Form 4: CDW Corp Executive Kulevich Receives Stock Options and Restricted Stock Units

Frederick J. Kulevich, a Senior Vice President at CDW Corporation, was granted stock options and restricted stock units under the company's Long-Term Incentive Plan.

Summary

• Frederick J. Kulevich, a Senior Vice President at CDW Corporation, received a grant of 1,643 restricted stock units and 5,288 stock options on March 6, 2024.
• The restricted stock units vest in three equal installments on March 6, 2025, 2026, and 2027.
• The stock options also vest in three equal installments on March 6, 2025, 2026, and 2027.
• The exercise price of the stock options is $247.19.
• Following the transaction, Kulevich directly owns 25,490.44 shares of CDW Corp common stock and 5,288 stock options.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices, indicating confidence in the executive and the company's future performance.

Positives

• The grant of restricted stock units and stock options aligns Kulevich's interests with the long-term performance of CDW Corporation.
• The vesting schedule encourages continued service and contribution to the company's success.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This is a standard practice for publicly traded companies to incentivize and retain key executives through equity-based compensation.

Comparison to Industry Standards

• Equity grants are a common component of executive compensation packages in the technology and IT services industry, often used by companies like Accenture, IBM, and HP to align executive incentives with shareholder value.
• The vesting schedules (one-third each year for three years) are typical for such grants, promoting long-term commitment.
• The size of the grant relative to Kulevich's position and CDW's overall compensation strategy would require further analysis to benchmark against industry peers.

Stakeholder Impact

• The equity grants aim to align executive interests with shareholder value, potentially benefiting shareholders.
• The grants serve as an incentive for the executive, potentially improving employee morale and retention.

Key Dates