Form 4: CDW Corp Executive Awarded Dividend Equivalents on Restricted Stock Units

Katherine Elizabeth Sanderson, Chief Human Resources Officer at CDW Corp, received dividend equivalents on previously granted restricted stock units.

Summary

• Katherine Elizabeth Sanderson, the Chief Human Resources Officer and Senior Vice President of Coworker Success at CDW Corp, was awarded dividend equivalents.
• These dividend equivalents were granted on December 10, 2024, pursuant to outstanding restricted stock unit awards.
• The awards were previously granted under the CDW Corporation Long-Term Incentive Plan.
• The total value of the dividend equivalents awarded was $17,400.54.
• The underlying security is CDW Corp's common stock, with a par value of $0.01.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation event, which is generally neutral to positive. It indicates that the company is following its established incentive plans.

Positives

• The award of dividend equivalents aligns with the company's long-term incentive plan.
• This type of award can be seen as a positive incentive for key executives.

Industry Context

This type of executive compensation is common in publicly traded companies as part of their long-term incentive plans to align executive interests with shareholder value.

Comparison to Industry Standards

• Many technology companies use restricted stock units and dividend equivalents as part of their executive compensation packages.
• Companies like Accenture, IBM, and HP also use similar long-term incentive plans to retain and motivate key personnel.
• The value of $17,400.54 is relatively small compared to the overall compensation packages of executives at large corporations, but is typical for dividend equivalents on restricted stock units.

Stakeholder Impact

• The award of dividend equivalents has a minor positive impact on executive morale.
• Shareholders may view this as a standard part of executive compensation.

Key Dates

Keywords

CDW Corp, Dividend Equivalents, Restricted Stock Units, Executive Compensation, Long-Term Incentive Plan, Katherine Elizabeth Sanderson