Swedish Joseph 4

What Happened

Director Swedish Joseph received a grant of 208 restricted stock units (RSUs) on July 1, 2026. The reported acquisition price is $0.00 (this is an award, not a cash purchase or sale). The filing lists the grant value as $0 on the Form 4 because these RSUs were granted in lieu of the cash director retainer; actual market value will depend on CDW common stock price at settlement.

Key Details

• Transaction date: 2026-07-01 — Grant (code A) of 208 RSUs at $0.00 per unit.
• Filing date (accession): 2026-07-06 for period 2026-07-01. Form 4s are typically due within 2 business days of the transaction; this filing was submitted 5 days after the grant.
• Shares owned after the transaction: not specified in the provided excerpt.
• Footnote: The grant is fully vested RSUs under the CDW Corporation Long‑Term Incentive Plan, issued in lieu of the annual director cash retainer and granted quarterly in arrears. Settlement into shares has been deferred per the award agreement.

Context

RSUs are compensation awards that convert into company shares (or cash equivalent) at settlement; because settlement is deferred, these units do not necessarily represent shares currently held or sold. Grants to non-employee directors in lieu of cash retainers are routine and generally reflect compensation practices rather than an insider buying or selling based on company outlook. Monitor future filings for settlement details or any subsequent sales.