Form 4: CDW Corp Executive Albert Joseph Miralles Jr. Reports Acquisition of Restricted Stock Units

Albert Joseph Miralles Jr., CFO and Executive Vice President of CDW Corporation, reports the acquisition of restricted stock units under the company's Long-Term Incentive Plan.

Summary

• On March 5, 2025, Albert Joseph Miralles Jr., Chief Financial Officer and Executive Vice President, Enterprise Business Operations of CDW Corporation, acquired 11,125 shares of common stock.
• These shares were granted as restricted stock units under the CDW Corporation Long-Term Incentive Plan.
• The restricted stock units vest in three equal installments on March 5, 2026, March 5, 2027, and March 5, 2028.
• Following the transaction, Miralles directly owns 33,313.09 shares of CDW Corp common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive signal.

Positives

• The grant of restricted stock units aligns the executive's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the executive.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the restricted stock units.

Industry Context

This type of stock grant is a common practice in the tech industry to incentivize and retain key executives. It aligns their compensation with the company's long-term stock performance.

Comparison to Industry Standards

• Granting restricted stock units is a common practice among publicly traded companies, including competitors like Insight Enterprises and SHI International Corp, to align executive compensation with shareholder value.
• The vesting schedule of one-third annually over three years is also a typical arrangement, similar to plans offered by companies such as Accenture and Tata Consultancy Services.

Stakeholder Impact

• Shareholders: The grant aligns executive interests with long-term company performance, potentially increasing shareholder value.
• Employees: The grant may boost employee morale by demonstrating the company's investment in its leadership.

Key Dates