Form 4: CDW Corp Executive Peter R. Locy Reports Acquisition of Common Stock

Peter R. Locy, a Vice President at CDW Corp, reported the acquisition of common stock through restricted stock unit grants.

Summary

• On March 5, 2025, Peter R. Locy, Vice President, Controller and Chief Accounting Officer of CDW Corp, acquired 440 shares of common stock at $0.00 per share.
• These shares were obtained through a grant of restricted stock units under the CDW Corporation Long-Term Incentive Plan.
• Another grant of 440 restricted stock units was also acquired on the same day, also at $0.00 per share.
• Following these transactions, Locy directly owns 2,917.65 shares of CDW Corp common stock.
• The restricted stock units vest in installments, with one grant vesting in thirds on March 5, 2026, 2027, and 2028, and the other vesting entirely on the third anniversary of the grant date.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to executive compensation. The acquisition of shares by an executive is generally viewed as a positive, but it's not a major event.

Positives

• The acquisition of shares by an executive can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements about CDW Corp's future performance, but the vesting schedule of the restricted stock units suggests a multi-year incentive plan for the executive.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and is common in publicly traded companies. It provides transparency into the equity ownership of company insiders.

Comparison to Industry Standards

• Equity compensation is a standard practice across the technology industry, with companies like Insight Enterprises, Accenture, and IBM also utilizing stock options and restricted stock units to incentivize executives.
• The vesting schedules described are typical for such grants, aligning executive interests with long-term shareholder value.

Stakeholder Impact

• Shareholders may view the executive's increased stake in the company positively.
• Employees may see this as a sign of confidence in the company's leadership.

Key Dates