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[Form 4] CDW Corp Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CDW Corp officer Peter R. Locy reported two stock transactions. He acquired 328.98 shares of common stock at no cost upon vesting of previously granted performance shares. On the same date, 163.18 shares were disposed to the issuer at $126.86 per share to cover taxes, leaving him with 3,393.52 directly owned shares.

Positive

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Negative

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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*
LOCY PETER R

(Last) (First) (Middle)
C/O CDW CORPORATION
200 N MILWAUKEE

(Street)
VERNON HILLS IL 60061

(City) (State) (Zip)
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
3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 02/13/2026 A 328.98(1) A $0 3,556.69 D
Common Stock, par value $0.01 02/13/2026 D 163.18(2) D $126.86 3,393.52 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. Represents shares acquired upon the vesting of performance shares previously granted to the reporting person.
2. Represents shares withheld to cover taxes incurred in connection with the vesting of performance shares.
Remarks:
SVP Controller & Chief Accounting Officer
/s/ Debra Wasserman, Attorney-in-Fact 02/18/2026
** 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.

FAQ

What insider transactions did CDW (CDW) report for Peter R. Locy?

Peter R. Locy reported acquiring 328.98 CDW common shares through vesting of performance shares and disposing of 163.18 shares to the issuer for tax withholding, resulting in direct ownership of 3,393.52 shares after these transactions.

How did Peter R. Locy acquire new CDW (CDW) shares in this Form 4?

He acquired 328.98 CDW common shares at no cost when previously granted performance shares vested. The filing specifies these shares were received upon vesting, meaning they represent equity compensation rather than an open-market stock purchase.

Why were some CDW (CDW) shares disposed of in Peter R. Locy’s filing?

The filing shows 163.18 CDW shares were disposed of to the issuer at $126.86 per share. A footnote explains these shares were withheld to cover taxes related to the vesting of performance shares, not sold in the open market.

How many CDW (CDW) shares does Peter R. Locy own after these transactions?

After the reported grant and tax-withholding disposition, Peter R. Locy directly owns 3,393.52 CDW common shares. This figure reflects the net position following both the vesting-related share acquisition and the shares withheld for taxes.

Were Peter R. Locy’s CDW (CDW) transactions classified as open-market buys or sells?

No, the transactions were not open-market trades. The acquisition reflects a grant or award from vesting performance shares, and the disposition represents shares returned to the issuer to satisfy tax obligations, as noted in the transaction codes and footnotes.
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VERNON HILLS