CDW Corp (CDW) director Addicott granted 92.37 dividend-equivalent shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CDW Corp director Virginia C. Addicott received a stock-based award linked to existing restricted stock units. On this Form 4, she acquired 92.37 shares of common stock at no cash cost as a grant or award. Following this transaction, she directly holds 18,497.83 shares of CDW common stock.
The footnote explains these 92.37 shares are dividend equivalents credited under previously granted restricted stock unit awards from the CDW Corporation 2021 Long-Term Incentive Plan, making this a routine compensation-related adjustment rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
ADDICOTT VIRGINIA C.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 | 92.37 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.01 — 18,497.83 shares (Direct)
Footnotes (1)
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FAQ
What did CDW (CDW) director Virginia C. Addicott report on this Form 4?
Virginia C. Addicott reported receiving 92.37 CDW common shares as a stock-based award. These shares were credited as dividend equivalents tied to previously granted restricted stock units under the 2021 Long-Term Incentive Plan.
Is Virginia C. Addicott buying or selling CDW (CDW) stock in this filing?
She is not buying or selling in the market; she is receiving shares. The Form 4 shows an acquisition coded as a grant or award, reflecting compensation-related dividend equivalents on outstanding restricted stock unit awards.
What are dividend equivalents in the context of CDW (CDW) restricted stock units?
Dividend equivalents are additional share credits tied to dividends on underlying stock-based awards. For CDW, the filing notes the 92.37 shares were dividend equivalents awarded under outstanding restricted stock units granted through the 2021 Long-Term Incentive Plan.
Does CDW (CDW) receive any cash from this Form 4 transaction?
No cash changes hands in this transaction. The 92.37 shares were granted at a reported price of $0.0000 per share as dividend-equivalent awards connected to existing restricted stock units under CDW’s 2021 long-term incentive program.