CDW director granted 30.95 dividend equivalent shares

CDW Corp director Joseph Swedish reported an acquisition of 30.95 shares of common stock on June 10, 2026, valued at $129.30 per share.

Rhea-AI Filing Summary

CDW Corp director Joseph Swedish reported an acquisition of 30.95 shares of common stock on June 10, 2026, valued at $129.30 per share. These shares were credited as dividend equivalents tied to previously granted restricted stock units under the company’s long‑term incentive plan, bringing his direct holdings to 19,994.4 shares.

Insider Trade Summary

Grant/Award: 30.95 shares

Grant/Award 1 txn

Insider Swedish Joseph

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.01	30.95	$129.30	$4K

Holdings After Transaction: Common Stock, par value $0.01 — 19,994.4 shares (Direct)

Footnotes (1)

1. F1. Dividend equivalents awarded pursuant to outstanding restricted stock unit awards previously granted under the CDW Corporation Long-Term Incentive Plan.

Key Figures

Shares granted: 30.95 shares Reference price per share: $129.30 per share Shares held after transaction: 19,994.4 shares

3 metrics

Shares granted 30.95 shares Dividend equivalents on RSU awards, June 10, 2026

Reference price per share $129.30 per share Grant/award acquisition of common stock

Shares held after transaction 19,994.4 shares Director’s direct CDW common stock holdings after grant

Key Terms

dividend equivalents, restricted stock unit awards, Long-Term Incentive Plan, grant, award, or other acquisition

4 terms

dividend equivalents financial

"Dividend equivalents awarded pursuant to outstanding restricted stock unit awards previously granted"

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

"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.

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.

grant, award, or other acquisition financial

"transaction code description: Grant, award, or other acquisition"

FAQ

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

What insider transaction did CDW (CDW) director Joseph Swedish report?

Director Joseph Swedish reported receiving 30.95 shares of CDW common stock. The shares were credited as dividend equivalents related to existing restricted stock unit awards under CDW’s Long-Term Incentive Plan, rather than an open-market purchase or sale.

Was Joseph Swedish’s CDW (CDW) transaction an open-market buy or sell?

The transaction was not an open-market trade. It reflects a grant-type acquisition, where 30.95 shares were credited as dividend equivalents on previously granted restricted stock units, consistent with compensation arrangements under CDW’s Long-Term Incentive Plan.

How many CDW (CDW) shares does Joseph Swedish hold after this Form 4?

After this transaction, Joseph Swedish directly holds 19,994.4 shares of CDW common stock. This total includes the 30.95 shares received as dividend equivalents on outstanding restricted stock unit awards described in the filing’s footnote.

What is the reference price for Joseph Swedish’s CDW (CDW) share grant?

The filing shows a reference price of $129.30 per share for the 30.95 CDW shares. This price is reported for the grant-type acquisition of dividend equivalent shares tied to prior restricted stock unit awards under CDW’s Long-Term Incentive Plan.

What does “dividend equivalents” mean in the CDW (CDW) Form 4 footnote?

Dividend equivalents are additional share credits linked to outstanding restricted stock unit awards. In this case, 30.95 CDW shares were awarded as dividend equivalents under the CDW Corporation Long-Term Incentive Plan, increasing Joseph Swedish’s direct common stock holdings.

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

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Accepted by SEC EDGAR 06/12/2026 - 04:04 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^*

Swedish Joseph

(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		30.95(1)	A	$129.3	19,994.4	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.

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)