CDW director awarded 7.18 shares in dividend grant

CDW Corp director Kelly J. Grier received additional common shares via dividend-equivalent awards tied to existing restricted stock units.

Rhea-AI Filing Summary

CDW Corp (CDW) reported that director Kelly J. Grier acquired a small additional stake through an equity award. On September 10, 2026, Grier received 7.18 shares of common stock as dividend equivalents on outstanding restricted stock units at a reference value of $142.60 per share, bringing direct holdings to 4,068.95 shares. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Grant/Award: 7.18 shares

Grant/Award 1 txn

Insider Grier Kelly J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.01 F1	7.18	$142.60	$1K

Holdings After Transaction: Common Stock, par value $0.01 — 4,068.95 shares (Direct)

Footnotes (1)

1. F1. Dividend equivalents awarded pursuant to outstanding restricted stock unit awards previously granted under the CDW Corporation 2021 Long-Term Incentive Plan.

Key Figures

Shares acquired: 7.18 shares Transaction value per share: $142.60 per share Shares owned after transaction: 4,068.95 shares +1 more

4 metrics

Shares acquired 7.18 shares Dividend-equivalent award on September 10, 2026

Transaction value per share $142.60 per share Reference price for the 7.18-share grant

Shares owned after transaction 4,068.95 shares Kelly J. Grier direct holdings following the award

Transaction date September 10, 2026 Date of the dividend-equivalent share award

Key Terms

Dividend equivalents, restricted stock unit, Long-Term Incentive Plan

3 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 financial

"pursuant to outstanding restricted stock unit awards previously granted"

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 2021 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.

FAQ

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

What insider transaction did CDW (CDW) disclose for Kelly J. Grier?

CDW disclosed that director Kelly J. Grier received an equity award on September 10, 2026, consisting of 7.18 shares of CDW common stock as dividend equivalents on previously granted restricted stock units under the 2021 Long-Term Incentive Plan.

How many CDW (CDW) shares did Kelly J. Grier acquire in this Form 4 filing?

Kelly J. Grier acquired 7.18 shares of CDW common stock. These shares were reported as a grant or award acquisition of dividend equivalents related to outstanding restricted stock unit awards, not as an open-market purchase or sale.

What is Kelly J. Grier’s direct CDW (CDW) share ownership after the reported transaction?

Following the reported award, Kelly J. Grier directly owns 4,068.95 shares of CDW common stock. This figure reflects the addition of 7.18 shares received as dividend equivalents tied to existing restricted stock units.

At what price were the CDW (CDW) dividend-equivalent shares valued in the Form 4?

The 7.18 dividend-equivalent shares were reported with a transaction value of $142.60 per share. This amount serves as the reference price for the grant, as disclosed in the Form 4 transaction details.

Were the CDW (CDW) insider transactions under a Rule 10b5-1 trading plan?

No. The filing indicates that the Rule 10b5-1 checkbox is not marked, and no Rule 10b5-1 trading plan is reported in connection with Kelly J. Grier’s dividend-equivalent share award.

What plan governed the dividend-equivalent award reported for CDW (CDW)?

The dividend-equivalent award was granted pursuant to outstanding restricted stock unit awards under the CDW Corporation 2021 Long-Term Incentive Plan, as stated in the footnote to the Form 4.

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

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Available on EDGAR 09/14/2026 - 04:11 PM Accepted by SEC EDGAR 09/14/2026 - 04:10 PM 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^*

Grier Kelly J

(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)
09/10/2026

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	09/10/2026		A		7.18(1)	A	$142.6	4,068.95	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 2021 Long-Term Incentive Plan.

Remarks:

	/s/ Stephanie Tso, Attorney-in-Fact	09/14/2026
	** 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)