Harper Carla D 4
4 · Core & Main, Inc. · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Core & Main (CNM) Senior VP Carla Harper Receives RSU Grant
What Happened
Carla D. Harper, Senior Vice President, Human Resources at Core & Main (CNM), was granted a total of 20,061 restricted stock units (RSUs) on 2026-03-12 (2,463 RSUs + 17,598 derivative RSUs). The filing also shows 89 shares were withheld/disposed on 2026-03-11 to cover tax withholding at $49.16 per share, netting roughly $4,375. The grants are recorded at $0 per share in the filing because they are equity awards that vest in the future; the 89-share disposition was a routine tax-withholding action, not a market-sale for investment.
Key Details
- Transactions:
- 2026-03-11: 89 shares withheld/disposed @ $49.16 = $4,375 (footnote F1: tax withholding)
- 2026-03-12: 2,463 RSUs granted @ $0 (footnote F2)
- 2026-03-12: 17,598 derivative RSUs granted @ $0 (recorded as derivative award)
- Vesting: Footnote F2 indicates RSUs vest in three equal annual installments on March 11, 2027, 2028 and 2029. (Footnote F3 references a standard three-year vesting for options, though no option exercise is reported here.)
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Filing timeliness: Form 4 was filed 2026-03-13 for transactions dated 2026-03-11–03-12; this appears to be filed within the required two business days (i.e., timely).
- Nature of the 89-share disposition: tax withholding (routine), not an open-market sale tied to investment decisions.
Context
RSU and derivative awards are compensation grants that convert to ordinary shares only upon vesting; they are recorded at $0 in the Form 4 because no cash changed hands at grant. The small share disposition here was to satisfy tax withholding upon vesting and is generally considered routine administrative activity rather than a directional insider trade. There were no open-market purchases reported that would typically be viewed as a stronger bullish signal.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1]2026-03-11$49.16/sh−89$4,375→ 11,411 total - Award
Class A Common Stock
[F2]2026-03-12+2,463→ 13,874 total - Award
Options (Rights to Buy)
[F3]2026-03-12+17,598→ 17,598 totalExercise: $47.63Exp: 2036-03-12→ Class A Common Stock (17,598 underlying)
Footnotes (3)
- [F1]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.
- [F2]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.
- [F3]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.