Harper Carla D 4

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.