Form 4: CDW Corp Director David W. Nelms Acquires Restricted Stock Units

Director David W. Nelms acquired restricted stock units in CDW Corporation under the company's Long-Term Incentive Plan.

Summary

• David W. Nelms, a director at CDW Corp, acquired 718 restricted stock units on March 6, 2024, under the CDW Corporation Long-Term Incentive Plan.
• These restricted stock units vest on the first anniversary of the grant date, with settlement deferred until separation from service on the Board or five years following vesting.
• Additionally, Mr. Nelms acquired 142 restricted stock units for his service as Lead Independent Director, also vesting on the first anniversary with deferred settlement.
• Following these transactions, Mr. Nelms beneficially owns 28,371.44 shares of CDW Corp common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (grant of restricted stock units) which is generally viewed as a positive sign of aligning director interests with company performance. It's a neutral to slightly positive event.

Positives

• The grant of restricted stock units to a director aligns their interests with the long-term performance of the company.
• The vesting schedule and deferred settlement encourage long-term commitment from the director.

Industry Context

Grants of restricted stock units are a common form of executive compensation in publicly traded companies, aligning management's interests with those of shareholders.

Comparison to Industry Standards

• Companies like Insight Enterprises and SHI International also use equity-based compensation to incentivize their executives and directors.
• The vesting schedules and deferral periods are generally in line with industry practices to promote long-term value creation.

Stakeholder Impact

• The grant of restricted stock units to a director can positively impact shareholders by aligning the director's interests with the company's long-term success.

Key Dates