CDW (NASDAQ: CDW) executive adds 108 dividend-equivalent shares via RSU awards

Rhea-AI Filing Summary

CDW Corp executive Albert Joseph Miralles Jr. reported an acquisition of 108.19 shares of common stock on a Form 4. These shares represent dividend equivalents credited in connection with previously granted restricted stock units under the CDW Corporation Long-Term Incentive Plan at a reference price of $129.30 per share.

After this grant, his directly held position increased to 47,344.47 shares. A footnote explains that this figure was adjusted to add 7.75 dividend equivalent shares from March 10, 2026 that were inadvertently omitted from an earlier Form 4, making this filing largely administrative and compensation-related rather than an open-market trade.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider MIRALLES ALBERT JOSEPH JR

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.01	108.19	$129.30	$14K

Holdings After Transaction: Common Stock, par value $0.01 — 47,344.47 shares (Direct, null)

Footnotes (1)

1. Dividend equivalents awarded pursuant to outstanding restricted stock unit awards previously granted under the CDW Corporation Long-Term Incentive Plan. This figure has been adjusted to reflect the addition of 7.75 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 acquired: 108.19 shares Reference price per share: $129.30 per share Shares held after transaction: 47,344.47 shares +1 more

4 metrics

Shares acquired 108.19 shares Dividend equivalents on RSUs, transaction date June 10, 2026

Reference price per share $129.30 per share Used for dividend equivalent award calculation

Shares held after transaction 47,344.47 shares Direct CDW common stock holdings following the award

Prior omission correction 7.75 shares Dividend equivalents from March 10, 2026 added to holdings

Key Terms

dividend equivalents, restricted stock unit, 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 financial

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

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 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.

Form 4 regulatory

"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.

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Form 4 Insider Transactions: What Each Field Means →

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^*

MIRALLES ALBERT JOSEPH JR

(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)

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

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		108.19(1)	A	$129.3	47,344.47(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 7.75 shares, representing dividend equivalent awards on March 10, 2026, which were inadvertently omitted from the Form 4 filed on March 12, 2026.

Remarks:

Chief Financial Officer and Executive Vice President, Enterprise Business Operations

	/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)

FAQ

What insider transaction did CDW (CDW) report for Albert Joseph Miralles Jr.?

CDW reported that executive Albert Joseph Miralles Jr. acquired 108.19 shares of common stock. The acquisition came as dividend equivalents tied to previously granted restricted stock units, reflecting routine equity-based compensation rather than an open-market stock purchase or sale.

How many CDW (CDW) shares does Albert Joseph Miralles Jr. hold after this Form 4?

Following the reported transaction, Albert Joseph Miralles Jr. directly holds 47,344.47 CDW common shares. This updated figure includes a small 7.75-share adjustment for earlier dividend equivalents that were inadvertently omitted from a prior Form 4 filing in March 2026.

What are the 108.19 CDW (CDW) shares reported in this Form 4 related to?

The 108.19 shares are dividend equivalents awarded on outstanding restricted stock unit grants under the CDW Corporation Long-Term Incentive Plan. Instead of cash, the dividend value is credited as additional share units, increasing the executive’s equity-based compensation position over time.

Did Albert Joseph Miralles Jr. buy or sell CDW (CDW) shares on the market?

The filing does not report any open-market buy or sell. It shows an acquisition coded as a grant or award, representing dividend equivalent shares linked to existing restricted stock units, which is a routine compensation mechanism rather than a discretionary market trade.

Why was there an adjustment of 7.75 CDW (CDW) shares in this Form 4?

A footnote explains that 7.75 dividend equivalent shares awarded on March 10, 2026 were inadvertently omitted from a Form 4 filed March 12, 2026. This filing corrects that omission by adjusting the total direct holdings to properly include those additional shares.