Form 4: Grainger Director Reports DSU Transactions

W.W. Grainger Director Katherine D. Jaspon reported the acquisition and disposition of deferred stock units, maintaining her beneficial ownership.

Summary

• Director Katherine D. Jaspon reported transactions involving Deferred Stock Units (DSUs) on September 1, 2025.
• She acquired 4 DSUs directly at a price of $1,013.5 per unit.
• Subsequently, she disposed of 4 DSUs directly at a price of $0, resulting in zero direct beneficial ownership after these specific transactions.
• Additionally, 4 DSUs were disposed of from her indirect holdings, specifically from a Family Trust, at a price of $0.
• Following these reported transactions, Ms. Jaspon's direct beneficial ownership of DSUs is 0, and her indirect beneficial ownership through the Family Trust is 1,552 DSUs.
• Each DSU is convertible into one share of common stock and is expected to settle upon the end of her service as a director.

Sentiment

Score: 5

Explanation: The filing is a routine insider transaction report, indicating neutral sentiment. The net effect on total beneficial ownership is a slight decrease, but this is common for compensation-related transactions and does not suggest a significant shift in company outlook or director confidence.

Positives

• The acquisition of 4 Deferred Stock Units at a value of $1,013.5 per unit indicates continued equity participation by a director, even if subsequently disposed of as part of a compensation or tax-related event.

Negatives

• The disposition of 4 Deferred Stock Units from the Family Trust holdings, reducing indirect ownership, represents a slight decrease in the director's overall beneficial ownership, though the reason (e.g., tax planning) is not specified.

Future Outlook

Deferred Stock Units are expected to settle in shares of common stock on a one-for-one basis following the end of service as a director.

Industry Context

This filing is a routine disclosure of insider transactions and does not provide information relevant to broader industry trends or competitive analysis.

Corporate Governance

Related Party Transactions

• The indirect beneficial ownership of 1,552 Deferred Stock Units is held in a Family Trust where Ms. Jaspon's spouse serves as a co-trustee, and her spouse and any mutual descendants are beneficiaries. The disposition of 4 DSUs from this trust constitutes a related party transaction.

Stakeholder Impact

• Shareholders: Provides transparency regarding director equity holdings and transactions, which is standard for corporate governance. The net decrease of 4 DSUs is minor and unlikely to significantly impact shareholder perception or company valuation.

Next Steps

• Deferred Stock Units are expected to settle into common stock shares upon Katherine D. Jaspon's end of service as a director.

Key Dates

Keywords

W.W. Grainger, GWW, Katherine D. Jaspon, Director, SEC Form 4, Beneficial Ownership, Deferred Stock Units, Insider Transaction, Equity Compensation