Form 4: CDW Director Grier Boosts Stake via Dividends

CDW Director Kelly J. Grier acquired 4.63 shares of common stock through dividend equivalents, increasing her direct beneficial ownership to 2,430.5 shares.

Summary

• Kelly J. Grier, a Director of CDW Corp., acquired 4.63 shares of the company's common stock.
• The transaction occurred on December 10, 2025, with a price of $149.54 per share.
• The acquisition was made through dividend equivalents awarded pursuant to outstanding restricted stock unit awards under the CDW Corporation Long-Term Incentive Plan.
• Following this transaction, Kelly J. Grier directly beneficially owns 2,430.5 shares of CDW common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, even through automatic dividend equivalents, generally indicates continued alignment with shareholder interests and confidence in the company's long-term incentive plan.

Positives

• A director's acquisition of shares, even through dividend equivalents, indicates continued alignment of management interests with shareholders.
• The transaction is part of the company's Long-Term Incentive Plan, suggesting ongoing employee and director retention and motivation strategies.

Future Outlook

Not applicable as this is a transactional filing reporting a past event.

Industry Context

This filing is specific to an individual director's share ownership and does not provide broader industry context or trends.

Related Party Transactions

• Acquisition of common stock by a director (Kelly J. Grier) through dividend equivalents from restricted stock unit awards granted by CDW Corporation.

Stakeholder Impact

• Shareholders: The transaction increases the director's direct ownership, further aligning her financial interests with those of the shareholders.

Key Dates

Recommendation

This Form 4 reports a routine acquisition of shares by a director through dividend equivalents from existing restricted stock units. It does not provide new fundamental information to alter an investment recommendation, thus a 'hold' stance is maintained.

Keywords

CDW, Form 4, Insider Transaction, Director, Stock Acquisition, Dividend Equivalents, Restricted Stock Units, 10b5-1 Plan