Gipson Dennis G 4

What Happened

• Dennis G. Gipson, a director of Core & Main, Inc. (CNM), received a grant of 2,799 restricted stock units (RSUs) on 2026-06-23. The award was granted at $0.00 per share (i.e., no cash purchase); total current value upon grant is reported as $0 because these are compensation units that convert to shares upon vesting.
• The RSUs will be settled in shares of Class A common stock and vest upon the earlier of the one-year anniversary of the grant date or the issuer's next annual meeting of shareholders in 2027, subject to Gipson’s continued service as a director.

Key Details

• Transaction date: 2026-06-23; filing date: 2026-06-24 (timely Form 4 filing).
• Transaction type/code: Award/Grant (A); shares granted: 2,799; price: $0.00.
• Settlement: Restricted stock units to be settled in Class A common stock upon vesting.
• Vesting: Earlier of one-year anniversary of grant or the 2027 annual meeting; subject to continued director service (see footnote F1).
• Shares owned after transaction: Not provided in the supplied filing excerpt.

Context

• RSU grants to directors are routine compensation and do not represent an open-market purchase or sale of company stock; the recipient does not receive shares until the RSUs vest and are settled.
• Such awards are compensation-related and should be viewed differently from purchases (which may signal a direct vote of confidence) or dispositions.