Core & Main (NYSE: CNM) director receives 2,799 RSUs and reports updated holdings
Rhea-AI Filing Summary
MAZZARELLA KATHLEEN M reported acquisition or exercise transactions in this Form 4 filing.
Core & Main, Inc. director Kathleen M. Mazzarella reported a compensation-related equity grant and updated her holdings of Class A common stock. She received 2,799 restricted stock units as director compensation, with no cash paid per share. These units vest upon the earlier of the one-year anniversary of the grant date or the company’s next annual shareholder meeting to be held in 2027, subject to her continued service as a director.
After the grant, she directly holds 16,757 shares of Class A common stock. Separately, an entity called Core & Main Management Feeder, LLC holds 82 shares for her benefit, tied to units in that LLC that are redeemable on a one-for-one basis for Class A common stock.
Positive
- None.
Negative
- None.
Insights
Routine director equity grant with small additional indirect holding disclosed.
Director Kathleen M. Mazzarella received 2,799 restricted stock units as part of her director compensation, with no purchase price. These RSUs vest upon time- and service-based conditions and are settled in Class A common stock when vested.
Following this grant, she directly owns 16,757 shares and has an additional indirect interest in 82 shares via Core & Main Management Feeder, LLC, redeemable one-for-one into Class A common stock. The filing reflects standard equity-based compensation rather than an open-market buy or sell, so it is generally interpreted as an administrative, neutral event.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2,799 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Represents restricted stock units granted as director compensation. The restricted stock units will vest upon the earlier to occur of the one year anniversary of the grant date or the Issuer's next annual meeting of shareholders to be held in 2027 and be settled in shares of Class A common stock, subject to the reporting person's continued service as a director of the Issuer. Represents securities held by Core & Main Management Feeder, LLC ("Management Feeder") in respect of common units ("Units") of Management Feeder held directly by the reporting person. Pursuant to the Fourth Amended and Restated LLC Agreement of Management Feeder, dated as of February 13, 2024, such vested Units held by the reporting person are redeemable at the discretion of the reporting person for shares of Class A common stock, on a one-for-one basis.