Stephens John Weldon 4

What Happened

• John Weldon Stephens, Chief Accounting Officer of Core & Main (CNM), received equity awards and had a small tax-withholding disposition. On 2026-03-11, 107 shares were withheld/sold to cover tax withholding at $49.16 each, generating $5,260. On 2026-03-12 he was granted 936 restricted stock units (RSUs) and 6,684 derivative awards (reported as acquisitions at $0 on the Form 4).

Key Details

• Transactions:
  • 2026-03-11: 107 shares withheld/sold for tax purposes at $49.16 — proceeds $5,260 (Transaction code F).
  • 2026-03-12: 936 RSUs granted (reported at $0) (Transaction code A).
  • 2026-03-12: 6,684 derivative awards granted (reported at $0) (Transaction code A; derivative).
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1: 107 shares withheld by the issuer to satisfy tax withholding upon RSU vesting.
  • F2: The 936 RSUs each represent a right to one Class A common share; vest in three equal annual installments on Mar 11, 2027, 2028 and 2029.
  • F3: The derivative awards/options vest in three equal installments on Mar 11, 2027, 2028 and 2029.
• Filing timeliness: Report filed 2026-03-13 for transactions dated 2026-03-11/12 — appears timely (not marked late).

Context

• The two 2026-03-12 entries are awards (RSUs and derivative awards/options), not open-market purchases; they were reported at $0 on the Form 4 because they are grants. The 107-share disposition was a routine tax-withholding transaction tied to equity compensation vesting, not a discretionary sale for investment reasons. The awards vest over three years per the footnotes, so they are subject to future vesting conditions.