STOCK TITAN

CDW CEO awarded 825.3 shares in dividend grant

CDW’s CEO received a small dividend-equivalent stock award linked to prior RSUs, bringing direct holdings to about 194,480 shares plus 17,250 shares held through a family trust.

(Moderate)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CDW Corp (CDW) reported that Chair, President, and Chief Executive Officer Christine A. Leahy acquired 825.3 shares of common stock on September 10, 2026 as a dividend equivalent award tied to previously granted restricted stock units under the CDW Corporation 2021 Long-Term Incentive Plan, at a reference price of $142.60 per share.

After this award, Leahy directly holds 194,480.41 shares of CDW common stock, and an additional 17,250 shares are held indirectly through the Christine A. Leahy Gift Trust. No transactions were reported under a Rule 10b5-1 trading plan.

Positive

  • None.

Negative

  • None.
Insider LEAHY CHRISTINE A
Role See Remarks
Type Security Shares Price Value
Grant/Award Common Stock, par value $0.01 F1 825.3 $142.60 $118K
holding Common Stock, par value $0.01 F2 -- -- --
Holdings After Transaction: Common Stock, par value $0.01 — 194,480.41 shares (Direct); Common Stock, par value $0.01 — 17,250 shares (Indirect, By the Christine A. Leahy Gift Trust)
Footnotes (2)
  1. F1. Dividend equivalents awarded pursuant to outstanding restricted stock unit awards previously granted under the CDW Corporation 2021 Long-Term Incentive Plan.
  2. F2. These shares are indirectly held through a family trust.
Dividend-equivalent shares awarded 825.3 shares Common stock awarded to Christine A. Leahy on September 10, 2026
Reference price per share $142.60 per share Price associated with the 825.3-share dividend-equivalent award
Direct holdings after transaction 194,480.41 shares CDW common stock directly held by Christine A. Leahy after the award
Indirect holdings via gift trust 17,250 shares CDW common stock held through the Christine A. Leahy Gift Trust
Total reported acquire transactions 1 transaction Non-derivative acquisition reported in this Form 4
Dividend equivalents financial
"Dividend equivalents awarded pursuant to outstanding restricted stock unit awards"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
restricted stock unit financial
"awarded pursuant to outstanding restricted stock unit awards previously granted"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Long-Term Incentive Plan financial
"previously granted under the CDW Corporation 2021 Long-Term Incentive Plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
indirectly held financial
"These shares are indirectly held through a family trust"
family trust financial
"These shares are indirectly held through a family trust"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did CDW (CDW) report for Christine A. Leahy?

CDW reported that Christine A. Leahy received an award of 825.3 shares of common stock on September 10, 2026 as dividend equivalents related to previously granted restricted stock units.

Was the CDW (CDW) insider transaction an open-market purchase or a compensation award?

The transaction was a compensation-related award, specifically dividend equivalents credited pursuant to outstanding restricted stock unit awards under the CDW Corporation 2021 Long-Term Incentive Plan, not an open-market purchase.

How many CDW (CDW) shares does Christine A. Leahy hold after this Form 4 transaction?

Following the reported award, Christine A. Leahy holds 194,480.41 shares of CDW common stock directly and 17,250 shares indirectly through the Christine A. Leahy Gift Trust.

At what price were the new CDW (CDW) shares associated with the award recorded?

The 825.3 dividend-equivalent shares were recorded at $142.60 per share. This figure is a reference price used in the award disclosure rather than an open-market trade price.

Were the reported CDW (CDW) insider transactions under a Rule 10b5-1 trading plan?

No. The filing indicates no Rule 10b5-1 trading plan was reported in connection with these transactions; the document-level Rule 10b5-1 checkbox was not marked as applicable.

What does the indirect ownership reported for CDW (CDW) represent?

The filing states that 17,250 shares are held indirectly through the Christine A. Leahy Gift Trust. A footnote explains these shares are indirectly held through a family trust.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a 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). See Instruction 10.
1. Name and Address of Reporting Person*
LEAHY CHRISTINE A

(Last)(First)(Middle)
C/O CDW CORPORATION
200 N. MILWAUKEE AVE

(Street)
VERNON HILLS ILLINOIS 60061

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
CDW Corp [ CDW ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
See Remarks
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/10/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock, par value $0.0109/10/2026A825.3(1)A$142.6194,480.41D
Common Stock, par value $0.0117,250(2)IBy the Christine A. Leahy Gift Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Dividend equivalents awarded pursuant to outstanding restricted stock unit awards previously granted under the CDW Corporation 2021 Long-Term Incentive Plan.
2. These shares are indirectly held through a family trust.
Remarks:
Chair, President, and Chief Executive Officer
/s/ Stephanie Tso, Attorney-in-Fact09/14/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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