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CDW (CDW) leader Leahy logs RSU dividend grant and tax withholding shares

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CDW Corp director and officer Christine A. Leahy reported routine equity compensation activity. On March 10, 2026, she acquired 363.77 shares of common stock at $0.00 per share as a grant of dividend equivalents tied to outstanding restricted stock units under CDW’s long-term incentive plan. On March 12, 2026, 4,872.52 shares were withheld at $118.91 per share to cover taxes triggered by the settlement of a restricted stock unit award, a tax-withholding disposition rather than an open-market sale. After these transactions, she directly holds 188,505.57 CDW common shares and indirectly holds 17,250 shares through the Christine A. Leahy Gift Trust.

Positive

  • None.

Negative

  • None.

Insights

Filing shows routine equity awards and tax withholding, not open-market trading.

The transactions for Christine A. Leahy involve a small grant of 363.77 CDW common shares as dividend equivalents on existing restricted stock units and 4,872.52 shares withheld to cover tax liabilities on a previously granted award. Both are standard features of long-term incentive plans.

No open-market purchases or sales occurred, and the Form 4 shows Leahy continuing to hold 188,505.57 shares directly plus 17,250 shares indirectly through a family gift trust. The scale of the tax withholding is modest relative to her total holdings, reinforcing that this is routine compensation and tax administration rather than a discretionary change in exposure.

Insider LEAHY CHRISTINE A
Role See Remarks
Type Security Shares Price Value
Tax Withholding Common Stock, par value $0.01 4,872.52 $118.91 $579K
Grant/Award Common Stock, par value $0.01 363.77 $0.00 --
holding Common Stock, par value $0.01 -- -- --
Holdings After Transaction: Common Stock, par value $0.01 — 188,505.57 shares (Direct); Common Stock, par value $0.01 — 17,250 shares (Indirect, By the Christine A. Leahy Gift Trust)
Footnotes (1)
  1. Dividend equivalents awarded pursuant to outstanding restricted stock unit awards previously granted under the CDW Corporation 2021 Long-Term Incentive Plan. Represents shares withheld to cover taxes incurred in connection with the settlement of the restricted stock unit award previously granted under the CDW Corporation Long-Term Incentive Plan. These shares are indirectly held through a family trust.
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*
LEAHY CHRISTINE A

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

(Street)
VERNON HILLS IL 60061

(City) (State) (Zip)
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
X Officer (give title below) Other (specify below)
See Remarks
3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 03/10/2026 A 363.77(1) A $0 193,378.09 D
Common Stock, par value $0.01 03/12/2026 F 4,872.52(2) D $118.91 188,505.57 D
Common Stock, par value $0.01 17,250(3) I By 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)
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 2021 Long-Term Incentive Plan.
2. Represents shares withheld to cover taxes incurred in connection with the settlement of the restricted stock unit award previously granted under the CDW Corporation Long-Term Incentive Plan.
3. These shares are indirectly held through a family trust.
Remarks:
Chair, President, and Chief Executive Officer
/s/ Debra Wasserman, Attorney-in-Fact 03/12/2026
** 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.

FAQ

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

Christine A. Leahy reported a small stock grant and a tax-related share withholding. She received 363.77 CDW common shares as dividend equivalents and had 4,872.52 shares withheld to cover taxes on a restricted stock unit settlement.

Did Christine A. Leahy buy or sell CDW (CDW) shares on the open market?

She did not trade CDW shares on the open market. The Form 4 shows a grant of 363.77 shares as compensation and a 4,872.52-share tax-withholding disposition tied to restricted stock unit settlement, not discretionary buying or selling.

How many CDW (CDW) shares does Christine A. Leahy hold after these transactions?

After these transactions, Christine A. Leahy directly holds 188,505.57 CDW common shares. She also indirectly holds 17,250 additional shares through the Christine A. Leahy Gift Trust, reflecting both direct and family-trust ownership reported in the filing.

What is the nature of the 363.77-share award to Christine A. Leahy at CDW (CDW)?

The 363.77-share award represents dividend equivalents credited on outstanding restricted stock unit awards. These were granted under the CDW Corporation 2021 Long-Term Incentive Plan and converted into CDW common shares at no cash cost to Leahy.

Why were 4,872.52 CDW (CDW) shares withheld from Christine A. Leahy?

The 4,872.52 CDW shares were withheld to cover taxes on a settling restricted stock unit award. Instead of paying cash for the tax liability, shares were retained at a price of $118.91 per share as part of standard tax-withholding mechanics.

How are Christine A. Leahy’s indirect CDW (CDW) holdings structured?

Leahy’s indirect CDW holdings are reported as 17,250 common shares held through the Christine A. Leahy Gift Trust. A footnote clarifies that these shares are indirectly owned through a family trust rather than as direct personal holdings.
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