CDW (CDW) director receives 1,609 restricted stock units in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grier Kelly J reported acquisition or exercise transactions in this Form 4 filing.
CDW Corp director Kelly J. Grier received an equity award of 1,609 shares of common stock in the form of restricted stock units under the CDW Corporation Long-Term Incentive Plan. The units were granted at no cash cost and will vest on the first anniversary of the grant date.
After this award, Grier directly holds 4,039.5 shares of CDW common stock. Restricted stock units represent a promise to deliver shares in the future once vesting conditions are met, aligning the director’s compensation with long-term company performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Grier Kelly J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 | 1,609 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.01 — 4,039.5 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did CDW (CDW) report for Kelly J. Grier?
CDW reported that director Kelly J. Grier received a grant of 1,609 restricted stock units of common stock. This equity award was made under the CDW Corporation Long-Term Incentive Plan and increases Grier’s direct holdings to 4,039.5 shares after the transaction.
Was cash paid for the 1,609 restricted stock units granted at CDW?
No cash was paid for this award; the restricted stock units were granted at a price of $0.0000 per share. This reflects a compensatory equity grant to the director rather than an open-market purchase of CDW common stock.
When do Kelly J. Grier’s CDW restricted stock units vest?
The restricted stock units granted to Kelly J. Grier vest on the first anniversary of the grant date. Vesting means the units convert into shares of CDW common stock that the director can actually own, subject to the plan’s standard conditions.
What plan governed the restricted stock unit grant reported by CDW (CDW)?
The grant was made under the CDW Corporation Long-Term Incentive Plan. This plan provides equity-based compensation, such as restricted stock units, to align directors’ and employees’ interests with CDW’s long-term performance and shareholder value creation goals.