Form 4: CDW Corp Director Receives Restricted Stock Units

CDW Corp director David W. Nelms received a grant of fully vested restricted stock units as part of his annual retainer, with settlement deferred.

Summary

• David W. Nelms, a Director at CDW Corporation, was granted 236 fully vested restricted stock units (RSUs) on April 1, 2026.
• These RSUs are part of the CDW Corporation Long-Term Incentive Plan and are in lieu of cash for the annual director retainer.
• The settlement of these RSUs into CDW Corporation common stock has been deferred as per the award agreements.
• Following this transaction, Nelms beneficially owns 33,025.12 shares of common stock.
• An adjustment was made to reflect an additional 9.5 shares from dividend equivalents on March 10, 2026, which were previously omitted from a prior filing.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents routine compensation for a director rather than a significant strategic event or financial performance indicator.

Positives

• Director David W. Nelms received a grant of 236 fully vested restricted stock units, indicating continued compensation and alignment with the company.
• The RSUs are part of a long-term incentive plan, suggesting a focus on retaining key leadership.
• The total beneficial ownership of 33,025.12 shares indicates a significant stake held by the director.

Risks

• Deferred settlement of RSUs means the actual receipt of shares is contingent on future events and company performance.
• Potential for future adjustments or omissions in filings, as evidenced by the correction of dividend equivalent shares.

Future Outlook

Settlement of the granted restricted stock units into shares of CDW Corporation common stock has been deferred pursuant to each applicable award agreement.

Industry Context

StockSavvy.ai notes that the use of restricted stock units for director retainers is a common practice in the technology and IT services sector, aligning executive and director compensation with long-term shareholder value.

Stakeholder Impact

• Shareholders: The grant of RSUs to directors is a standard compensation practice, generally expected and not directly impactful unless the terms are unusual. The deferred settlement aligns director interests with long-term company performance.
• Employees: The use of equity-based compensation for directors is typical and does not directly impact employee compensation structures.
• Management: The filing confirms standard compensation practices for directors.

Next Steps

• Settlement of restricted stock units into CDW Corporation common stock at a future date as per award agreements.

Key Dates

Keywords

CDW Corp, Form 4, Insider Trading, Restricted Stock Units, Director Compensation, SEC Filing, Equity Award, Beneficial Ownership