Core & Main (NYSE: CNM) insider reports 835 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Core & Main, Inc. General Counsel and Secretary Mark G. Whittenburg reported routine share dispositions related to tax withholding, not open-market sales. On March 10, 557 shares of Class A common stock were withheld at $49.38 per share, leaving 8,856 shares held directly afterward. On March 9, 278 shares were withheld at $49.96 per share, leaving 9,413 shares held directly after that transaction. A footnote explains these 835 total shares were withheld by the issuer to satisfy tax obligations upon vesting of restricted stock units granted to Whittenburg, reflecting a compensation-related event rather than discretionary trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Whittenburg Mark G
Role
General Counsel and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 557 | $49.38 | $28K |
| Tax Withholding | Class A Common Stock | 278 | $49.96 | $14K |
Holdings After Transaction:
Class A Common Stock — 8,856 shares (Direct)
Footnotes (1)
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FAQ
What did Core & Main (CNM) insider Mark G. Whittenburg report on this Form 4?
Mark G. Whittenburg reported tax-related share withholding, not an open-market trade. The issuer withheld 835 Class A common shares upon vesting of restricted stock units, covering tax obligations tied to his equity compensation rather than reflecting a discretionary buy or sell decision.
Are the Core & Main (CNM) Form 4 transactions open-market sales by the insider?
No, the transactions are tax-withholding dispositions, not market sales. The filing labels both as code F and a footnote clarifies the issuer withheld the shares to pay tax liabilities from restricted stock unit vesting, a routine compensation-related event.
What does transaction code F mean in the Core & Main (CNM) Form 4?
Code F indicates shares used to pay exercise price or tax liabilities. In this case, the 835 Class A shares were withheld by the issuer to satisfy tax withholding obligations on restricted stock units granted to the reporting person, rather than representing a market sale.