Form 4: CDW Corp Executive Miralles Albert Joseph Jr. Reports Stock and Option Grants

Albert Joseph Miralles Jr., a Senior Vice President and CFO at CDW Corp, reported the acquisition of restricted stock units and stock options on March 6, 2024.

Summary

• On March 6, 2024, Albert Joseph Miralles Jr., Senior Vice President and Chief Financial Officer of CDW Corp, reported transactions involving CDW Corp's securities.
• Miralles acquired 2,431 shares of common stock through a grant of restricted stock units under the CDW Corporation Long-Term Incentive Plan.
• These restricted stock units vest in three equal installments on March 6, 2025, 2026, and 2027.
• Additionally, Miralles acquired 7,828 stock options under the same incentive plan, with an exercise price of $247.19.
• These options also vest in three equal installments on March 6, 2025, 2026, and 2027.
• Following these transactions, Miralles directly owns 17,383.03 shares of CDW Corp common stock and 7,828 stock options.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating a stable and incentivized management structure. This is generally viewed positively.

Positives

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

Industry Context

Executive compensation through stock options and restricted stock units is a common practice in the technology industry to incentivize performance and retain key personnel.

Comparison to Industry Standards

• Companies like Accenture, IBM, and HP also utilize stock options and restricted stock units as part of their executive compensation packages.
• The vesting schedules and grant sizes are generally aligned with industry benchmarks for companies of similar size and market capitalization.

Stakeholder Impact

• Shareholders may view the stock and option grants as a positive incentive for management to drive long-term value.
• Employees may see this as a sign of the company's commitment to rewarding its leadership.

Key Dates