Stephen LeClair - Mar 10, 2023 Form 4 Insider Report for Core & Main, Inc. (CNM)

Role
Chief Executive Officer, Director
Signature
/s/ Mark Whittenburg, as Attorney-in-Fact for Stephen O. LeClair
Stock symbol
CNM
Transactions as of
Mar 10, 2023
Transactions value $
$0
Form type
4
Date filed
3/14/2023, 07:28 PM
Previous filing
Aug 18, 2022
Next filing
Apr 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNM Class A Common Stock Award $0 +38K +106.18% $0.00 73.7K Mar 10, 2023 Direct F1, F2
holding CNM Class A Common Stock 242 Mar 10, 2023 By LLC F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CNM Options (Rights to Buy) Award $0 +312K $0.00 312K Mar 10, 2023 Class A Common Stock 312K $22.11 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs") granted to the reporting person. Each RSU represents a contingent right to receive one share of Class A common stock of the Issuer ("Class A common stock"). The RSUs vest in three equal annual installments on March 10, 2024, March 10, 2025 and March 10, 2026, subject to the reporting person remaining employed with the Issuer through each vesting date.
F2 Includes RSUs previously granted to the reporting person.
F3 Represents securities held by Core & Main Management Feeder, LLC ("Management Feeder") in respect of common units ("Units") of Management Feeder directly held by the reporting person. Pursuant to the Third Amended and Restated LLC Agreement of Management Feeder, dated as of July 22, 2021, 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.
F4 The options vest in three equal installments on March 10, 2024, March 10, 2025 and March 10, 2026, subject to the reporting person remaining employed with the Issuer through each vesting date.