Core & Main (CNM) director awarded 2,799 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Castellano James G reported acquisition or exercise transactions in this Form 4 filing.
Core & Main, Inc. director James G. Castellano received a grant 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 and will be settled in Class A common stock, contingent on his continued board service. Following this award, he holds 7,437 shares of Class A Common Stock directly. This is a routine equity compensation grant rather than an open-market share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Castellano James G
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2,799 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 7,437 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 2,799 restricted stock units
Shares held after grant: 7,437 shares
Grant price per share: $0.0000 per share
3 metrics
RSU grant size
2,799 restricted stock units
Director compensation grant on 2026-06-23
Shares held after grant
7,437 shares
Class A Common Stock directly held after transaction
Grant price per share
$0.0000 per share
Reported transaction price for RSU award
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, subject to the reporting person's continued service"
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 did Core & Main (CNM) director James G. Castellano report in this Form 4?
He reported receiving 2,799 restricted stock units as director compensation. These awards are settled in Class A common stock and increase his direct holdings to 7,437 shares after the grant, without any open-market buying or selling activity.
What are the vesting terms of James G. Castellano’s new Core & Main (CNM) restricted stock units?
The 2,799 restricted stock units vest at the earlier of one year from the grant date or Core & Main’s next annual shareholder meeting in 2027. Vesting also requires his continued service as a director through that vesting date for settlement in shares.
Was James G. Castellano’s Core & Main (CNM) Form 4 transaction a stock purchase or sale?
It was not an open-market purchase or sale. The Form 4 reports a grant of 2,799 restricted stock units as director compensation, with no cash price per share and a reported transaction price of 0.0000 per share.
What type of security did James G. Castellano receive from Core & Main (CNM)?
He received restricted stock units tied to Core & Main Class A common stock. These units represent a right to receive shares upon vesting, rather than immediate ownership, and will be settled in Class A common stock once conditions are satisfied.