CDW Corp (CDW) director gets 208-share stock grant in lieu of cash

Rhea-AI Filing Summary

Swedish Joseph reported acquisition or exercise transactions in this Form 4 filing.

CDW Corp director Joseph Swedish reported an equity compensation grant rather than a market trade. On July 1, 2026, he received 208 fully vested restricted stock units under the CDW Corporation Long-Term Incentive Plan, in lieu of cash for his annual director retainer, granted quarterly in arrears.

The units carry no purchase price and represent deferred settlement into shares of CDW common stock pursuant to the applicable award agreement. Following this grant, Swedish directly holds 20,202.4 shares of CDW common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Swedish Joseph

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.01	208	$0.00	--

Holdings After Transaction: Common Stock, par value $0.01 — 20,202.4 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant size: 208 units Grant price: $0.00 per unit Post-transaction holdings: 20,202.4 shares +1 more

4 metrics

RSU grant size 208 units Fully vested restricted stock units granted July 1, 2026

Grant price $0.00 per unit Equity award issued in lieu of cash retainer

Post-transaction holdings 20,202.4 shares Direct CDW common stock held after grant

Transaction date July 1, 2026 Date of RSU grant to director

Key Terms

restricted stock units, Long-Term Incentive Plan, annual director retainer, Settlement into shares

4 terms

restricted stock units financial

"This is a grant of fully vested restricted stock units under the CDW Corporation Long-Term Incentive Plan."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Long-Term Incentive Plan financial

"This is a grant of fully vested restricted stock units 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.

annual director retainer financial

"This grant is in lieu of cash for the annual director retainer, which will be granted quarterly in arrears."

Settlement into shares financial

"Settlement into shares of CDW Corporation common stock has been deferred pursuant to each applicable award agreement."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/06/2026 - 04:10 PM Accepted by SEC EDGAR 07/06/2026 - 04:09 PM 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)
07/01/2026

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	07/01/2026		A		208(1)	A	$0	20,202.4	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. This is a grant of fully vested restricted stock units under the CDW Corporation Long-Term Incentive Plan. This grant is in lieu of cash for the annual director retainer, which will be granted quarterly in arrears. Settlement into shares of CDW Corporation common stock has been deferred pursuant to each applicable award agreement.

Remarks:

	/s/ Stephanie Tso, Attorney-in-Fact	07/06/2026
	** 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) disclose for director Joseph Swedish?

CDW disclosed that director Joseph Swedish received 208 fully vested restricted stock units on July 1, 2026. The award is a stock-based compensation grant, not an open-market purchase or sale, and was issued under the company’s Long-Term Incentive Plan.

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

After the reported grant, Joseph Swedish directly holds 20,202.4 shares of CDW common stock. This reflects his position following receipt of 208 fully vested restricted stock units that will be settled in CDW shares at a later date under award terms.

Was cash paid for the 208 restricted stock units reported by CDW director Joseph Swedish?

No cash was paid for the 208 restricted stock units; the reported price per unit is $0.00. The filing states the grant is in lieu of cash for the annual director retainer, making it a stock-based compensation award instead of a cash payment.

What plan governs Joseph Swedish’s restricted stock unit grant at CDW (CDW)?

The grant was made under the CDW Corporation Long-Term Incentive Plan. According to the filing’s footnote, it represents fully vested restricted stock units awarded quarterly as compensation for the annual director retainer, with settlement into common shares deferred under each award agreement.

When will Joseph Swedish’s 208 CDW restricted stock units be settled into shares?

Settlement of the 208 restricted stock units into CDW common stock has been deferred. The filing notes settlement will occur pursuant to each applicable award agreement, meaning the actual conversion to shares will happen according to the plan’s specified deferral terms.