Form 4: CDW Exec Reports Tax-Related Stock Disposition

CDW Corporation's Chief Human Resources Officer, Katherine Elizabeth Sanderson, reported a disposition of 2,572 shares of common stock to cover tax obligations related to restricted stock unit awards.

Summary

• Katherine Elizabeth Sanderson, Chief Human Resources Officer and Executive Vice President, Coworker Success at CDW Corp, reported a transaction on September 16, 2025.
• The transaction involved the disposition of 2,572 shares of CDW common stock.
• These shares were withheld to cover taxes incurred in connection with the settlement of previously granted restricted stock unit awards under the CDW Corporation Long-Term Incentive Plan.
• The shares were valued at $163.13 per share for the purpose of this transaction.
• Following this transaction, Katherine Elizabeth Sanderson beneficially owns 19,328.61 shares of CDW common stock.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary disposition of shares to cover tax obligations arising from the vesting of restricted stock units, a standard component of executive compensation. It does not reflect a discretionary sale or purchase decision by the insider and therefore has a neutral sentiment.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

The disposition of shares to cover tax liabilities upon the vesting of restricted stock units is a common and routine event in executive compensation across various industries. It reflects the standard practice for managing equity-based awards.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary tax-related transaction and not indicative of management's view on the company's future prospects.
• Employees: No direct impact mentioned.

Key Dates

Keywords

CDW, Form 4, insider transaction, stock disposition, RSU, tax withholding, executive compensation, Rule 10b5-1