NELMS DAVID W 4

What Happened David W. Nelms, a director of CDW Corp (ticker: CDW), received a grant of 1,609 restricted stock units (RSUs) on March 5, 2026. The Form 4 reports the acquisition price as $0.00 (award/grant, code A). This is a grant of compensation equity rather than a purchase or sale of already outstanding shares.

Key Details

• Transaction date: 2026-03-05; Form 4 filed 2026-03-09 (within the two business-day filing window).
• Award: 1,609 restricted stock units; acquisition price reported $0.00.
• Vesting: RSUs vest on the first anniversary of the grant (i.e., ~2027-03-05).
• Settlement: Per filing footnote, settlement into CDW common stock has been deferred until Nelms’ separation from service on the Board.
• Shares owned after the transaction: not specified in the provided filing details.

Context RSUs are a form of equity compensation that typically convert into shares after vesting; this grant vests after one year but will not be settled into shares until Nelms leaves the board, so no immediate shares were issued or sold. Grants to non-employee directors are common and reflect compensation, not necessarily a signal of insider buying or selling intent.