Form 4: CDW Corp Executive Peter Locy Reports Changes in Beneficial Ownership

Peter Locy, a Senior Vice President at CDW Corp, reports transactions involving common stock and restricted stock units.

Summary

• Peter Locy, a Senior Vice President at CDW Corporation, filed a Form 4 detailing changes in beneficial ownership.
• On March 5, 2025, Locy acquired 466 shares of common stock through a grant of restricted stock units, vesting on December 16, 2025.
• On March 11, 2025, Locy acquired 7.49 shares of common stock as dividend equivalents related to previously granted restricted stock units.
• On March 12, 2025, 46 shares were disposed of to cover taxes related to the settlement of a restricted stock unit award, at a price of $166.05.
• Following these transactions, Locy directly owns 3,345.14 shares of CDW Corp common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The grant of restricted stock units aligns executive interests with the long-term performance of the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Executive compensation packages, including restricted stock units, are common across the technology industry.
• Companies like Insight Enterprises and SHI International also utilize similar equity-based compensation plans to incentivize their executives.
• The vesting schedules and terms of these grants are generally aligned with industry best practices to retain key talent and drive long-term value creation.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders by slightly diluting the stock.

Key Dates