Castellano James G 4
Research Summary
AI-generated summary
Core & Main (CNM) Director James G. Castellano Receives Award
What Happened
James G. Castellano, a director of Core & Main, Inc. (CNM), received an award of 2,799 restricted stock units (RSUs) on 2026-06-23. The RSUs were granted at $0.00 (no cash purchase) and will be settled in Class A common stock upon vesting. The reported grant is director compensation rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-23; Form filed: 2026-06-24.
- Grant: 2,799 RSUs at $0.00 (transaction code A — award/grant).
- Reported value on grant: $0 (RSUs represent a future right to shares, not an immediate cash transaction).
- Vesting (per footnote F1): RSUs vest on the earlier of the one-year anniversary of the grant or the issuer’s next annual meeting of shareholders in 2027, and are subject to Castellano’s continued service as a director.
- Shares owned after the transaction: not disclosed in the provided transaction summary.
- No 10b5-1 plan, tax-withholding, or late-filing flags noted in the supplied data.
Context
Restricted stock units are a form of equity compensation that convert into company shares when they vest; they are common for board members and reflect compensation, not an immediate market bet. Such awards don’t indicate a buy/sell decision by the insider but are useful to track insider equity accumulation over time.