NELMS DAVID W 4

What Happened

• David W. Nelms, a director of CDW Corporation (ticker: CDW), received an award of 236 restricted stock units (RSUs) on April 1, 2026. The reported acquisition price is $0.00 (award), so the transaction value is shown as $0. These RSUs are fully vested awards granted in lieu of the annual director cash retainer; settlement into shares has been deferred under the applicable award agreement.

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-03 (timely).
• Transaction type/code: Award/Grant (A).
• Amount: 236 RSUs granted at $0.00 (reported value $0).
• Adjustment note: The 236 figure includes an addition of 9.5 shares representing dividend equivalent awards (per footnote F2) that were inadvertently omitted from a prior Form 4 filed March 12, 2026.
• Footnote (F1): Grant is fully vested RSUs under the CDW Long-Term Incentive Plan and was granted in lieu of cash; settlement deferred.
• Shares owned after transaction: Not specified in the provided filing details.

Context

• RSU awards given in lieu of cash retainer and with deferred settlement are routine director compensation and do not represent an open-market buy or sell. Because these are compensation awards (not purchases), they should be interpreted as pay-related grants rather than a direct insider signal of buying or selling interest. The filing corrects a prior omission by adding dividend-equivalent units.