Adkins Rodney C 4

What Happened

• Rodney C. Adkins, a director of W.W. Grainger (GWW), received a grant of 176 deferred stock units on 2026-04-29. The units were recorded at $0.00 per unit (derivative award) and are expected to convert to common stock on a one-for-one basis after his service as a director ends.
• This was an award/grant (transaction code A), not a purchase or sale, and represents compensation rather than an open-market investment.

Key Details

• Transaction date: 2026-04-29; Filing date: 2026-05-01 (filed timely).
• Price: $0.00 per unit; 176 units granted (derivative securities).
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnotes: F1 indicates 1-for-1 conversion; F2 states deferred stock units will settle in shares one-for-one following end of service as a director.
• Transaction type: Award of deferred stock units (A); not a sale or purchase.

Context

• Deferred stock units (DSUs) are a form of equity compensation that typically convert to actual shares (or cash) after a director leaves service; they do not represent immediately tradable shares and are common for non-employee directors.
• Because this is a compensation award, it should be viewed as routine board pay rather than a direct bullish or bearish trading signal.