KLEIN CHRISTOPHER J 4

What Happened
Christopher J. Klein, a director of W.W. Grainger, was granted a deferred stock unit award on 2026-03-01. The Form 4 reports 0 shares acquired (derivative) with a listed per‑unit amount of $1,144.73 and an aggregate value of $0 because the number of deferred stock units awarded was less than one unit.

Key Details

• Transaction date: 2026-03-01; Form 4 filed 2026-03-03 (appears timely).
• Transaction type: Award/Grant (derivative deferred stock units), reported as 0 shares acquired.
• Reported per-unit figure: $1,144.73; aggregate reported value: $0.
• Shares owned after the transaction: not disclosed in the provided filing details.
• Footnotes: F2 states the number of deferred stock units acquired was less than one; F3 notes these DSUs are expected to settle in shares on a 1-for-1 basis after the director’s service ends; F1 indicates a 1-for-1 settlement ratio.
• Implication: This was an awarded, not purchased, transaction and is immaterial in size (no shares issued).

Context
Deferred stock units (DSUs) are commonly used for director compensation and generally settle into common shares (per the filing) after service ends. Because this award was smaller than one unit and resulted in no immediate shares, it is immaterial for most investors and does not by itself signal insider buying or selling intent.