Giles Jeffrey D 4
Research Summary
AI-generated summary
Core & Main (CNM) EVP Jeffrey D. Giles Receives RSU & Option Award
What Happened
Jeffrey D. Giles, Executive Vice President, Corporate Development of Core & Main, was granted two forms of equity awards on March 12, 2026: 3,021 restricted stock units (RSUs) and a derivative award of 21,585 stock options (both recorded as acquisition code "A"). Both awards show a grant price of $0.00 at issuance; the reported dollar value at grant is $0. These awards do not represent open‑market purchases or sales.
Key Details
- Transaction date: March 12, 2026 (Form 4 filed March 13, 2026). Transaction code: A (award/grant).
- Awards: 3,021 RSUs (F1) and 21,585 stock options/derivative units (F2). Grant price reported: $0.00.
- Vesting: Both the RSUs and the options vest in three equal annual installments on March 11, 2027, March 11, 2028 and March 11, 2029 (per footnotes).
- Shares owned after the transaction: not specified in the provided excerpt of the filing.
- Filing timeliness: Filed the day after the grant date (no late filing indicated in the provided data).
- Notes: F1 describes RSUs as a contingent right to one share each; F2 notes the option vesting schedule.
Context
These are compensation awards (grants) that vest over time and do not indicate an immediate purchase or sale of shares. The $0 grant price is typical for RSUs and some option/award grants; the ultimate value depends on Core & Main’s future stock price and vesting conditions.