Form 4: CDW CFO Acquires Shares via Dividend Equivalents

CDW Corporation's Chief Financial Officer, Albert Joseph Miralles Jr., acquired 54.36 shares of common stock through dividend equivalents from restricted stock units.

Summary

• Albert Joseph Miralles Jr., Chief Financial Officer and Executive Vice President, Enterprise Business Operations of CDW Corp, reported a change in beneficial ownership.
• On December 10, 2025, Mr. Miralles acquired 54.36 shares of CDW common stock.
• The acquisition was made at a price of $149.54 per share.
• These shares were awarded as dividend equivalents pursuant to outstanding restricted stock unit awards previously granted under the CDW Corporation Long-Term Incentive Plan.
• Following this transaction, Mr. Miralles beneficially owns a total of 33,145.45 shares of CDW common stock.

Sentiment

Score: 5

Explanation: This is a routine insider transaction related to compensation, not indicative of significant positive or negative company performance or strategic shifts.

Positives

• The transaction increases insider ownership, aligning management's interests with those of shareholders.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This is a routine insider transaction related to executive compensation, which is a common practice across various industries to align management incentives with shareholder value. It does not reflect broader industry trends or competitive positioning.

Comparison to Industry Standards

• The acquisition of shares through dividend equivalents on restricted stock units is a standard component of executive compensation packages in publicly traded companies, consistent with industry norms for long-term incentive plans.

Related Party Transactions

• The transaction involves the acquisition of shares from CDW Corporation as part of an executive compensation plan (dividend equivalents on restricted stock units).

Stakeholder Impact

• Shareholders may view the increased insider ownership as a minor positive, indicating continued alignment of management's interests with their own.

Key Dates

Recommendation

The filing details a routine insider transaction where the CFO acquired shares through dividend equivalents on restricted stock units. This is a standard part of executive compensation and does not provide new information that would significantly alter the investment thesis for CDW Corporation, thus a 'hold' recommendation is maintained.

Keywords

CDW, Form 4, insider transaction, beneficial ownership, stock acquisition, dividend equivalents, restricted stock units, CFO