SEC Filing Analysis: CDW Corp (CDW)

Executive Summary

• Trading Significance: Low
• Key Takeaway: Routine director compensation grant via Restricted Stock Units.
• Market Impact: Neutral - transaction is administrative and immaterial to float.

Company Information

Field	Value
Company	CDW Corp
Ticker Symbol	CDW
CIK	0001402057
Industry	Retail-Catalog & Mail-Order Houses

Insider Information

Field	Value
Name	ZARCONE DONNA F
CIK	0001243083
Title/Position	Director
Relationship	Director

Transaction Details

Field	Value
Form Type	4
Transaction Date	2026-03-05
Transaction Code	A (Grant)
Security Type	Common Stock
Shares Involved	1,609
Price Per Share	$0.00
Total Value	$0 (Grant)
Shares Owned After	22,878.83
Ownership Type	Direct

Financial Impact Assessment

Transaction Materiality

Metric	Value
Implied Market Price	~$123.42 (Est. based on Market Cap)
Est. Economic Value	~$198,582
% of Market Cap	~0.0012%
Shares Transacted	1,609
% of Shares Outstanding	~0.0012%
Materiality Assessment	Low

Impact Evaluation

• Market Cap Context: With a market cap of $15.92 billion, this grant is negligible.
• Dilution Impact: The issuance of 1,609 shares against 128.99 million outstanding represents virtually zero dilution.
• Transaction Significance: This is a standard equity award for board service, vesting on the first anniversary of the grant date.

Market Impact Analysis

Stock Impact Prediction

• Direction: Neutral
• Reasoning: Routine compensation grants do not signal insider sentiment regarding stock valuation.

Volume & Sentiment

• Expected Volume Impact: None.
• Sentiment Indicator: Neutral.

Additional Context

Transaction Notes

• Special Circumstances: Footnote indicates these are Restricted Stock Units (RSUs) vesting on the first anniversary of the grant date. Settlement is deferred until separation from service on the Board.