CDW director receives 105-share stock award

CDW Corp director James A. Bell reported an acquisition of 105.04 shares of common stock as a grant or award, tied to dividend equivalents on existing restricted stock units, valued at $129.30 per share.

Rhea-AI Filing Summary

CDW Corp director James A. Bell reported an acquisition of 105.04 shares of common stock as a grant or award, tied to dividend equivalents on existing restricted stock units, valued at $129.30 per share. Following this award, his direct holdings total 26,358.29 shares, after adjusting for an earlier omission of 6.56 dividend-equivalent shares.

Insider Trade Summary

Grant/Award: 105.04 shares

Grant/Award 1 txn

Insider BELL JAMES A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.01	105.04	$129.30	$14K

Holdings After Transaction: Common Stock, par value $0.01 — 26,358.29 shares (Direct)

Footnotes (2)

1. F1. Dividend equivalents awarded pursuant to outstanding restricted stock unit awards previously granted under the CDW Corporation Long-Term Incentive Plan.
2. F2. This figure has been adjusted to reflect the addition of 6.56 shares, representing dividend equivalent awards on March 10, 2026, which were inadvertently omitted from the Form 4 filed on March 12, 2026.

Key Figures

Shares awarded: 105.04 shares Per-share value: $129.30 per share Total shares after transaction: 26,358.29 shares +1 more

4 metrics

Shares awarded 105.04 shares Dividend-equivalent grant on 2026-06-10

Per-share value $129.30 per share Valuation of awarded common stock

Total shares after transaction 26,358.29 shares Direct holdings following award

Previously omitted dividend equivalents 6.56 shares Adjustment from March 10, 2026 awards

Key Terms

dividend equivalents, restricted stock unit, Long-Term Incentive Plan, Grant, award, or other acquisition

4 terms

dividend equivalents financial

"Dividend equivalents awarded pursuant to outstanding restricted stock unit awards previously granted under the CDW Corporation Long-Term Incentive Plan."

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 financial

"Dividend equivalents awarded pursuant to outstanding restricted stock unit awards previously granted under the CDW Corporation Long-Term Incentive Plan."

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

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"

FAQ

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

What insider transaction did CDW (CDW) director James A. Bell report?

James A. Bell reported receiving 105.04 CDW common shares as a grant or award. These shares reflect dividend equivalents on previously granted restricted stock units under the company’s Long-Term Incentive Plan, rather than an open-market purchase.

At what price were the new CDW (CDW) shares recorded on Bell’s Form 4?

The 105.04 CDW shares were recorded at $129.30 per share. This price is used to value the dividend-equivalent share award associated with Bell’s outstanding restricted stock units under the company’s Long-Term Incentive Plan.

How many CDW (CDW) shares does James A. Bell hold after this Form 4 transaction?

After the reported award, James A. Bell directly holds 26,358.29 CDW shares. This figure includes an adjustment for 6.56 dividend-equivalent shares from March 10, 2026, which had been omitted from an earlier Form 4 filing.

What are dividend equivalents in the context of CDW (CDW) restricted stock units?

Dividend equivalents are additional share credits linked to dividends on restricted stock units. For CDW, Bell received 105.04 shares as dividend-equivalent awards tied to outstanding RSUs under the CDW Corporation Long-Term Incentive Plan, increasing his direct share holdings.

Did James A. Bell buy or sell CDW (CDW) shares on the open market in this filing?

No open-market buy or sell is reported. The Form 4 shows an acquisition coded as a grant or award, reflecting 105.04 dividend-equivalent shares on existing restricted stock units, rather than a discretionary market transaction.

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

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Accepted by SEC EDGAR 06/12/2026 - 04:04 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^*

BELL JAMES A

(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		105.04(1)	A	$129.3	26,358.29(2)	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.

2. This figure has been adjusted to reflect the addition of 6.56 shares, representing dividend equivalent awards on March 10, 2026, which were inadvertently omitted from the Form 4 filed on March 12, 2026.

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)