Form 4: CDW Director Acquires Shares via Dividend Equivalents

CDW Corp Director Virginia C. Addicott acquired 70.46 shares of common stock through dividend equivalents, increasing her direct beneficial ownership to 16,796.46 shares.

Summary

• Virginia C. Addicott, a Director of CDW Corp, acquired 70.46 shares of common stock.
• The acquisition occurred on December 10, 2025, at a price of $149.54 per share.
• These shares were dividend equivalents awarded pursuant to outstanding restricted stock unit awards previously granted under the CDW Corporation Long-Term Incentive Plan.
• Following this transaction, Ms. Addicott directly beneficially owns 16,796.46 shares of CDW common stock.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, even if through dividend equivalents, generally indicates continued alignment of interests with shareholders and confidence in the company's performance.

Positives

• Director Virginia C. Addicott increased her direct beneficial ownership in CDW Corp by acquiring 70.46 shares.
• The acquisition through dividend equivalents indicates ongoing benefits from previously granted restricted stock unit awards, aligning director interests with shareholders.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The transaction increases the director's direct beneficial ownership, further aligning her interests with those of the shareholders.
• Employees: The transaction reflects standard compensation practices for executives and directors under the company's long-term incentive plan.

Key Dates

Recommendation

This Form 4 reports a routine acquisition of shares by a director through dividend equivalents, which is part of a pre-existing compensation plan. While it shows continued insider ownership, it does not represent a discretionary open-market purchase or sale that would typically alter an investment recommendation. Investors should consider broader financial performance and strategic developments for investment decisions.

Keywords

CDW, insider transaction, Form 4, director, stock acquisition, dividend equivalents, restricted stock units, beneficial ownership