Grainger director logs 64-unit stock award, trust gift
Rhea-AI Filing Summary
For W.W. Grainger, Inc. (GWW), director Neil S. Novich reported several equity-related changes on September 1, 2026. He received a grant of 64 Deferred Stock Units (DSUs), each expected to settle into one share of common stock after his service as a director ends. On the same date, he made a bona fide gift of 64 DSUs from his direct holdings and a corresponding 64 DSUs were acquired in a Family Trust for which he serves as co‑trustee, leaving the Family Trust with 33,708 DSUs. His directly held common stock position is reported at 4,605 shares following these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
128 shares gifted
Gift
4 txns
Insider
NOVICH NEIL S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units F1, F2 | 64 | $1,309.49 | $84K |
| Gift | Deferred Stock Units F1, F2 | 64 | $0.00 | $0.00 |
| Gift | Deferred Stock Units F1, F2, F3 | 64 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Deferred Stock Units — 0 shares (Direct);
Deferred Stock Units — 33,708 shares (Indirect, Family Trust);
Common Stock — 4,605 shares (Direct)
Footnotes (3)
- F1. 1-for-1
- F2. 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.
- F3. Shares held in a family trust for which Mr. Novich serves as a co-trustee.
Key Figures
Deferred Stock Units granted: 64 Deferred Stock Units
Grant price per Deferred Stock Unit: $1309.4900 per unit
Deferred Stock Units gifted: 64 Deferred Stock Units
+2 more
5 metrics
Deferred Stock Units granted
64 Deferred Stock Units
Grant to Neil S. Novich on September 1, 2026
Grant price per Deferred Stock Unit
$1309.4900 per unit
Deferred Stock Unit grant on September 1, 2026
Deferred Stock Units gifted
64 Deferred Stock Units
Bona fide gift from direct ownership on September 1, 2026
Deferred Stock Units held in Family Trust
33,708 Deferred Stock Units
Indirect ownership in a Family Trust after transactions
Common Stock held directly
4,605 shares
Direct common stock position after reported transactions
Key Terms
Deferred Stock Units, bona fide gift, Family Trust
3 terms
Deferred Stock Units financial
"The deferred stock units are expected to settle in shares of common stock"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Family Trust financial
"Shares held in a family trust for which Mr. Novich serves as a co-trustee"
FAQ
What equity award did director Neil S. Novich report at W.W. Grainger (GWW)?
Neil S. Novich reported a grant of 64 Deferred Stock Units on September 1, 2026. Each DSU is expected to settle in one share of common stock after his service as a director ends.
What gift transactions did Neil S. Novich report for GWW on September 1, 2026?
He reported a bona fide gift disposition of 64 Deferred Stock Units from direct ownership and a corresponding acquisition of 64 Deferred Stock Units by a Family Trust, both on September 1, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.