NOVICH NEIL S 4

What Happened

• Neil S. Novich, a director of W.W. Grainger (GWW), was granted 67 deferred stock units (reported as a derivative award) on 2026-06-01. The award was valued at $1,234.24 per unit for a total grant value of $82,694. This is an award/compensation event (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-06-01; Form 4 filed 2026-06-02 (filed within normal reporting window).
• Transaction type: Award/Grant (code A), derivative security reported.
• Units granted: 67; per-unit value: $1,234.24; total value: $82,694.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes: F1 indicates 1-for-1; F2 states the deferred stock units are expected to settle into common shares on a one-for-one basis following the end of Novich’s service as a director.

Context

• Deferred stock units (DSUs) are a form of compensation that typically convert into company shares at a later date (here, after end of service). This award does not represent an open-market buy or sale and therefore is not a direct signal of immediate trading intent. Such grants are common for non-employee directors as part of routine compensation.