Core & Main (NYSE: CNM) president receives new stock and option awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Core & Main, Inc. President Bradford A. Cowles reported routine equity compensation and related tax withholding. He received stock options for 50,676 shares of Class A common stock at an exercise price of $47.63 per share, expiring in 2036, vesting in three equal installments on March 11, 2027, 2028 and 2029.
He was also granted 7,086 restricted stock units, each representing one share of Class A common stock, vesting on the same three annual dates. Separately, 607 shares of Class A common stock were withheld at $49.16 per share to cover tax obligations upon vesting of earlier RSUs. Following these transactions, he directly holds 25,491 shares of Class A common stock and 50,676 options.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Cowles Bradford A
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Options (Rights to Buy) | 50,676 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 7,086 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 607 | $49.16 | $30K |
Holdings After Transaction:
Options (Rights to Buy) — 50,676 shares (Direct);
Class A Common Stock — 25,491 shares (Direct)
Footnotes (1)
- Represents shares withheld by the Issuer for tax withholding purposes upon the vesting of a portion of restricted stock units ("RSUs") granted to the reporting person. Represents RSUs granted to the reporting person. Each RSU represents a contingent right to receive one share of Class A common stock of the Issuer. The RSUs vest in three equal annual installments on March 11, 2027, March 11, 2028 and March 11, 2029, subject to the terms of the associated Participant Restricted Stock Unit Agreement. The options vest in three equal installments on March 11, 2027, March 11, 2028 and March 11, 2029, subject to the terms of the associated Participant Stock Option Agreement.
FAQ
What insider transactions did Core & Main (CNM) President Bradford A. Cowles report?
Bradford A. Cowles reported routine equity compensation transactions. He received stock options for 50,676 shares and 7,086 restricted stock units, and had 607 shares withheld to cover taxes related to prior RSU vesting, while increasing his overall direct equity exposure in Core & Main.
How many stock options did CNM’s president receive and at what exercise price?
Cowles was granted options on 50,676 shares of Class A stock. The options carry an exercise price of $47.63 per share and expire in 2036, providing a long-dated incentive aligned with Core & Main’s share price performance over the coming years.
What restricted stock unit (RSU) awards did the Core & Main president receive?
Cowles received 7,086 restricted stock units. Each RSU represents a right to one share of Class A common stock. These RSUs vest in three equal annual installments on March 11, 2027, March 11, 2028 and March 11, 2029, subject to the governing RSU agreement.
What is the vesting schedule for Bradford A. Cowles’ new Core & Main equity awards?
Both the RSUs and options vest over three years. They vest in equal installments on March 11, 2027, March 11, 2028 and March 11, 2029, subject to the terms of the respective Participant Restricted Stock Unit Agreement and Participant Stock Option Agreement.