Director at W.W. Grainger (GWW) receives deferred stock unit equity grant

Q: What insider transaction did W.W. Grainger (GWW) report for Cindy J. Miller?

W.W. Grainger reported that director Cindy J. Miller acquired 1 deferred stock unit on March 1, 2026 . This was recorded as a grant or award, increasing her directly held deferred stock units to 359 following the transaction.

Q: What is the value of the deferred stock unit granted to Cindy J. Miller at W.W. Grainger (GWW)?

The deferred stock unit granted to Cindy J. Miller was recorded at $1,144.73 per unit . This price reflects the reference value used for the equity award and does not represent an open-market purchase or sale of W.W. Grainger common shares.

Q: How many deferred stock units does Cindy J. Miller hold after this W.W. Grainger (GWW) Form 4 filing?

After the reported grant, Cindy J. Miller holds 359 deferred stock units directly. These units are part of her director compensation and track the value of W.W. Grainger common stock until they eventually settle into shares in the future.

Q: How and when do Cindy J. Miller’s deferred stock units at W.W. Grainger (GWW) settle?

The filing states that the deferred stock units are expected to settle in shares of common stock on a one-for-one basis . Settlement is expected to occur following the end of Miller’s service as a director at W.W. Grainger.

Q: Does the W.W. Grainger (GWW) Form 4 show Cindy J. Miller buying or selling stock on the market?

No, the Form 4 shows a grant or award acquisition of deferred stock units, not an open-market trade. The transaction code is A , indicating an award, and the units will convert to common shares after her board service ends.

Q: What does a 1-for-1 deferred stock unit arrangement mean for W.W. Grainger (GWW) directors?

A 1-for-1 deferred stock unit arrangement means each unit is expected to convert into one share of common stock . For directors like Cindy J. Miller, this links part of their compensation directly to W.W. Grainger’s equity over the long term.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

W.W. Grainger, Inc. director Cindy J. Miller reported receiving a grant of 1 deferred stock unit on March 1, 2026. This award was recorded at a reference value of $1,144.73 per unit, bringing her directly held deferred stock unit balance to 359 units after the transaction.

The deferred stock units are expected to settle in shares of common stock on a one-for-one basis after Miller’s service as a director ends, aligning her compensation with long-term shareholder interests through equity that converts into common stock in the future.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Miller Cindy J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	1	$1,144.73	$1K

Holdings After Transaction: Deferred Stock Units — 359 shares (Direct)

Footnotes (1)

1-for-1 The deferred stock units are expected to settle in shares of common stock on a one-for-one basis following end of service as a director.

Form 4 Insider Transactions: What Each Field Means →

03/03/2026 - 02:47 PM

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^*

Miller Cindy J

(Last)

(First)

(Middle)

100 GRAINGER PARKWAY

(Street)

LAKE FOREST

60045

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
W.W. GRAINGER, INC. [ GWW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Deferred Stock Units	⁽¹⁾	03/01/2026		A		1		⁽²⁾	⁽²⁾	Common Stock	1	$1,144.73	359	D

Explanation of Responses:

1. 1-for-1

2. The deferred stock units are expected to settle in shares of common stock on a one-for-one basis following end of service as a director.

Remarks:

	/s/ Cherita Thomas, by POA from Cindy J. Miller, Director	03/03/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did W.W. Grainger (GWW) report for Cindy J. Miller?

W.W. Grainger reported that director Cindy J. Miller acquired 1 deferred stock unit on March 1, 2026. This was recorded as a grant or award, increasing her directly held deferred stock units to 359 following the transaction.

What is the value of the deferred stock unit granted to Cindy J. Miller at W.W. Grainger (GWW)?

The deferred stock unit granted to Cindy J. Miller was recorded at $1,144.73 per unit. This price reflects the reference value used for the equity award and does not represent an open-market purchase or sale of W.W. Grainger common shares.

How many deferred stock units does Cindy J. Miller hold after this W.W. Grainger (GWW) Form 4 filing?

After the reported grant, Cindy J. Miller holds 359 deferred stock units directly. These units are part of her director compensation and track the value of W.W. Grainger common stock until they eventually settle into shares in the future.

How and when do Cindy J. Miller’s deferred stock units at W.W. Grainger (GWW) settle?

The filing states that the deferred stock units are expected to settle in shares of common stock on a one-for-one basis. Settlement is expected to occur following the end of Miller’s service as a director at W.W. Grainger.

Does the W.W. Grainger (GWW) Form 4 show Cindy J. Miller buying or selling stock on the market?

No, the Form 4 shows a grant or award acquisition of deferred stock units, not an open-market trade. The transaction code is A, indicating an award, and the units will convert to common shares after her board service ends.

What does a 1-for-1 deferred stock unit arrangement mean for W.W. Grainger (GWW) directors?

A 1-for-1 deferred stock unit arrangement means each unit is expected to convert into one share of common stock. For directors like Cindy J. Miller, this links part of their compensation directly to W.W. Grainger’s equity over the long term.