Witkowski Mark R 4

What Happened

• Mark R. Witkowski, Chief Executive Officer of Core & Main, had 1,685 shares withheld on March 11, 2026 to cover tax withholding related to RSU vesting; those shares were disposed at $49.16 each for proceeds of $82,835.
• On March 12, 2026 he received two awards: 18,372 restricted stock units (RSUs) and a 131,382-share derivative award (stock options as described in the filing). Both awards were reported at $0.00 and will vest over time per the plan documents.

Key Details

• Transaction dates and amounts:
  • 2026-03-11: 1,685 shares withheld/disposed at $49.16 = $82,835 (tax withholding; code F).
  • 2026-03-12: 18,372 RSUs granted (code A; reported $0.00).
  • 2026-03-12: 131,382 derivative award (options) granted (code A; reported $0.00).
• Vesting: The RSUs vest in three equal annual installments on March 11, 2027, 2028 and 2029 (footnote F2). The options vest in three equal installments on the same dates (footnote F3).
• Shares owned after transaction: Not specified in the excerpt provided; see the full Form 4 for total beneficial ownership.
• Footnotes: F1 explains the 1,685 shares were withheld for tax withholding on vested RSUs. F2 describes the RSU terms; F3 describes the option vesting schedule.
• Filing timeliness: Form 4 was filed on 2026-03-13 reporting changes as of 2026-03-11 and 2026-03-12 — this appears to be timely (Form 4 is generally due within two business days of the transaction).

Context

• RSUs are a compensation award that convert to shares upon vesting; they are not open‑market purchases and typically reflect compensation rather than a direct bullish bet.
• The 131,382-share derivative award is reported as stock options that will vest over three years; options require exercise to convert into stock and may carry an exercise price (check the full filing for exercise price and other terms).
• The small disposal was a routine tax-withholding action and does not necessarily indicate a change in sentiment.