NELMS DAVID W 4

What Happened

• David W. Nelms, a director of CDW Corp (CDW), was awarded 160.9 shares on June 10, 2026. The filing reports an acquisition value of $129.30 per share, totaling $20,804. This was reported on a Form 4 filed June 12, 2026.
• This transaction is recorded as an award (code A) — specifically dividend equivalents credited under existing restricted stock unit (RSU) awards, not an open-market purchase.

Key Details

• Transaction date: 2026-06-10; Filing date: 2026-06-12 (appears timely).
• Shares acquired: 160.9; Implied price/value: $129.30 per share; Total value: $20,804.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote: F1 — "Dividend equivalents awarded pursuant to outstanding restricted stock unit awards previously granted under the CDW Corporation Long‑Term Incentive Plan."
• No 10b5-1 plan, tax-withholding sale, or option exercise is indicated in this filing.

Context

• Dividend equivalents on RSUs are compensation-related credits that convert cash dividends into additional share units; they are common and reflect plan mechanics rather than an independent market buy or sell.
• Such awards are routine for equity plan participants and should be interpreted as compensation activity rather than a direct insider endorsement or rejection of the stock.