CDW officer granted 164.69 shares as dividend equivalents

CDW Corp officer Hang Tan reported an acquisition of common stock through a compensation-related award.

Rhea-AI Filing Summary

CDW Corp officer Hang Tan reported an acquisition of common stock through a compensation-related award. On June 10, 2026, Tan received 164.69 shares of CDW common stock at a reference price of $129.30 per share, classified as a grant or award.

According to the footnote, these shares are dividend equivalents tied to previously granted restricted stock unit awards under the CDW Corporation Long-Term Incentive Plan. After this transaction, Tan directly holds a total of 33,966.69 shares of CDW common stock.

Insider Trade Summary

Grant/Award: 164.69 shares

Grant/Award 1 txn

Insider TAN HANG

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.01	164.69	$129.30	$21K

Holdings After Transaction: Common Stock, par value $0.01 — 33,966.69 shares (Direct)

Footnotes (1)

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

Key Figures

Shares granted: 164.69 shares Reference price: $129.30 per share Total holdings after: 33,966.69 shares

3 metrics

Shares granted 164.69 shares Dividend-equivalent award on June 10, 2026

Reference price $129.30 per share Price reported for the 164.69-share award

Total holdings after 33,966.69 shares Direct CDW common stock held by Hang Tan after award

Key Terms

Dividend equivalents, restricted stock unit awards, CDW Corporation Long-Term Incentive Plan, Common Stock, par value $0.01

4 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 awards financial

"pursuant to outstanding restricted stock unit awards previously granted"

Restricted stock unit awards are company promises to deliver a specific number of shares to employees or service providers in the future once conditions—such as staying with the company for a set time or meeting performance targets—are met. They matter to investors because when the promises convert into actual shares they increase the total share count and can reduce earnings per share, while also aligning recipients’ interests with stock performance much like deferred pay that turns into ownership if goals are met.

CDW Corporation Long-Term Incentive Plan financial

"previously granted under the CDW Corporation Long-Term Incentive Plan"

Common Stock, par value $0.01 financial

"security_title": "Common Stock, par value $0.01""

FAQ

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

What insider transaction did CDW (CDW) officer Hang Tan report?

Hang Tan reported acquiring 164.69 shares of CDW common stock on June 10, 2026. The transaction is coded as a grant or award, reflecting compensation rather than an open-market purchase or sale, and increased Tan’s direct holdings to 33,966.69 shares.

Was the CDW (CDW) Form 4 transaction an open-market trade?

No, the Form 4 transaction was not an open-market trade. It is coded as a grant, award, or other acquisition, and the footnote explains these are dividend equivalents linked to outstanding restricted stock unit awards under the CDW Corporation Long-Term Incentive Plan.

How many CDW (CDW) shares does Hang Tan hold after this Form 4?

After the reported transaction, Hang Tan directly holds 33,966.69 shares of CDW common stock. This total includes the 164.69 shares acquired as dividend equivalents associated with previously granted restricted stock unit awards under the company’s Long-Term Incentive Plan.

What are the dividend equivalents mentioned in the CDW (CDW) Form 4 footnote?

The footnote describes the shares as dividend equivalents awarded in connection with outstanding restricted stock unit awards. These dividend equivalents arise under the CDW Corporation Long-Term Incentive Plan, effectively granting additional common stock to mirror dividends on the underlying RSU awards.

What was the reference price per share in the CDW (CDW) Form 4 award?

The reported reference price for the 164.69 shares was $129.30 per share. This price is part of the Form 4 disclosure for the compensation-related grant and does not indicate an open-market purchase or sale by the reporting officer.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 06/12/2026 - 04:05 PM EDT 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^*

TAN HANG

(Last) (First) (Middle)

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)
06/10/2026

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	06/10/2026		A		164.69(1)	A	$129.3	33,966.69	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 Long-Term Incentive Plan.

Remarks:

Chief Strategy & Transformation Officer and EVP

	/s/ Stephanie Tso, Attorney-in-Fact	06/12/2026
	** 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.
* Form 4: SEC 1474 (03-26)