Watson Lucas E 4

What Happened
Lucas E. Watson, a director of W.W. Grainger (GWW), received an award of 12 deferred stock units (DSUs) on 2026-06-01. The DSUs were valued at $1,234.24 each for a total reported value of $14,811 and were recorded as a derivative acquisition (transaction code A) in the filing.

Key Details

• Transaction date and valuation: 2026-06-01; $1,234.24 per unit; total $14,811.
• Transaction type: Award/Grant of deferred stock units (derivative).
• Holding vehicle: Held in the Lucas E. Watson Trust — the reporting person is the trustee (footnote F1).
• Settlement: DSUs are expected to convert to common shares on a one-for-one basis following the end of his service as a director (footnotes F2/F3).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Filing timeline: Report filed 2026-06-02 for a 2026-06-01 transaction (filed the next business day).

Context
Deferred stock units are a form of compensation that typically convert into actual shares (or cash tied to share value) at a future date or upon leaving service; they do not represent immediate open-market purchases. Such director awards are common and are generally routine compensation rather than a direct signal of the insider’s near-term view on the stock.