SANTI ERNEST SCOTT 4

What Happened

• S. Ernest Scott, a director of W.W. Grainger (GWW), received an award of 21 deferred stock units (derivative shares) on 2026-03-01. Each unit was valued at $1,144.73, for a total award value of $24,039. This was an equity compensation grant (award), not an open-market purchase or sale.

Key Details

• Transaction date and value: 2026-03-01; 21 units × $1,144.73 = $24,039.
• Security type: Deferred stock units (derivative), expected to settle into common stock.
• Settlement: Footnotes indicate a one-for-one conversion to common shares after end of director service (F1, F2).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing date/timeliness: Form filed 2026-03-03 covering the 2026-03-01 grant; appears to be filed within the normal Form 4 reporting window.

Context

• These deferred stock units are compensation for board service and will convert to common shares one-for-one after Mr. Scott’s service ends. Such awards are routine director compensation and do not by themselves indicate a buy or sell decision in the market.