Form 4: CDW Corp Executive Kulevich Receives Restricted Stock Units

Frederick J. Kulevich, a CDW Corp executive, was granted 6,953 restricted stock units on March 5, 2025, under the company's Long-Term Incentive Plan.

Summary

• On March 5, 2025, Frederick J. Kulevich, Chief Legal Officer, Executive Vice President, Risk and Compliance, and Corporate Secretary of CDW Corporation, received a grant of 6,953 restricted stock units.
• These units were granted 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, Kulevich directly owns 36,270.1 shares of CDW Corp common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The grant of restricted stock units is a standard practice and indicates confidence in the executive and the company's future performance. There are no explicitly negative elements.

Positives

• The grant of restricted stock units aligns executive compensation with the long-term performance of CDW Corporation.
• 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

Grants of restricted stock units are a common practice in executive compensation packages within the technology and IT services industry, aligning executive interests with shareholder value and long-term company performance.

Comparison to Industry Standards

• Companies like Accenture, IBM, and Tata Consultancy Services also utilize restricted stock units as part of their executive compensation plans.
• The vesting schedules and amounts of these grants are typically benchmarked against peer companies to ensure competitiveness and alignment with performance goals.
• The specific terms of CDW's Long-Term Incentive Plan would need to be compared to those of its peers to determine its relative attractiveness and effectiveness.

Stakeholder Impact

• Shareholders may view the grant positively as it aligns executive interests with long-term company performance.
• Employees may see it as a sign of the company's commitment to its leadership team.

Key Dates