White Steven Andrew 4

What Happened
Steven Andrew White, a director of W.W. Grainger (GWW), was granted 5 deferred stock units (acquired) valued at $1,144.73 each (total ~$5,724) on March 1, 2026. On the same date he recorded a gift of 5 units (disposed) and an acquisition of 5 units (gifted to spouse then moved into a family trust), all reported as derivative transactions.

Key Details

• Transaction date: March 1, 2026. Grant: 5 units @ $1,144.73 each (total ~$5,724). Gifts: 5 units disposed and 5 units acquired at $0.00 (gift transfers).
• Shares owned after the transaction: not specified in this filing.
• Footnotes of note:
  • F1: 1-for-1 conversion noted.
  • F2: The deferred stock units are expected to settle into common shares on a one-for-one basis after the director’s service ends.
  • F3: The units were gifted to the reporting person’s spouse, then transferred by the spouse into a family trust where the reporting person is trustee and primary beneficiary; the reporting person retains voting and investment power over those units.
• Filing timeliness: no late-filing indicator shown.

Context

• These were derivative deferred stock units (not an open-market purchase or option exercise). DSUs typically convert to actual shares after service ends and are often used for director compensation.
• Gifts are transfers of ownership and do not necessarily signal buying or selling sentiment about the company’s stock.