CDW director granted dividend-equivalent shares

Jones Marc Ellis reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Jones Marc Ellis reported acquisition or exercise transactions in this Form 4 filing.

CDW Corp director Marc Ellis Jones received 21.88 shares of common stock as dividend equivalents tied to previously granted restricted stock units under the CDW Corporation Long-Term Incentive Plan. His direct holdings increased to 4,513.33 shares, including a 1.29-share dividend-equivalent adjustment to a prior Form 4.

Insider Trade Summary

Grant/Award: 21.88 shares

Grant/Award 1 txn

Insider Jones Marc Ellis

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.01	21.88	$129.30	$3K

Holdings After Transaction: Common Stock, par value $0.01 — 4,513.33 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 1.29 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 granted: 21.88 shares Grant reference price: $129.30 per share Post-transaction holdings: 4,513.33 shares +1 more

4 metrics

Shares granted 21.88 shares Dividend equivalents on RSUs granted June 10, 2026

Grant reference price $129.30 per share Price per share for the 21.88-share award

Post-transaction holdings 4,513.33 shares Direct CDW common stock held after the award

Dividend-equivalent correction 1.29 shares Adjustment for awards omitted from March 12, 2026 Form 4

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 previously granted"

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"

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.

FAQ

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

What insider transaction did CDW (CDW) disclose for Marc Ellis Jones?

CDW disclosed that director Marc Ellis Jones received 21.88 shares of common stock. These were dividend equivalents linked to outstanding restricted stock units, increasing his direct ownership to 4,513.33 shares after the transaction reported on the latest Form 4 filing.

Was the CDW (CDW) Form 4 transaction an open-market buy or sell?

The Form 4 does not show an open-market trade. It reports an acquisition coded “A,” describing 21.88 shares received as a grant or award of dividend equivalents on existing restricted stock units rather than a discretionary market purchase or sale.

How many CDW (CDW) shares does Marc Ellis Jones hold after this Form 4?

After the reported transaction, Marc Ellis Jones directly holds 4,513.33 CDW common shares. This figure reflects both the 21.88 dividend-equivalent shares granted on June 10, 2026 and a 1.29‑share adjustment tied to previously omitted dividend-equivalent awards.

What are the 21.88 CDW (CDW) shares reported in Marc Ellis Jones’s Form 4?

The 21.88 shares are dividend equivalents awarded under existing restricted stock unit grants. They were issued pursuant to the CDW Corporation Long-Term Incentive Plan and are classified as a grant or award acquisition, not as shares bought in the open market.

Why was there a 1.29-share adjustment in the CDW (CDW) Form 4 footnotes?

The footnotes state that 1.29 shares were added to adjust for dividend-equivalent awards dated March 10, 2026. These had been inadvertently omitted from a prior Form 4 filed March 12, 2026, so the new filing corrects the total share count accordingly.

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

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Accepted by SEC EDGAR 06/12/2026 - 04:05 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^*

Jones Marc Ellis

(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		21.88(1)	A	$129.3	4,513.33(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 1.29 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)