Robyn L. Bradbury, Chief Financial Officer of Core & Main, Inc. (NASDAQ: CNM), executed a sale of 5,000 shares of the company’s Class A common stock on April 17, 2026, generating aggregate proceeds of $262,724. The disposition was carried out pursuant to a Rule 10b5-1 trading plan Ms. Bradbury established on January 16, 2026.
The share dispositions occurred across multiple transactions at prices between $51.4900 and $53.2200 per share. Transaction detail provided by the company shows that 1,647 shares were sold at a weighted-average price of $51.9404, with individual trade prices ranging from $51.4900 to $52.4700. The remaining 3,353 shares were sold at a weighted-average price of $52.8417, with executed prices spanning $52.4900 to $53.2200.
Before executing these sales, Ms. Bradbury acquired 5,000 shares of Class A common stock the same day via an exchange. That exchange resulted from swapping 5,000 shares of Class B common stock and limited partnership interests of Core & Main Holdings, LP on a one-for-one basis for Class A common stock, in accordance with an exchange agreement. The exchange transaction was paired with the redemption of 5,000 vested common units she held, which related to those interests.
After the combined exchange and sale activity, Ms. Bradbury’s reported holdings include direct ownership of 12,500 shares of Class A common stock. In addition, she holds indirect interests: 22 Class A common shares through an LLC, and 152,447 Class B common shares and limited partnership interests through an LLC. The filing notes that the Class B common stock and limited partnership interests are exchangeable on a one-for-one basis for Class A common stock.
Core & Main also released its fourth-quarter financial metrics and corporate updates alongside the insider transaction disclosure. The company reported adjusted EBITDA for the fourth quarter of $167 million, a figure that aligns with Barclays’ estimate of $166 million and meets consensus expectations. The quarterly results highlighted a strong gross margin and a favorable SG&A outcome, despite revenue being lighter.
On the credit side, Core & Main’s indirect subsidiary, Core & Main LP, amended its asset-based lending credit agreement. The amendment extends the maturity date of the existing $1.25 billion commitments to April 9, 2031. As part of that amendment, Wells Fargo Bank was designated as the administrative agent and collateral agent, replacing Citibank, N.A.
Corporate governance and analyst coverage moved in step with these operational disclosures. The company appointed M. Susan Hardwick, former CEO of American Water Works Company, to its board of directors and named her a member of the talent and compensation committee. On the analyst front, RBC Capital kept an Outperform rating on Core & Main while cutting its FY’26 and FY’27 EBITDA estimates by 1% each. Truist Securities reiterated a Hold rating, citing guidance that was slightly below expectations on the EBITDA line. Barclays maintained an Overweight rating and left a $63 price target in place, noting that the company’s reported performance aligned with expectations.
The filings and corporate updates provide a consolidated snapshot of insider activity, quarterly performance, liquidity arrangements, board changes, and analyst reactions within a single reporting period. The details reported by the company document the mechanics of the equity exchange and sale, the post-transaction ownership positions, the quarter’s adjusted EBITDA outcome relative to estimates, and material amendments to the company’s credit facility.