Form 4: CDW Executive Acquires Shares via Dividend Equivalents

CDW's Senior VP, Controller, and Chief Accounting Officer, Peter R. Locy, acquired 8.01 shares of common stock through dividend equivalents.

Summary

• Peter R. Locy, Senior Vice President, Controller and Chief Accounting Officer of CDW Corp, acquired 8.01 shares of common stock.
• The transaction occurred on December 10, 2025, at a price of $149.54 per share.
• These shares were acquired as dividend equivalents awarded pursuant to outstanding restricted stock unit awards previously granted under the CDW Corporation Long-Term Incentive Plan.
• Following this transaction, Peter R. Locy beneficially owns 3,366.71 shares of CDW common stock.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as an executive is increasing their stake, albeit through a routine compensation mechanism rather than an open market purchase, indicating continued alignment with shareholder interests.

Positives

• An executive, Peter R. Locy, increased his beneficial ownership in CDW Corp, which can signal confidence in the company's future performance.

Future Outlook

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

Industry Context

This is a routine insider transaction related to executive compensation, specifically dividend equivalents on restricted stock units. It does not provide direct insights into broader industry trends or competitive landscape but reflects standard practices in executive incentive plans.

Stakeholder Impact

• Shareholders: The transaction slightly increases executive ownership, aligning management interests with shareholders, though the impact is minimal due to the small number of shares.

Key Dates

Recommendation

This Form 4 filing reports a routine acquisition of a small number of shares by an executive through dividend equivalents on existing restricted stock units. It does not provide new information that would alter the fundamental investment thesis for CDW, thus a 'hold' recommendation remains appropriate based solely on this filing.

Keywords

CDW, Form 4, Insider Transaction, Stock Acquisition, Dividend Equivalents, Restricted Stock Units, Executive Compensation