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

Christina M. Corley, a CDW Corp officer, was granted stock options and restricted stock units under the company's Long-Term Incentive Plan.

Summary

• On March 6, 2024, Christina M. Corley, Chief Commercial and Operating Officer of CDW Corporation, received 2,682 restricted stock units and 8,635 stock options as part of the company's Long-Term Incentive Plan.
• The restricted stock units will vest in three equal installments on March 6, 2025, 2026, and 2027.
• The stock options, with an exercise price of $247.19, also vest in three equal installments on the same dates.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral positive.

Positives

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

Future Outlook

The document does not contain any specific forward-looking statements beyond the vesting schedule of the granted securities.

Industry Context

Executive compensation packages including stock options and restricted stock units are common in the technology industry to incentivize performance and retain key personnel.

Comparison to Industry Standards

• Companies like Insight Enterprises, Accenture, and IBM 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 practices for companies of similar size and market capitalization.

Stakeholder Impact

• Shareholders may view the grant as a positive sign of incentivizing management to improve company performance.
• Employees may see this as a positive sign of investment in leadership.

Key Dates