CDW (NASDAQ: CDW) director David Nelms receives 160.9 dividend-equivalent shares

Rhea-AI Filing Summary

CDW Corp director David W. Nelms reported an acquisition of 160.9 shares of common stock, valued at $129.30 per share, as of a transaction dated June 10, 2026. These shares were credited as dividend equivalents tied to previously granted restricted stock units under the CDW Corporation Long-Term Incentive Plan.

Following this award, Nelms’ directly held common stock position is reported at 51,186.02 shares, indicating this is a routine, compensation-related adjustment rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider NELMS DAVID W

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.01	160.9	$129.30	$21K

Holdings After Transaction: Common Stock, par value $0.01 — 51,186.02 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares acquired: 160.9 shares Transaction price per share: $129.30 per share Shares held after transaction: 51,186.02 shares

3 metrics

Shares acquired 160.9 shares Dividend equivalents credited on June 10, 2026

Transaction price per share $129.30 per share Value assigned to dividend-equivalent shares

Shares held after transaction 51,186.02 shares Direct CDW common stock holdings for David W. Nelms

Key Terms

dividend equivalents, restricted stock unit awards, Long-Term Incentive Plan, grant, award, or other 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 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^*

NELMS DAVID W

(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)
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		160.9(1)	A	$129.3	51,186.02	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:

	/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) director David Nelms report?

David W. Nelms reported an acquisition of 160.9 CDW common shares as dividend equivalents. These were credited in connection with outstanding restricted stock unit awards under the CDW Corporation Long-Term Incentive Plan, rather than through an open-market purchase or sale.

At what price were the new CDW (CDW) shares for David Nelms recorded?

The 160.9 newly credited CDW shares for David W. Nelms were recorded at $129.30 per share. This figure reflects the transaction price used for the dividend-equivalent award associated with his existing restricted stock unit grants.

How many CDW (CDW) shares does David Nelms hold after this Form 4 transaction?

After the June 10, 2026 transaction, David W. Nelms is reported to directly hold 51,186.02 shares of CDW common stock. This total includes the additional 160.9 shares credited as dividend equivalents tied to his prior restricted stock unit awards.

Was the CDW (CDW) Form 4 transaction an open-market buy or sell?

The Form 4 transaction for David W. Nelms was a grant or award acquisition, not an open-market buy or sell. The shares represent dividend equivalents awarded under CDW’s Long-Term Incentive Plan, linked to restricted stock units, rather than discretionary trading.

What is the source of the dividend equivalents reported for CDW (CDW) director David Nelms?

The dividend equivalents credited to David W. Nelms arise from outstanding restricted stock unit awards previously granted under the CDW Corporation Long-Term Incentive Plan. They reflect dividends paid on CDW stock, delivered in share form tied to his existing equity awards.