Jaspon Katherine D. 4

What Happened
Katherine D. Jaspon, a director of W.W. Grainger (GWW), received a grant of 3 deferred stock units (derivative award) on 2026-06-01 valued at $1,234.24 each, for a total fair value of $3,703. The same filing also reports two gift transactions on 2026-06-01: a disposition of 3 derivative shares as a gift and an acquisition of 3 derivative shares as a gift (both reported at $0.00). The primary economic event is the small director award; the gift entries reflect transfers and do not necessarily indicate buying or selling for investment intent.

Key Details

• Transaction date(s): 2026-06-01 (filed 2026-06-02; timely).
• Grant: 3 deferred stock units @ $1,234.24 each = $3,703 (code A; derivative).
• Gifts: 3 derivative units disposed @ $0.00 and 3 derivative units acquired @ $0.00 (code G).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 indicates 1-for-1 conversion; F2 notes the deferred stock units are expected to settle into common shares on a one-for-one basis after Jaspon’s service as a director ends; F3 describes shares held in a trust where Jaspon’s spouse is co‑trustee and beneficiaries include spouse and mutual descendants.
• Filing timeliness: Reported the next day (no late filing indicated).

Context
Deferred stock units are a form of compensation that typically convert to actual shares at a future date (here, one-for-one at end of service) and are reported as derivative transactions. Gift transfers are administrative and do not necessarily reflect the insider’s market view. The monetary value here is small (~$3.7K), consistent with routine director awards and trust transfers rather than a material insider buy or sell.