CDW Corp Director David W. Nelms Receives Quarterly Retainer Grant of 258 Shares

Insider Transaction Analysis: CDW Corp ($CDW)

Executive Summary

On October 5, 2026, CDW Corp director David W. Nelms filed a Form 4 detailing an acquisition of 258 shares of CDW Common Stock on October 1, 2026. The transaction represents a grant of fully vested restricted stock units (RSUs) awarded in lieu of cash compensation for the director's quarterly retainer fee.

Transaction Details

• Security: Common Stock, par value $0.01
• Transaction Code: A (Grant, award, or other acquisition pursuant to an employee benefit plan)
• Shares Acquired: 258 shares
• Price per Share: $0.00
• Ownership Type: Direct
• Post-Transaction Holdings: 51,820.61 shares

Context and Significance

• Routine Director Compensation: Per the filing footnotes, this transaction was executed under the CDW Corporation 2021 Long-Term Incentive Plan as part of quarterly director compensation in lieu of cash retainer fees. Settlement into actual common stock shares has been deferred in accordance with the applicable award agreement.
• Significance Level: Low. The transaction does not reflect open-market sentiment or discretionary capital deployment, but rather standard, scheduled board equity compensation.