CDW (NASDAQ: CDW) executive granted dividend-equivalent stock tied to RSUs

Rhea-AI Filing Summary

CDW Corp reported that executive Katherine Elizabeth Sanderson acquired 65.260 shares of common stock as a compensation-related grant. These shares were credited as dividend equivalents tied to previously awarded restricted stock units under the CDW Corporation Long-Term Incentive Plan. After this award, she directly holds 24,499.480 shares of CDW common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sanderson Katherine Elizabeth

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.01	65.26	$129.30	$8K

Holdings After Transaction: Common Stock, par value $0.01 — 24,499.48 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 65.260 shares Reporting price: $129.3000 per share Total holdings after grant: 24,499.480 shares

3 metrics

Shares granted 65.260 shares Dividend equivalents grant on common stock

Reporting price $129.3000 per share Reported value for granted shares

Total holdings after grant 24,499.480 shares Direct ownership after transaction

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

"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 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.

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

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

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^*

Sanderson Katherine Elizabeth

(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)
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		65.26(1)	A	$129.3	24,499.48	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 Human Resources Officer and Executive Vice President, Coworker Success

	/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)

FAQ

What insider transaction did CDW (CDW) report for Katherine Elizabeth Sanderson?

CDW reported that executive Katherine Elizabeth Sanderson received 65.260 shares of common stock as a compensation-related grant. The shares were credited as dividend equivalents linked to existing restricted stock unit awards under the company’s Long-Term Incentive Plan.

Was the CDW (CDW) insider transaction a market purchase or a grant?

The transaction was a grant, not a market purchase. Sanderson acquired 65.260 shares coded as an award (transaction code A), representing dividend equivalents on previously granted restricted stock units under CDW’s Long-Term Incentive Plan.

What price per share is reported for Katherine Sanderson’s CDW (CDW) share grant?

The Form 4 shows a reported price of $129.3000 per share for the 65.260 common shares. This figure is used for reporting purposes and is tied to the compensation-related dividend equivalent award rather than an open-market trade.

How many CDW (CDW) shares does Katherine Elizabeth Sanderson hold after this transaction?

Following the dividend equivalent grant of 65.260 shares, Sanderson directly holds 24,499.480 shares of CDW common stock. This total reflects her updated direct ownership position as reported in the Form 4 filing.

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

Dividend equivalents are additional share-based credits granted alongside restricted stock units to mirror dividends paid on common stock. At CDW, these equivalents were awarded pursuant to outstanding RSU awards under the CDW Corporation Long-Term Incentive Plan.

Is the CDW (CDW) insider transaction related to the Long-Term Incentive Plan?

Yes. The Form 4 states the 65.260 shares were dividend equivalents awarded under the CDW Corporation Long-Term Incentive Plan. They arise from previously granted restricted stock unit awards rather than a new standalone equity program.