Core & Main (NYSE: CNM) director awarded 2,799 restricted stock units as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Amirthalingam Bhavani reported acquisition or exercise transactions in this Form 4 filing.
Core & Main, Inc. director Bhavani Amirthalingam received an equity grant of 2,799 shares of Class A common stock in the form of restricted stock units as director compensation. The award was granted at no cash cost per share and is a standard, non-market transaction.
The restricted stock units will vest on 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 continued board service. Following this grant, Amirthalingam holds 17,955 shares of Class A common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Amirthalingam Bhavani
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2,799 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 17,955 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 2,799 shares
Grant price: $0.00 per share
Shares after transaction: 17,955 shares
+1 more
4 metrics
RSUs granted
2,799 shares
Restricted stock units granted as director compensation
Grant price
$0.00 per share
Equity compensation, not an open-market purchase
Shares after transaction
17,955 shares
Total Class A common stock directly held after grant
Vesting timing
By 2027 annual meeting
Earlier of one year from grant or 2027 annual meeting
Key Terms
restricted stock units, director compensation, vest, 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."
vest financial
"The restricted stock units will vest upon the earlier to occur of the one year anniversary of the grant date"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did Core & Main (CNM) director Bhavani Amirthalingam report in this Form 4?
Bhavani Amirthalingam reported receiving 2,799 restricted stock units of Core & Main Class A common stock as director compensation. These units were granted at no cash cost and increase the director’s direct holdings to 17,955 shares after the transaction.
At what price were the Core & Main (CNM) restricted stock units granted?
The restricted stock units were granted at a price of $0.00 per share, indicating they are compensation rather than a market purchase. The director receives the underlying shares upon vesting without paying a cash exercise price to the company.
When will the newly granted Core & Main (CNM) restricted stock units vest?
The restricted stock units will vest on the earlier of the one-year anniversary of the grant date or Core & Main’s next annual shareholder meeting to be held in 2027. Vesting is conditioned on the director’s continued service on the company’s board.