CDW CEO Leahy Reports $579k Share Withholding for Taxes
CDW Corp
Subscribe to track CDW
Premium users can add ticker alerts and receive realtime notification updates.
Filing Summary
CDW CEO Leahy Reports $579k Share Withholding for Taxes
Company: CDW Corp (CDW) Form: 4 | Filed: 2026-03-12 Significance: Low
Insider: LEAHY CHRISTINE A Title: Chair, President, and Chief Executive Officer | Relationship: Director/Officer
Transaction: • Type: Disposition (Tax Withholding) • Shares: 4,872 • Price: $118.91 • Value: $579,391 • Owned After: 188,505
Key Insight: Routine transaction (Code F) representing shares withheld to cover taxes on RSU settlement; not an open market sale.
Market Context: Transaction represents <0.01% of market cap ($15.92B). Neutral event.
Comprehensive Analysis
SEC Filing Analysis: CDW Corp (CDW)
Executive Summary
- Trading Significance: Low
- Key Takeaway: CEO Christine Leahy reported a routine disposition of shares to cover tax obligations associated with RSU settlements.
- Market Impact: Neutral; this is an administrative transaction, not a sentiment-driven sale.
Company Information
| Field | Value |
|---|---|
| Company | CDW Corp |
| Ticker Symbol | CDW |
| CIK | 0001402057 |
| Industry | Retail-Catalog & Mail-Order Houses |
Insider Information
| Field | Value |
|---|---|
| Name | LEAHY CHRISTINE A |
| CIK | 0001215336 |
| Title/Position | Chair, President, and Chief Executive Officer |
| Relationship | Director, Officer |
Transaction Details
| Field | Value |
|---|---|
| Form Type | 4 |
| Transaction Date | 2026-03-12 |
| Transaction Code | F (Payment of Exercise Price or Tax Liability) |
| Security Type | Common Stock |
| Shares Involved | 4,872.52 |
| Price Per Share | $118.91 |
| Total Value | $579,391.35 |
| Shares Owned After | 188,505.57 |
| Ownership Type | Direct |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $579,391 |
| % of Market Cap | 0.0036% |
| Shares Transacted | 4,872 |
| % of Shares Outstanding | 0.0038% |
| Post-Transaction Ownership | 188,505 shares (0.15% of outstanding) |
| Materiality Assessment | Low |
Impact Evaluation
- Market Cap Context: With a market cap of $15.92 billion, a $579k transaction is immaterial to the broader capital structure.
- Ownership Concentration: The insider retains a direct stake of ~188k shares plus ~17k indirect shares, maintaining significant alignment with shareholders.
- Transaction Significance: The transaction represents less than 0.01% of shares outstanding, indicating zero liquidity impact.
Market Impact Analysis
Stock Impact Prediction
- Direction: Neutral
- Reasoning: "Code F" transactions are automatic and administrative. They do not reflect the insider's view on the stock's future performance.
Volume & Sentiment
- Expected Volume Impact: None.
- Sentiment Indicator: Neutral.
Additional Context
Transaction Notes
- Context: The filing also included a grant (Code A) of 363.77 dividend equivalent shares on 2026-03-10.
- Tax Withholding: The primary value driver in this filing is the withholding of 4,872 shares to pay taxes on vested RSUs (Footnote F2).
Get Real-Time Alerts
Join our community to receive instant notifications when high-significance filings are published
Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.