CDW director granted 7.88 dividend-equivalent shares

CLARIZIO LYNDA M reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

CLARIZIO LYNDA M reported acquisition or exercise transactions in this Form 4 filing.

CDW Corp director Lynda M. Clarizio reported an automatic award of 7.88 shares of common stock at $129.30 per share. These dividend-equivalent shares were credited under outstanding restricted stock unit awards, bringing her direct holdings to 15,740.78 shares. The total reflects an added 0.78 shares from March 10, 2026 that were previously omitted.

Insider Trade Summary

Grant/Award: 7.88 shares

Grant/Award 1 txn

Insider CLARIZIO LYNDA M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.01	7.88	$129.30	$1K

Holdings After Transaction: Common Stock, par value $0.01 — 15,740.78 shares (Direct)

Footnotes (2)

1. F1. Dividend equivalents awarded pursuant to outstanding restricted stock unit awards previously granted under the CDW Corporation Long-Term Incentive Plan.
2. F2. This figure has been adjusted to reflect the addition of 0.78 shares, representing dividend equivalent awards on March 10, 2026, which were inadvertently omitted from the Form 4 filed on March 12, 2026.

Key Figures

Shares awarded: 7.88 shares Reporting price: $129.30/share Holdings after award: 15,740.78 shares +1 more

4 metrics

Shares awarded 7.88 shares Dividend-equivalent award on common stock

Reporting price $129.30/share Value used for the 7.88-share award

Holdings after award 15,740.78 shares Direct CDW common stock holdings after transaction

Prior omission adjustment 0.78 shares Dividend equivalents from March 10, 2026 added to total

Key Terms

Dividend equivalents, restricted stock unit awards, CDW Corporation Long-Term Incentive Plan, Form 4

4 terms

Dividend equivalents financial

"Dividend equivalents awarded pursuant to outstanding restricted stock unit awards previously granted under the CDW Corporation Long-Term Incentive Plan."

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 awards financial

"Dividend equivalents awarded pursuant to outstanding restricted stock unit awards previously granted under the CDW Corporation Long-Term Incentive Plan."

Restricted stock unit awards are company promises to deliver a specific number of shares to employees or service providers in the future once conditions—such as staying with the company for a set time or meeting performance targets—are met. They matter to investors because when the promises convert into actual shares they increase the total share count and can reduce earnings per share, while also aligning recipients’ interests with stock performance much like deferred pay that turns into ownership if goals are met.

CDW Corporation Long-Term Incentive Plan financial

"previously granted under the CDW Corporation Long-Term Incentive Plan."

Form 4 regulatory

"which were inadvertently omitted from the Form 4 filed on March 12, 2026."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

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

What insider transaction did CDW (CDW) director Lynda Clarizio report?

CDW director Lynda M. Clarizio reported an automatic award of 7.88 shares of common stock. These shares are dividend equivalents credited on outstanding restricted stock unit awards under the CDW Corporation Long-Term Incentive Plan, rather than an open-market purchase or sale.

At what price were Lynda Clarizio’s new CDW (CDW) shares recorded?

The 7.88 CDW shares awarded to Lynda Clarizio were recorded at $129.30 per share. This price is used for reporting purposes on the Form 4 and reflects the value of the dividend-equivalent stock granted under existing restricted stock unit awards.

How many CDW (CDW) shares does Lynda Clarizio hold after this Form 4?

After the reported award, Lynda Clarizio directly holds 15,740.78 shares of CDW common stock. This figure includes an additional 0.78 dividend-equivalent shares credited on March 10, 2026 that were inadvertently omitted from an earlier Form 4 filing and are now reflected.

What are dividend equivalents in the context of CDW (CDW) restricted stock units?

Dividend equivalents are additional share amounts credited to holders of restricted stock units to mirror dividends paid on common stock. For CDW, these were awarded under the Long-Term Incentive Plan to Lynda Clarizio, resulting in 7.88 additional shares and a small retroactive 0.78-share adjustment.

Did Lynda Clarizio buy or sell CDW (CDW) shares on the open market?

No open-market buy or sell occurred in this Form 4. Lynda Clarizio received 7.88 CDW shares as a grant of dividend equivalents tied to outstanding restricted stock units, which increased her direct holdings without a market trade taking place.

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

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Accepted by SEC EDGAR 06/12/2026 - 04:05 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

CLARIZIO LYNDA M

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.01	06/10/2026		A		7.88(1)	A	$129.3	15,740.78(2)	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Dividend equivalents awarded pursuant to outstanding restricted stock unit awards previously granted under the CDW Corporation Long-Term Incentive Plan.

2. This figure has been adjusted to reflect the addition of 0.78 shares, representing dividend equivalent awards on March 10, 2026, which were inadvertently omitted from the Form 4 filed on March 12, 2026.

Remarks:

	/s/ Stephanie Tso, Attorney-in-Fact	06/12/2026
	** Signature of Reporting Person	Date
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)