CDW (NASDAQ: CDW) executive awarded dividend-equivalent shares, holdings updated

Rhea-AI Filing Summary

CDW Corp executive Frederick J. Kulevich reported a small equity-based compensation award. On June 10, he acquired 65.3 shares of CDW common stock at a reference price of $129.30 per share, recorded as a grant or award rather than an open-market purchase.

The award represents dividend equivalents tied to previously granted restricted stock units under the CDW Corporation Long-Term Incentive Plan. After this adjustment and the correction of 4.69 prior dividend-equivalent shares, his direct holdings total 44,640.06 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider KULEVICH FREDERICK J.

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.01	65.3	$129.30	$8K

Holdings After Transaction: Common Stock, par value $0.01 — 44,640.06 shares (Direct, null)

Footnotes (1)

1. Dividend equivalents awarded pursuant to outstanding restricted stock unit awards previously granted under the CDW Corporation Long-Term Incentive Plan. This figure has been adjusted to reflect the addition of 4.69 shares, representing dividend equivalent awards on March 10, 2026, which were inadvertently omitted from the Form 4 filed on March 12, 2026.

Key Figures

Shares granted: 65.3 shares Reference price per share: $129.30 per share Shares after transaction: 44,640.06 shares +1 more

4 metrics

Shares granted 65.3 shares Dividend-equivalent award on June 10, 2026

Reference price per share $129.30 per share Value used for the June 10, 2026 grant

Shares after transaction 44,640.06 shares Direct CDW common stock holdings following grant and correction

Prior omission correction 4.69 shares Previously omitted dividend equivalents from March 10, 2026

Key Terms

dividend equivalents, restricted stock unit, Long-Term Incentive Plan, Grant, award, or other acquisition

4 terms

dividend equivalents financial

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

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

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

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.

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition"

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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^*

KULEVICH FREDERICK J.

(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		65.3(1)	A	$129.3	44,640.06(2)	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.

2. This figure has been adjusted to reflect the addition of 4.69 shares, representing dividend equivalent awards on March 10, 2026, which were inadvertently omitted from the Form 4 filed on March 12, 2026.

Remarks:

Chief Legal Officer, Executive Vice President, Risk and Compliance, and Corporate Secretary

	/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 Frederick J. Kulevich?

CDW reported that Frederick J. Kulevich acquired 65.3 shares of common stock as a grant or award. The shares represent dividend equivalents tied to existing restricted stock units under the company’s Long-Term Incentive Plan, not an open-market stock purchase.

Was the CDW (CDW) Form 4 transaction a stock purchase or compensation grant?

The Form 4 shows a compensation-related grant, not a market purchase. Code “A” indicates a grant or award acquisition, and the filing describes these 65.3 shares as dividend equivalents credited on outstanding restricted stock unit awards under the Long-Term Incentive Plan.

How many CDW (CDW) shares does Frederick J. Kulevich hold after this Form 4?

Following the reported grant, Frederick J. Kulevich directly holds 44,640.06 CDW common shares. This total reflects the June 10 dividend-equivalent award plus a 4.69-share correction for earlier dividend equivalents that were inadvertently omitted from a prior Form 4 filing.

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

The dividend equivalents are additional share credits awarded on existing restricted stock unit grants. When CDW pays dividends, holders of those RSUs receive equivalent share-based amounts; in this filing, 65.3 such shares were credited as part of Kulevich’s long-term incentive compensation.

What correction did CDW (CDW) disclose related to earlier Form 4 data?

CDW disclosed that Kulevich’s share total was adjusted to include 4.69 shares of dividend equivalents from March 10, 2026. These were inadvertently omitted from a Form 4 filed on March 12, 2026, and the current report corrects his direct holdings figure.