CDW awards 237.88 shares to CCO Connelly

Chief Commercial Officer Elizabeth H. Connelly received a small stock award from dividend equivalents, increasing her direct CDW holdings to 34,453.34 shares.

Rhea-AI Filing Summary

CDW Corp (symbol: CDW) is the issuer of record for a Form 4 filing submitted to the SEC. CONNELLY ELIZABETH H. reported acquisition or exercise transactions in this Form 4 filing.

CDW Corp (CDW) reported an equity compensation transaction for Chief Commercial Officer and Executive Vice President Elizabeth H. Connelly. On September 10, 2026, she received 237.88 shares of CDW common stock as a grant/award of dividend equivalents tied to outstanding restricted stock units under the CDW Corporation 2021 Long-Term Incentive Plan at a reported value of $142.60 per share. Following this award, she directly holds 34,453.34 shares of CDW common stock. No Rule 10b5-1 trading plan is reported for this transaction.

Insider Trade Summary

Grant/Award: 237.88 shares

Grant/Award 1 txn

Insider CONNELLY ELIZABETH H.

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.01 F1	237.88	$142.60	$34K

Holdings After Transaction: Common Stock, par value $0.01 — 34,453.34 shares (Direct)

Footnotes (1)

1. F1. Dividend equivalents awarded pursuant to outstanding restricted stock unit awards previously granted under the CDW Corporation 2021 Long-Term Incentive Plan.

Key Figures

Shares awarded: 237.88 shares Reported value per share: $142.60 per share Total shares held after transaction: 34,453.34 shares

3 metrics

Shares awarded 237.88 shares Dividend equivalent grant on September 10, 2026

Reported value per share $142.60 per share Value used for the September 10, 2026 dividend equivalent award

Total shares held after transaction 34,453.34 shares Direct CDW common stock holdings by Elizabeth H. Connelly after the award

Key Terms

Dividend equivalents, restricted stock unit, Long-Term Incentive Plan

3 terms

Dividend equivalents financial

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

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 financial

"pursuant to outstanding restricted stock unit awards previously granted"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Long-Term Incentive Plan financial

"previously granted under the CDW Corporation 2021 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.

FAQ

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

What insider transaction did CDW (CDW) report for Elizabeth H. Connelly?

CDW reported that Elizabeth H. Connelly received a grant of 237.88 shares of common stock on September 10, 2026, as dividend equivalents related to outstanding restricted stock unit awards under the CDW Corporation 2021 Long-Term Incentive Plan.

How many CDW (CDW) shares does Elizabeth H. Connelly hold after this transaction?

After the September 10, 2026 award, Elizabeth H. Connelly directly holds 34,453.34 shares of CDW common stock, according to the reported holdings following the transaction.

What was the reported per-share value for the CDW (CDW) stock award?

The dividend equivalent award to Elizabeth H. Connelly was reported at a value of $142.60 per share for the 237.88 shares of CDW common stock granted on September 10, 2026.

Was the CDW (CDW) insider transaction made under a Rule 10b5-1 trading plan?

No. The filing indicates the Rule 10b5-1 checkbox was not marked, so no Rule 10b5-1 trading plan is reported for this stock award to Elizabeth H. Connelly.

What is the nature of the CDW (CDW) shares awarded to Elizabeth H. Connelly?

The 237.88 CDW shares are dividend equivalents awarded in connection with outstanding restricted stock unit awards previously granted under the CDW Corporation 2021 Long-Term Incentive Plan.

Is Elizabeth H. Connelly an officer of CDW (CDW)?

Yes. Elizabeth H. Connelly is identified as an officer of CDW, serving as Chief Commercial Officer and Executive Vice President, in connection with this equity award.

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

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Available on EDGAR 09/14/2026 - 04:11 PM Accepted by SEC EDGAR 09/14/2026 - 04:10 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^*

CONNELLY ELIZABETH H.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2026

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	09/10/2026		A		237.88(1)	A	$142.6	34,453.34	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:

Chief Commercial Officer and Executive Vice President

	/s/ Stephanie Tso, Attorney-in-Fact	09/14/2026
	** 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)