John W. Stephens - Mar 13, 2023 Form 4 Insider Report for Core & Main, Inc. (CNM)

Role: Chief Accounting Officer
Signature: /s/ Mark Whittenburg, as Attorney-in-Fact for John W. Stephens
Stock symbol: CNM
Transactions as of: Mar 13, 2023
Transactions value $: -$23,649
Form type: 4
Date filed: 1/17/2025, 05:00 PM
Previous filing: Mar 14, 2023
Next filing: Apr 17, 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CNM	Class A Common Stock	Tax liability	-$4.33K	-202	-4.72%	$21.45	4.08K	Mar 13, 2023	Direct	F1, F2
transaction	CNM	Class A Common Stock	Tax liability	-$9.61K	-199	-4.88%	$48.29	3.88K	Mar 11, 2024	Direct	F1, F2
transaction	CNM	Class A Common Stock	Tax liability	-$9.71K	-201	-5.18%	$48.29	3.68K	Mar 11, 2024	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	Represents prior share forfeitures to the Issuer for tax withholding purposes upon the vesting of a portion of restricted stock units ("RSUs") granted to the reporting person.
F2	Of the 4,281 RSUs originally granted an aggregate of 602 shares of Class A common stock have been forfeited to the Issuer for tax withholdings purposes and an aggregate of 1,135 shares of Class A common stock have vested with 2,544 RSUs remaining unvested, as of the date of this Form 4. Each RSU represents a contingent right to receive one share of Class A common stock. Each RSU represents a contingent right to receive one share of Class A common stock. The unvested portion of the RSUs granted on March 11, 2022 vest on March 11, 2025. The RSUs granted on March 10, 2023 vest in two equal installments on March 10, 2025 and March 10, 2026. The RSUs granted on March 7, 2024 vest in three equal installments on March 7, 2025, March 7, 2026 and March 7, 2027. All RSU vesting is subject to the terms of the associated Participant Restricted Stock Unit Agreement.

Content

Represents prior share forfeitures to the Issuer for tax withholding purposes upon the vesting of a portion of restricted stock units ("RSUs") granted to the reporting person.

Of the 4,281 RSUs originally granted an aggregate of 602 shares of Class A common stock have been forfeited to the Issuer for tax withholdings purposes and an aggregate of 1,135 shares of Class A common stock have vested with 2,544 RSUs remaining unvested, as of the date of this Form 4. Each RSU represents a contingent right to receive one share of Class A common stock. Each RSU represents a contingent right to receive one share of Class A common stock. The unvested portion of the RSUs granted on March 11, 2022 vest on March 11, 2025. The RSUs granted on March 10, 2023 vest in two equal installments on March 10, 2025 and March 10, 2026. The RSUs granted on March 7, 2024 vest in three equal installments on March 7, 2025, March 7, 2026 and March 7, 2027. All RSU vesting is subject to the terms of the associated Participant Restricted Stock Unit Agreement.