Form 4: CDW Executive Acquires Shares via Dividend Reinvestment

CDW Corporation's Chief Commercial Officer, Elizabeth H. Connelly, acquired 41.07 shares of common stock through dividend equivalents from restricted stock units.

Summary

• Elizabeth H. Connelly, Chief Commercial Officer and Executive Vice President of CDW Corporation, acquired additional shares of the company's common stock.
• The transaction involved the acquisition of 41.07 shares of CDW common stock.
• The shares were acquired at a price of $149.54 per share.
• This acquisition resulted from dividend equivalents awarded pursuant to outstanding restricted stock unit awards previously granted under the CDW Corporation Long-Term Incentive Plan.
• Following this transaction, Connelly beneficially owns a total of 22,392.29 shares of CDW common stock.
• The transaction is dated December 10, 2025, and was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged purchase or sale plan.

Sentiment

Score: 6

Explanation: Slightly positive, as it reflects continued executive ownership and alignment with shareholder interests through a routine compensation mechanism. No negative implications are present.

Positives

• The acquisition of shares by an executive, even through dividend reinvestment, demonstrates continued alignment of management interests with shareholders.
• The transaction was executed under a Rule 10b5-1 plan, which indicates a structured and pre-planned approach to equity compensation and ownership.

Future Outlook

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

Industry Context

This insider transaction is specific to CDW Corporation and its executive compensation structure, and does not directly relate to broader industry trends or competitor activities.

Stakeholder Impact

• Shareholders: The transaction demonstrates continued executive ownership and alignment with shareholder interests through equity compensation mechanisms.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary acquisition of shares by an executive through dividend reinvestment on existing restricted stock units. While it shows continued executive alignment, it does not provide new fundamental information about the company's performance or strategic direction that would warrant a change in investment recommendation. It is an expected event within the scope of executive compensation.

Keywords

CDW Corporation, CDW, Form 4, Insider Transaction, Stock Acquisition, Dividend Reinvestment, Restricted Stock Units, Executive Compensation, Elizabeth H. Connelly, Chief Commercial Officer