Dell (DELL) Director David J. Grain Receives Award of 633 DSUs

What Happened
David J. Grain, a director of Dell Technologies Inc. (DELL), received a grant of 633 deferred stock units (DSUs) on 2026-09-24. The reported acquisition price is $0.00 (no cash paid). These DSUs are an award (transaction code A) and are not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-24; Filing date: 2026-09-28 (filed within required window).
• Grant: 633 deferred stock units (DSUs); reported price $0.00.
• Vesting: DSUs vest in full on the first anniversary of Dell’s June 25, 2026 annual meeting (i.e., June 25, 2027), contingent on continued service.
• Shares owned after transaction: not disclosed in this Form 4.
• Footnote: DSUs represent a right to receive shares in the future upon vesting, not immediately tradable stock.

Context
DSUs are a form of deferred compensation commonly granted to directors; they typically convert to company shares (or equivalent value) at vesting. Because this is a compensation grant rather than a purchase or sale, it does not directly signal buying/selling intent in the market but does increase the director’s future equity stake if fully vested.