CONNELLY ELIZABETH H. 4

What Happened

• Elizabeth H. Connelly, Chief Commercial Officer and EVP of CDW Corp (CDW), had 2,085.88 performance shares vest on Feb 13, 2026 (reported as an award). To cover taxes on the vesting, 971.34 of those shares were withheld by the issuer and disposed at $126.86/share for $123,224. Net shares retained from the vesting were 1,114.54.

Key Details

• Transaction date: 2026-02-13
• Award (vesting): 2,085.88 shares acquired (code A) at $0.00 (vesting of performance shares; F1)
• Withholding/disposition to issuer: 971.34 shares disposed (code D) at $126.86 for $123,224 to cover taxes (F2)
• Net new shares retained: 1,114.54 (2,085.88 − 971.34)
• Filing date: 2026-02-18 — Form 4 was filed late (more than the typical 2 business days)
• Shares owned after transaction: not disclosed in the provided filing

Context

• These were vested performance shares (not an open-market buy or speculative sale). The 971.34-share disposition is a routine tax-withholding by the issuer (common for vested awards) and is reported as a disposition to the company. Such withholding is a contractual/administrative action and not a market sale by the insider. The late filing is procedural — it does not change the nature of the award but is notable for compliance tracking.