TAN HANG 4

What Happened
Tan Hang, Chief Strategy & Transformation Officer and Executive Vice President at CDW (CDW), was awarded 164.69 shares as dividend equivalents related to outstanding restricted stock unit (RSU) awards. The award is reported at an imputed price of $129.30 per share, for a total value of $21,294. This was an award (code A) — not an open-market purchase or sale — and represents compensation rather than a direct trading signal.

Key Details

• Transaction date: 2026-06-10; Form 4 filed 2026-06-12 (appears timely)
• Transaction type: Grant / award (code A) — dividend equivalents on RSUs
• Shares awarded: 164.69; price used for reporting: $129.30; total value: $21,294
• Shares owned after transaction: Not disclosed in this Form 4
• Footnote: Dividend equivalents awarded pursuant to outstanding RSU awards under the CDW Corporation Long-Term Incentive Plan
• No purchase (P) or sale (S) reported in this filing

Context
Dividend-equivalent awards on RSUs are common compensation adjustments and do not reflect an open-market buy or sell by the insider. Such awards are typically administrative and part of long-term incentive pay rather than a direct indicator of insider sentiment.