Form 4: CDW Corp Executive Peter R. Locy Acquires Restricted Stock Units

Peter R. Locy, a Vice President at CDW Corp, acquired 307 restricted stock units on March 6, 2024, under the company's Long-Term Incentive Plan.

Summary

• On March 6, 2024, Peter R. Locy, a Vice President at CDW Corporation, acquired 307 restricted stock units.
• The acquisition was part of the CDW Corporation Long-Term Incentive Plan.
• These restricted stock units will vest in three equal installments on March 6, 2025, 2026, and 2027.
• Following the transaction, Locy directly owns 1,774.91 shares of CDW Corp common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation event, which is generally viewed neutrally. The grant of restricted stock units can be seen as a positive sign of aligning executive interests with company performance.

Positives

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

Future Outlook

The vesting schedule of the restricted stock units extends to March 6, 2027, suggesting a long-term focus for the executive.

Industry Context

Grants of restricted stock units are a common practice in executive compensation, particularly in publicly traded companies like CDW Corp, to incentivize performance and align executive interests with shareholder value.

Comparison to Industry Standards

• Executive compensation packages, including restricted stock units, are common across the technology sector.
• Companies like Insight Enterprises and SHI International also utilize similar incentive plans to retain and motivate key personnel.
• The vesting schedule of three years is a standard practice to ensure long-term commitment.

Stakeholder Impact

• The grant of restricted stock units can positively impact shareholders by aligning executive interests with long-term company performance.
• Employees may view this as a positive sign of investment in leadership.

Key Dates