Jaspon Katherine D. 4

What Happened

• Katherine D. Jaspon, a director of W.W. Grainger (GWW), was granted deferred stock units on April 29, 2026. The Form 4 shows two awards: 176 units recorded at $0.00 per unit and 112 deferred stock units recorded at $1,160.14 per unit (112 × $1,160.14 = $129,936). Both awards are reported as derivative grants (transaction code A).

Key Details

• Transaction date: 2026-04-29; Filing date: 2026-05-01 (reports these grants).
• Grants: 176 units @ $0.00 (derivative); 112 units @ $1,160.14 (derivative), totaling 288 deferred units and $129,936 of reported value for the 112-unit award.
• Shares owned after the transaction: not specified in this filing.
• Footnotes: F2/F3 — the deferred stock units are expected to settle one-for-one into common shares following end of service and were received in lieu of cash board compensation. F4 — some shares are held in a trust for which Ms. Jaspon’s spouse is co-trustee and beneficiaries include her spouse and descendants.
• No indication in the filing that this was a sale, 10b5-1 plan, tax withholding event, or a late report.

Context

• These are deferred stock unit awards (derivative grants) that typically convert to common shares one-for-one when the director’s service ends; they are a form of non-cash board compensation rather than an open-market purchase or sale. Such grants are routine compensation disclosures and do not by themselves indicate a director’s market view.