Swedish Joseph 4

What Happened
Joseph Swedish, a director of CDW Corporation (CDW), received a grant of 236 fully vested restricted stock units (RSUs) on 2026-04-01. The award was granted in lieu of cash for the annual director retainer, is fully vested, and was issued at $0.00 per share (no cash paid). Settlement into actual CDW common stock has been deferred per the award agreement.

Key Details

• Transaction date: 2026-04-01; transaction type/code: Award/Grant (A).
• Shares granted: 236 RSUs; per-unit price reported: $0.00; total cash value at grant: $0.
• Filing date / Period of report: filed 2026-04-03 for period ending 2026-04-01.
• Shares owned after the transaction: not specified in the provided filing.
• Notable footnotes:
  • F1: Grant is a fully vested RSU under the CDW Long-Term Incentive Plan, issued in lieu of cash retainer and will be granted quarterly in arrears; settlement deferred.
  • F2: The 236-share figure was adjusted to include an additional 1.77 shares representing dividend equivalents from March 10, 2026, which were inadvertently omitted from a prior Form 4 filed March 12, 2026.

Context
Director RSU awards in lieu of cash retainers are routine compensation and are not a buy or sell signal. Because settlement is deferred, these RSUs do not reflect an immediate purchase or sale of shares by the director; dividend-equivalent adjustments simply increase the RSU count to reflect prior dividends.