CDW Corp (CDW) director David W. Nelms receives 1,609 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NELMS DAVID W reported acquisition or exercise transactions in this Form 4 filing.
CDW Corp director David W. Nelms received an equity award of 1,609 restricted stock units on CDW common stock. The award was granted at no cash cost under the CDW Corporation Long-Term Incentive Plan. These restricted stock units vest on the first anniversary of the grant date and will be settled in CDW common shares after Mr. Nelms separates from service on the Board of Directors. Following this award, his directly held common stock position is reported as 32,615.94 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
NELMS DAVID W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 | 1,609 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.01 — 32,615.94 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did CDW (CDW) director David W. Nelms report?
David W. Nelms reported receiving 1,609 restricted stock units of CDW common stock as an equity award. The grant was made under the CDW Corporation Long-Term Incentive Plan and increased his directly held position to 32,615.94 shares after the award.
Was the CDW (CDW) stock award to David W. Nelms a purchase or a grant?
The transaction was a grant, not an open-market purchase. It is classified as a "Grant, award, or other acquisition" of 1,609 restricted stock units under CDW’s Long-Term Incentive Plan, with no cash price per share reported for this award.
When do David W. Nelms’s CDW (CDW) restricted stock units vest and settle?
The 1,609 restricted stock units vest on the first anniversary of the grant date. Settlement into shares of CDW Corporation common stock is deferred until Mr. Nelms separates from service on the Board of Directors, extending the award’s effective holding period.
What plan governs the restricted stock unit grant reported by CDW (CDW)?
The restricted stock unit grant to David W. Nelms was made under the CDW Corporation Long-Term Incentive Plan. This plan provides for equity-based awards, including restricted stock units that can vest over time and settle into CDW common stock.
Does David W. Nelms hold the CDW (CDW) award directly or through another entity?
The filing reports the ownership as direct, with no separate entity listed in the nature of ownership. The restricted stock units and the resulting common shares are attributed directly to David W. Nelms as the reporting person and director.