Form 4: CDW Corp Director Virginia Addicott Reports Acquisition of Restricted Stock Units

Virginia Addicott, a director at CDW Corp, reported the acquisition of 718 restricted stock units on March 6, 2024.

Summary

• On March 6, 2024, Virginia C. Addicott, a director of CDW Corp, acquired 718 restricted stock units.
• These restricted stock units were granted under the CDW Corporation Long-Term Incentive Plan.
• The units vest on the first anniversary of the grant date.
• Settlement into shares of CDW Corporation common stock is deferred until the earlier of separation from service on the Board of Directors or five years following vesting.
• Following the transaction, Addicott beneficially owns 15,280.5 shares of CDW Corp common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to stock ownership, indicating a neutral sentiment.

Future Outlook

Settlement into shares of CDW Corporation common stock has been deferred until the sooner of separation from service on the Board of Directors or five years following vesting.

Industry Context

This filing is a routine disclosure of stock-based compensation to a company director, which is a common practice in publicly traded companies to align the interests of management and shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholder value by aligning the director's interests with those of the shareholders through equity ownership.

Key Dates