LOCY PETER R 4

What Happened

• Peter R. Locy, SVP Controller & Chief Accounting Officer of CDW Corp (CDW), had 328.98 performance shares vest on Feb 13, 2026 (reported on Form 4 filed Feb 18, 2026). The award is recorded as an acquisition (vesting) of 328.98 shares at $0.00 (footnote: vested performance shares).
• Simultaneously, 163.18 of those shares were disposed to the issuer (withheld) to cover taxes at $126.86 per share, generating $20,701 (reported as a disposition). Net shares retained from the vesting = 328.98 − 163.18 = 165.80 shares (approximate value ≈ $21,033 at $126.86).

Key Details

• Transaction date: Feb 13, 2026; Form 4 filed Feb 18, 2026 (period of report: Feb 13, 2026).
• Vesting: 328.98 performance shares granted previously (footnote F1).
• Tax withholding: 163.18 shares withheld to cover taxes (footnote F2); withheld price shown as $126.86 per share; proceeds $20,701.
• Shares owned after transaction: not specified in the filing.
• Filing timeliness: filing lists the transaction date and the filing date; check the Form 4 for any timeliness flag if this is a concern.

Context

• This was not an open-market purchase or sale for investment; it reflects the vesting of previously granted performance shares with a portion withheld to satisfy tax obligations (common practice called tax-withholding or “net settlement”).
• Such vesting events are routine compensation-related transactions and do not by themselves indicate an insider buying or selling stock for investment reasons.