Bradbury Robyn L 4
4 · Core & Main, Inc. · Filed Apr 21, 2026
Research Summary
AI-generated summary of this filing
Core & Main (CNM) CFO Robyn Bradbury Sells 5,000 Shares
What Happened
- Robyn L. Bradbury, Chief Financial Officer of Core & Main (CNM), converted vested limited‑partner units and Paired Interests into 5,000 Class A shares and then sold those 5,000 shares on April 17, 2026. The sales were executed in two tranches: 1,647 shares sold at a weighted average of $51.94 for $85,546, and 3,353 shares sold at a weighted average of $52.84 for $177,178, for a total proceeds of approximately $262,724. The conversions and redemptions that produced the Class A shares were recorded at no cash cost to the reporting person (one‑for‑one exchanges per the agreements described in the filing).
Key Details
- Transaction date: April 17, 2026.
- Sales: 1,647 shares @ $51.94 (≈ $85,546) and 3,353 shares @ $52.84 (≈ $177,178); total ≈ $262,724.
- Price ranges reported: $51.49–$52.47 and $52.49–$53.22 (weighted averages reported; filing notes per‑price breakdown available on request).
- Conversion/acquisition: 5,000 Paired Interests/Class B common stock exchanged for 5,000 Class A shares (one‑for‑one) and 5,000 vested Units redeemed for Paired Interests (no cash payment on conversion).
- Plan/authorization: Sales were effected pursuant to a Rule 10b5‑1 trading plan adopted Jan 16, 2026 (per footnote).
- Shares owned after transaction: not specified in the filing.
- Filing: Form 4 filed Apr 21, 2026 reporting the Apr 17 transactions; no late‑filing flag specified in the filing.
Context
- The filing combines derivative redemptions/conversions (units → Paired Interests → Class A shares) followed by open‑market sales. Conversions were recorded at $0 because they reflect contractual one‑for‑one exchanges, not cash purchases. The sales were pre‑arranged under a 10b5‑1 plan, a common mechanism insiders use to sell shares according to a preset schedule and avoid questions about trading on inside information. Purchases (bullish signals) are typically more informative than routine sales; this filing documents a routine disposition following conversion of vested interests.
Insider Transaction Report
Form 4
Bradbury Robyn L
Chief Financial Officer
Transactions
- Conversion
Class A Common Stock
[F1][F2]2026-04-17+5,000→ 17,500 total - Sale
Class A Common Stock
[F3][F4]2026-04-17$51.94/sh−1,647$85,546→ 15,853 total - Sale
Class A Common Stock
[F3][F5]2026-04-17$52.84/sh−3,353$177,178→ 12,500 total - Other
Class B Common Stock and Limited Partnership Interests
[F7][F8][F2]2026-04-17−5,000→ 152,447 total(indirect: By LLC)→ Class A Common Stock (5,000 underlying) - Other
Class B Common Stock and Limited Partnership Interests
[F7][F2]2026-04-17+5,000→ 5,000 total→ Class A Common Stock (5,000 underlying) - Conversion
Class B Common Stock and Limited Partnership Interests
[F7][F1]2026-04-17−5,000→ 0 total→ Class A Common Stock (5,000 underlying)
Holdings
- 22(indirect: By LLC)
Class A Common Stock
[F6]
Footnotes (8)
- [F1]On April 17, 2026, pursuant to the terms of an exchange agreement, dated as of July 22, 2021 (as amended, the "Exchange Agreement"), 5,000 shares of Class B common stock of the Issuer ("Class B common stock") and limited partnership interests of Core & Main Holdings, LP (together, a "Paired Interest") were exchanged for shares of Class A common stock, on a one-for-one basis.
- [F2]On April 17, 2026, pursuant to the terms of the Fourth Amended and Restated LLC Agreement of Core & Main Management Feeder, LLC ("Management Feeder"), dated as of February 13, 2024 (as amended, the "LLC Agreement"), 5,000 vested common units ("Units") held directly by the reporting person were redeemed at the discretion of the reporting person for 5,000 Paired Interests.
- [F3]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 16, 2026.
- [F4]The price reported represents the weighted average price of shares of Class A common stock sold in multiple transactions at prices ranging from $51.4900 to $52.4700 per share. The reporting person will provide to the Issuer, or the Securities and Exchange Commission staff, upon request, information regarding the number of shares sold at each price within the range.
- [F5]The price reported represents the weighted average price of shares of Class A common stock sold in multiple transactions at prices ranging from $52.4900 to $53.2200 per share. The reporting person will provide to the Issuer, or the Securities and Exchange Commission staff, upon request, information regarding the number of shares sold at each price within the range.
- [F6]Represents securities held by Management Feeder in respect of Units of Management Feeder held directly by the reporting person. Pursuant to the LLC Agreement such vested Units held by the reporting person are redeemable at the discretion of the reporting person for shares of Class A common stock, on a one-for-one basis.
- [F7]Pursuant to the terms of the Exchange Agreement, Paired Interests are exchangeable at the discretion of the reporting person for shares of Class A common stock on a one-for-one basis or, at the election of a majority of the disinterested members of the Issuer's board of directors, for cash from a substantially concurrent public offering or private sale (based on the price of Class A common stock sold in such public offering or private sale, net of any underwriting discounts and commissions, for each limited partnership interest exchanged, subject to certain exceptions, conditions and adjustments). The Class B common stock and limited partnership interests have no expiration date.
- [F8]Represents securities held by Management Feeder in respect of Units directly held by the reporting person. Pursuant to the LLC Agreement, such vested Units held by the reporting person are redeemable at the discretion of the reporting person for Paired Interests, on a one-for-one basis.
Signature
/s/ Jackie Burkhardt, as Attorney-in-Fact for Robyn L. Bradbury|2026-04-21