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Core & Main, Inc.·4

Mar 11, 5:10 PM ET

Witkowski Mark R 4

Research Summary

AI-generated summary

Updated

Core & Main (CNM) CEO Mark Witkowski Withholds Shares for Taxes

What Happened

Mark R. Witkowski, Chief Executive Officer of Core & Main, reported that the company withheld shares to satisfy tax withholding obligations upon the vesting of restricted stock units (RSUs). Two withholding transactions occurred: 478 shares withheld at $49.96 each ($23,881) and 937 shares withheld at $49.38 each ($46,269), for a combined withholding of 1,415 shares valued at approximately $70,150.

Key Details

  • Transaction dates and prices:
    • 2026-03-09: 478 shares withheld at $49.96 (value $23,881)
    • 2026-03-10: 937 shares withheld at $49.38 (value $46,269)
  • Transaction code: F — shares withheld by the issuer for tax withholding on RSU vesting (footnote F1).
  • Shares owned after the transactions: not specified in the provided filing summary.
  • Filing: Form 4 filed 2026-03-11; transactions reported within the usual two-business-day window (timely).

Context

These were tax-withholding disposals tied to RSU vesting (a common, routine administrative action), not an open-market sale signaling a trading decision. Such withholdings reduce the insider’s net shares delivered from an award but do not necessarily indicate a view on the company’s stock.