CDW director granted 7.18 shares in dividend award

A CDW Corp director received a small dividend-equivalent share award tied to existing restricted stock units, modestly increasing her direct holdings.

Rhea-AI Filing Summary

CDW Corp (CDW) reported that director Lynda M. Clarizio acquired a small additional position in common stock on September 10, 2026. She received 7.18 shares as dividend equivalents on previously granted restricted stock units under the CDW Corporation 2021 Long-Term Incentive Plan, bringing her direct holdings to 15,747.96 shares.

Insider Trade Summary

Grant/Award: 7.18 shares

Grant/Award 1 txn

Insider CLARIZIO LYNDA M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.01 F1	7.18	$142.60	$1K

Holdings After Transaction: Common Stock, par value $0.01 — 15,747.96 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 acquired: 7.18 shares Reference price per share: $142.60 per share Direct holdings after transaction: 15,747.96 shares +1 more

4 metrics

Shares acquired 7.18 shares Dividend-equivalent grant on September 10, 2026 to director Lynda M. Clarizio

Reference price per share $142.60 per share Value used for the 7.18-share dividend-equivalent award

Direct holdings after transaction 15,747.96 shares CDW common stock held directly by Lynda M. Clarizio after the award

Number of transactions 1 transaction Single non-derivative grant/award acquisition reported on this Form 4

Key Terms

Dividend equivalents, restricted stock unit awards, Long-Term Incentive Plan, grant/award acquisition

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.

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.

grant/award acquisition financial

"transaction action is described as grant/award acquisition"

FAQ

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

What insider transaction did CDW (CDW) report for Lynda M. Clarizio?

CDW reported that director Lynda M. Clarizio acquired 7.18 shares of common stock on September 10, 2026 as a grant of dividend equivalents related to previously awarded restricted stock units under the CDW Corporation 2021 Long-Term Incentive Plan.

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

The transaction was a grant/award acquisition, not an open‑market purchase. Lynda M. Clarizio received dividend equivalents in the form of 7.18 shares pursuant to outstanding restricted stock unit awards under the CDW Corporation 2021 Long-Term Incentive Plan.

What is Lynda M. Clarizio’s direct CDW (CDW) shareholding after this Form 4?

After the September 10, 2026 transaction, director Lynda M. Clarizio directly holds 15,747.96 shares of CDW common stock. This reflects the addition of 7.18 shares received as dividend equivalents on her existing restricted stock unit awards.

At what reference price were the CDW (CDW) dividend-equivalent shares recorded?

The 7.18 dividend-equivalent shares for Lynda M. Clarizio were recorded at a reference value of $142.60 per share, as stated for the common stock transaction dated September 10, 2026.

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

No. The filing’s Rule 10b5‑1 checkbox is not affirmed, and there is no footnote stating that the September 10, 2026 dividend-equivalent award to Lynda M. Clarizio was made under a Rule 10b5‑1 trading plan.

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

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Available on EDGAR 09/14/2026 - 04:12 PM Accepted by SEC EDGAR 09/14/2026 - 04:11 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^*

CLARIZIO LYNDA M

(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)
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		7.18(1)	A	$142.6	15,747.96	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/ 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)