Form 4: CDW Executive Peter Locy Increases Stake Through Routine Dividend Equivalent Award

CDW Corporation's Senior Vice President, Controller, and Chief Accounting Officer, Peter R. Locy, has increased his beneficial ownership by 6.62 shares of common stock through a dividend equivalent award.

Summary

• Peter R. Locy, Senior Vice President, Controller and Chief Accounting Officer of CDW Corp, reported a change in beneficial ownership.
• On June 10, 2025, Mr. Locy acquired 6.62 shares of CDW Common Stock, par value $0.01.
• The acquisition was a dividend equivalent award, meaning shares were received pursuant to outstanding restricted stock unit awards previously granted under the CDW Corporation Long-Term Incentive Plan.
• The transaction price for these shares was $0.
• Following this transaction, Mr. Locy beneficially owns a total of 3,351.76 shares of CDW Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates increased insider ownership through a routine compensation mechanism, aligning executive interests with shareholders. There are no negative implications from this specific transaction.

Positives

• The increase in beneficial ownership by a key executive, Peter R. Locy, aligns his interests further with those of shareholders.
• The transaction represents a routine award under an existing long-term incentive plan, indicating stability in executive compensation practices.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a routine insider transaction report for CDW Corporation, an IT solutions provider. It reflects an executive's compensation-related share acquisition rather than broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The transaction slightly increases insider ownership, which can be viewed positively as it aligns management's interests with shareholder value.

Key Dates

Keywords

CDW, Form 4, Insider Trading, Beneficial Ownership, Restricted Stock Units, Dividend Equivalents, Executive Compensation, Peter R. Locy