Form 4: CDW Corp Executive Elizabeth H. Connelly Sells Shares to Cover Taxes

Elizabeth H. Connelly, Chief Commercial Officer at CDW Corp, sold 126 shares of common stock to cover taxes related to vesting restricted stock units.

Summary

• Elizabeth H. Connelly, a Chief Commercial Officer at CDW Corp, sold 126 shares of common stock on November 13, 2024.
• The sale was executed at a price of $186.01 per share.
• This transaction was to cover FICA taxes arising from the vesting of restricted stock units under the company's Long-Term Incentive Plan.
• Following the transaction, Ms. Connelly directly owns 10,992.56 shares of CDW Corp stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no significant positive or negative implications.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover taxes are a common practice across publicly traded companies.
• The number of shares sold is relatively small compared to the total holdings of the executive, which is typical for these types of transactions.
• The price of $186.01 is within the normal trading range for CDW Corp stock.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by an executive to cover taxes.

Key Dates

Keywords

CDW Corp, Elizabeth H. Connelly, stock sale, insider trading, executive compensation, restricted stock units, FICA taxes