Dividend equivalents boost CDW Corp (CDW) director Nelms’ share holdings

Rhea-AI Filing Summary

CDW Corp director David W. Nelms received an award of 163.6800 shares of common stock on March 10, 2026. The shares represent dividend equivalents tied to previously granted restricted stock units under the CDW Corporation 2021 Long-Term Incentive Plan. Following this compensation-related acquisition, he directly owns 32779.6200 common shares.

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

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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^*

NELMS DAVID W

(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
	Officer (give title below)		Other (specify below)

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		163.68(1)	A	$0	32,779.62	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 2021 Long-Term Incentive Plan.

Remarks:

	/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).
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FAQ

What insider transaction did CDW (CDW) director David W. Nelms report?

David W. Nelms reported acquiring 163.6800 CDW common shares. These shares were awarded as dividend equivalents linked to previously granted restricted stock units, reflecting compensation rather than an open-market purchase, and increased his direct holdings to 32779.6200 shares.

Was the CDW (CDW) Nelms transaction an open-market buy or a grant?

The Nelms transaction was a grant, not an open-market buy. He received 163.6800 shares at a price of $0.0000 per share as dividend equivalents under the CDW Corporation 2021 Long-Term Incentive Plan, tied to outstanding restricted stock unit awards.

How many CDW (CDW) shares does David W. Nelms hold after this Form 4?

After the reported award, Nelms directly holds 32779.6200 CDW common shares. The Form 4 shows this increase came from a 163.6800-share grant of dividend equivalents related to previously issued restricted stock units, rather than from market purchases or option exercises.

What are dividend equivalents in the context of CDW (CDW) restricted stock units?

Dividend equivalents are additional share awards that mirror dividends paid on underlying stock. For CDW, Nelms received 163.6800 common shares as dividend equivalents on outstanding restricted stock units granted under the 2021 Long-Term Incentive Plan, incrementally increasing his equity position.

Does the CDW (CDW) Nelms Form 4 involve any derivative securities?

This Form 4 does not report any derivative security transactions. It shows a non-derivative acquisition of 163.6800 CDW common shares as dividend equivalents on existing restricted stock units, with no option exercises, conversions, or other derivative movements disclosed in the filing.