Dividend equivalents boost CDW (CDW) director's holdings

Rhea-AI Filing Summary

Foxx Anthony R reported acquisition or exercise transactions in this Form 4 filing.

CDW Corp director Anthony R. Foxx received a grant of 32.61 shares of common stock, representing dividend equivalents on previously awarded restricted stock units under the CDW Corporation Long-Term Incentive Plan. These are compensation-related shares, not an open-market purchase.

After this award and related adjustments, Foxx directly holds 6,728.19 shares of CDW common stock. The reported figure reflects an additional 1.94 shares of dividend equivalents from March 10, 2026 that were inadvertently omitted from a prior Form 4 and are now included.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Foxx Anthony R

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.01	32.61	$129.30	$4K

Holdings After Transaction: Common Stock, par value $0.01 — 6,728.19 shares (Direct, null)

Footnotes (1)

1. Dividend equivalents awarded pursuant to outstanding restricted stock unit awards previously granted under the CDW Corporation Long-Term Incentive Plan. This figure has been adjusted to reflect the addition of 1.94 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: 32.61 shares Reference price per share: $129.30 per share Total direct holdings: 6,728.19 shares +1 more

4 metrics

Shares awarded 32.61 shares Dividend equivalents on RSUs granted June 10, 2026

Reference price per share $129.30 per share Value used for the 32.61-share award

Total direct holdings 6,728.19 shares Common stock held directly after the transaction

Prior omission adjustment 1.94 shares Dividend equivalents from March 10, 2026 now included

Key Terms

dividend equivalents, restricted stock unit, CDW Corporation Long-Term Incentive Plan, Form 4

4 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.

CDW Corporation Long-Term Incentive Plan financial

"previously granted under the CDW Corporation Long-Term Incentive Plan"

Form 4 regulatory

"omitted from the Form 4 filed on March 12, 2026"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

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^*

Foxx Anthony R

(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		32.61(1)	A	$129.3	6,728.19(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 1.94 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)

FAQ

What did CDW (CDW) director Anthony R. Foxx report in this Form 4?

Anthony R. Foxx reported receiving 32.61 shares of CDW common stock as dividend equivalents on existing restricted stock units. These shares are part of his compensation under the CDW Corporation Long-Term Incentive Plan, rather than an open-market stock purchase or sale.

Is Anthony R. Foxx buying or selling CDW (CDW) shares in this filing?

The filing shows an acquisition related to compensation, not a market trade. Foxx received 32.61 shares as dividend equivalents on outstanding restricted stock units, which increases his direct holdings without any open-market buying or selling activity in this transaction.

How many CDW (CDW) shares does Anthony R. Foxx own after this Form 4 transaction?

Following the reported award, Anthony R. Foxx directly holds 6,728.19 shares of CDW common stock. This total includes the 32.61 dividend equivalent shares granted on June 10, 2026 and an additional 1.94 shares related to earlier dividend equivalents now reflected.

What are dividend equivalents mentioned in the CDW (CDW) Form 4 for Anthony R. Foxx?

Dividend equivalents are additional shares or credits granted to match dividends on underlying awards. In this case, Foxx received 32.61 shares as dividend equivalents on outstanding restricted stock units granted under CDW’s Long-Term Incentive Plan, aligning his compensation with shareholder dividends.

Why was there an adjustment of 1.94 CDW (CDW) shares in Anthony R. Foxx’s holdings?

The total holdings figure was adjusted to add 1.94 shares of dividend equivalents from March 10, 2026. Those dividend equivalent awards were inadvertently omitted from a Form 4 filed on March 12, 2026 and are now included in the updated share balance.