LEAHY CHRISTINE A 4
Research Summary
AI-generated summary
CDW CEO Christine Leahy Receives Award; Withholds Shares for Taxes
What Happened
- Christine A. Leahy, Chair, President and Chief Executive Officer of CDW Corp (CDW), had 13,846.71 performance shares vest on 2026-02-13 (reported on Form 4 filed 2026-02-18). These vested shares were recorded at $0 acquisition cost (award vesting).
- At vesting, 6,158.5 of those shares were surrendered to the issuer to cover taxes at a price of $126.86 per share, resulting in $781,267 withheld. The net increase in her holdings from the vesting was 7,688.21 shares (13,846.71 vested − 6,158.5 withheld).
Key Details
- Transaction date: 2026-02-13; Form 4 filed: 2026-02-18 (appears to be filed after the typical 2-business-day deadline).
- Award: 13,846.71 performance shares vested (footnote: F1 — vesting of previously granted performance shares).
- Tax withholding: 6,158.5 shares withheld/surrendered to issuer to cover taxes (footnote: F2).
- Price for withheld shares: $126.86 per share; total value withheld ≈ $781,267.
- Shares indirectly held through a family trust (footnote: F3).
- The filing does not state Leahy’s total CDW shareholdings after these transactions; net increase from the vesting was 7,688.21 shares.
Context
- This was not an open-market sale or purchase: it was the routine vesting of performance-based equity and the common practice of withholding shares to satisfy tax obligations. Such withholding transactions are administrative and do not necessarily indicate trading sentiment.