
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 Margaret Newman?
Core & Main reported that director Margaret Newman received 2,799 restricted stock units as director compensation. The award is in Class A common stock and was recorded at a price of $0.00 per share, reflecting a non-cash equity grant rather than an open-market purchase.
What are the vesting terms of Margaret Newman’s 2,799 restricted stock units at Core & Main (CNM)?
The 2,799 restricted stock units will vest upon the earlier of the one-year anniversary of the grant date or Core & Main’s next annual shareholder meeting scheduled for 2027. Vesting is conditioned on Margaret Newman’s continued service as a director through that vesting date, per the filing.
Is Margaret Newman’s Core & Main (CNM) Form 4 transaction a stock purchase or a grant?
The filing describes a grant of restricted stock units, not an open-market purchase. The transaction is coded as an acquisition by grant or award at a price of $0.00 per share, indicating compensation in equity rather than a cash-funded share purchase on the market.
How will Margaret Newman’s restricted stock units at Core & Main (CNM) be settled?
The filing states that Margaret Newman’s 2,799 restricted stock units will be settled in shares of Class A common stock once vested. Settlement occurs after the vesting conditions are met, tying delivery of actual shares to her continued service as a director until the applicable vesting date.