Cowles Bradford A 4

What Happened
Bradford A. Cowles, President of Core & Main, had shares withheld by the company to satisfy tax withholding obligations when a portion of his restricted stock units (RSUs) vested. Two withholding transactions occurred: 435 shares were withheld at $49.96 ($21,733) and 741 shares were withheld at $49.38 ($36,591), for a combined 1,176 shares and roughly $58,324 in value. This was a tax-withholding disposition tied to RSU vesting—not an open-market sale or a purchase.

Key Details

• Transaction dates and prices:
  • 2026-03-09: 435 shares withheld @ $49.96 = $21,733
  • 2026-03-10: 741 shares withheld @ $49.38 = $36,591
• Total shares withheld: 1,176; total value: ~$58,324.
• Shares owned after transaction: not stated in the filing.
• Footnote: F1 — shares were withheld by the issuer for tax withholding upon vesting of restricted stock units.
• Filing: Report filed 2026-03-11 covering the 2026-03-09 and 2026-03-10 transactions; the filing shows no indication of lateness.

Context
Withholding shares to cover tax on vested RSUs is a common, administrative action and does not necessarily signal a change in the insider’s view of the company. This is a disposition coded as tax withholding (F), not a voluntary sale (S) or open-market transaction.