CDW executive exercises options and sells shares

CDW Corp executive Elizabeth H. Connelly, Chief Commercial Officer and Executive Vice President, exercised employee stock options and sold the resulting common shares on August 7, 2026.

Rhea-AI Filing Summary

CDW Corp executive Elizabeth H. Connelly, Chief Commercial Officer and Executive Vice President, exercised employee stock options and sold the resulting common shares on August 7, 2026. She exercised options for 26,695 shares of common stock at strike prices of $95.57 and $98.21 per share, then sold 26,695 shares of common stock at a weighted average price of $137.62 per share, with individual sale prices ranging from $137.345 to $137.978 according to the filing footnote.

Insider Trade Summary

Exercise and Sale: 26,695 shares ($1.08M approx. pre-tax spread)

Exercise and Sale 5 txns

Insider CONNELLY ELIZABETH H.

Role See Remarks

Sold 26,695 shs ($3.67M)

Approx. gross sale proceeds $3.67M

Approx. exercise cost $2.59M

Approx. pre-tax spread $1.08M

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to Buy) F2	11,795	$0.00	$0.00
Exercise	Employee Stock Option (Right to Buy) F3	14,900	$0.00	$0.00
Exercise	Common Stock, par value $0.01	11,795	$95.57	$1.13M
Exercise	Common Stock, par value $0.01	14,900	$98.21	$1.46M
Sale	Common Stock, par value $0.01 F1	26,695	$137.62	$3.67M

Holdings After Transaction: Employee Stock Option (Right to Buy) — 0 contracts (Direct); Common Stock, par value $0.01 — 34,215.46 shares (Direct)

Footnotes (3)

1. F1. The price reported is the average weighted price. The shares were sold in multiple transactions at prices ranging from $137.345 to $137.978, inclusive. The reporting person undertakes to provide to the SEC, the Issuer and any security holder, the full information regarding the number of shares and the prices at which the shares were sold.
2. F2. 11,795 options were granted of which one third of the shares vested on each of February 25, 2020, 2021, and 2022. The grant was made under the CDW Corporation Long-Term Incentive Plan.
3. F3. 14,900 options were granted of which one third of the shares vested on each of March 9, 2021, 2022, and 2023. The grant was made under the CDW Corporation Long-Term Incentive Plan.

Key Figures

Shares sold: 26,695 shares Weighted average sale price: $137.62 per share Options exercised at $95.57: 11,795 shares +2 more

5 metrics

Shares sold 26,695 shares Common stock sold on August 7, 2026

Weighted average sale price $137.62 per share Common stock sale on August 7, 2026; prices ranged $137.345–$137.978

Options exercised at $95.57 11,795 shares Employee stock options exercised with $95.57 strike, expiring February 25, 2029

Options exercised at $98.21 14,900 shares Employee stock options exercised with $98.21 strike, expiring March 9, 2030

Total options exercised 26,695 shares Total underlying common shares from option exercises on August 7, 2026

Key Terms

Employee Stock Option (Right to Buy), weighted average price, CDW Corporation Long-Term Incentive Plan

3 terms

Employee Stock Option (Right to Buy) financial

"security_title: Employee Stock Option (Right to Buy)"

weighted average price financial

"The price reported is the average weighted price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

CDW Corporation Long-Term Incentive Plan financial

"The grant was made under the CDW Corporation Long-Term Incentive Plan."

FAQ

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

What did CDW (CDW) executive Elizabeth H. Connelly report in this Form 4?

Elizabeth H. Connelly reported exercising employee stock options for CDW common shares and selling 26,695 shares of CDW Corp common stock on August 7, 2026.

How many CDW (CDW) shares did Elizabeth H. Connelly sell and at what price?

She sold 26,695 shares of CDW common stock at a weighted average price of $137.62 per share, with individual sale prices ranging from $137.345 to $137.978.

What CDW (CDW) stock options did Elizabeth H. Connelly exercise?

She exercised employee stock options covering 26,695 shares of CDW common stock, with strike prices of $95.57 and $98.21 per share, originally granted under the CDW Corporation Long-Term Incentive Plan.

Were the CDW (CDW) insider transactions under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not checked, and the footnotes do not state that the transactions were made under a Rule 10b5-1 trading plan or other pre-arranged trading arrangement.

What role does Elizabeth H. Connelly hold at CDW (CDW)?

Elizabeth H. Connelly is identified as CDW Corp’s Chief Commercial Officer and Executive Vice President, and she reported these option exercises and share sales in that capacity as an officer.

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

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Accepted by SEC EDGAR 08/11/2026 - 04:26 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^*

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)
08/07/2026

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	08/07/2026		M		11,795	A	$95.57	46,010.46	D
Common Stock, par value $0.01	08/07/2026		M		14,900	A	$98.21	60,910.46	D
Common Stock, par value $0.01	08/07/2026		S		26,695(1)	D	$137.62	34,215.46	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
Employee Stock Option (Right to Buy)	$95.57	08/07/2026		M			11,795	(2)	02/25/2029	Common Stock, par value $0.01	11,795	$0	0	D
Employee Stock Option (Right to Buy)	$98.21	08/07/2026		M			14,900	(3)	03/09/2030	Common Stock, par value $0.01	14,900	$0	0	D

Explanation of Responses:

1. The price reported is the average weighted price. The shares were sold in multiple transactions at prices ranging from $137.345 to $137.978, inclusive. The reporting person undertakes to provide to the SEC, the Issuer and any security holder, the full information regarding the number of shares and the prices at which the shares were sold.

2. 11,795 options were granted of which one third of the shares vested on each of February 25, 2020, 2021, and 2022. The grant was made under the CDW Corporation Long-Term Incentive Plan.

3. 14,900 options were granted of which one third of the shares vested on each of March 9, 2021, 2022, and 2023. The grant was made under the CDW Corporation Long-Term Incentive Plan.

Remarks:

Chief Commercial Officer and Executive Vice President

	/s/ Stephanie Tso, Attorney-in-Fact	08/11/2026
	** 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)