Merriwether Deidra C 4

What Happened
Deidra Merriwether, Senior Vice President & Chief Financial Officer of W.W. Grainger (GWW), exercised 2,339 stock options on 2026-03-24 at a strike price of $311.26 (cost ≈ $728,037). The same day she sold the 2,339 shares in multiple open-market transactions for aggregate gross proceeds of about $2,490,394. The filing also records the option conversion/cancellation associated with the exercise.

Key Details

• Transaction date: 2026-03-24; Form 4 filed 2026-03-25 (timely filing).
• Exercise: 2,339 shares acquired at $311.26 each — total cash paid ≈ $728,037.
• Sales: 2,339 shares sold in multiple trades at weighted average prices between ~$1,044.54 and ~$1,072.93 depending on the lot; total proceeds ≈ $2,490,394.
• Net: She acquired and dispositioned the same number of shares the same day (effectively a cashless exercise).
• Footnotes: Transactions were executed pursuant to a Rule 10b5-1 trading plan adopted Dec 23, 2025 (F1). Several sale lines report weighted-average prices with specified price ranges and the filer offers to provide a breakdown on request (F2–F13). Option vesting history is noted (fully vested; original vesting 2020–2022) (F14).
• Shares owned after transaction: Not stated in the excerpt provided on this summary (check the full Form 4 for post-transaction beneficial ownership).

Context

• This is a common pattern where an insider exercises vested options and immediately sells the underlying shares (often to cover the strike cost and taxes); it does not on its own signal a long- or short-term view of the company.
• The presence of a 10b5-1 trading plan indicates the sales were pre-arranged under an approved automated plan (helps establish they followed a pre-set schedule).

If you want, I can pull the full Form 4 text to confirm post-transaction beneficial ownership or provide a per-lot price breakdown referenced in the footnotes.