Core & Main (NYSE: CNM) director receives 2,799 restricted stock units as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gipson Dennis G reported acquisition or exercise transactions in this Form 4 filing.
Core & Main, Inc. director Dennis G. Gipson received an award of 2,799 shares of Class A common stock in the form of restricted stock units as director compensation. The award was recorded at a price of $0.00 per share, indicating it is a compensation grant rather than an open-market purchase.
The restricted stock 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, subject to his continued board service. After this grant, Gipson directly holds 16,757 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gipson Dennis 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 — 16,757 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 2,799 shares
Grant price: $0.00 per share
Holdings after transaction: 16,757 shares
+2 more
5 metrics
RSU grant size
2,799 shares
Restricted stock units granted to director as compensation
Grant price
$0.00 per share
Compensation award, not open-market purchase
Holdings after transaction
16,757 shares
Class A common stock held directly after grant
Vesting timing
One-year anniversary or 2027 meeting
RSUs vest by earlier of one year from grant or 2027 annual meeting
Transaction date
June 23, 2026
Date of RSU grant on Form 4
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"
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 insider transaction did CNM director Dennis G. Gipson report?
Dennis G. Gipson reported receiving 2,799 restricted stock units of Core & Main Class A common stock as director compensation. The grant was awarded at $0.00 per share and will settle in shares upon vesting, rather than involving any cash purchase.
What are the vesting terms of the CNM restricted stock units granted to Dennis G. Gipson?
The 2,799 restricted stock units granted to Dennis G. Gipson vest upon the earlier of the one-year anniversary of the grant date or Core & Main’s next annual meeting of shareholders in 2027. Vesting requires his continued service as a director through that vesting event.
Is the CNM Form 4 transaction a market buy or a compensation award?
The transaction is a compensation award, not a market buy. The Form 4 describes it as a grant or award acquisition of 2,799 restricted stock units for director compensation, with a zero dollar per share price and vesting tied to service and the 2027 annual meeting.