Watson Lucas E 4

What Happened

• Lucas E. Watson, a director of W.W. Grainger (GWW), received equity awards on April 29, 2026 as board compensation. The Form 4 shows two award entries: 176 derivative units reported at $0 and 112 deferred stock units at $1,160.14 each (totaling $129,936). In sum, 288 units were granted/recorded on that date.
• This transaction is an award/grant (code A) — not an open-market purchase or sale — and represents deferred/derivative compensation rather than an immediate cash purchase or sale.

Key Details

• Transaction date: 2026-04-29; Form 4 filed: 2026-05-01 (timely filing).
• Awards: 176 units @ $0 (derivative); 112 deferred stock units @ $1,160.14 each = $129,936; total 288 units.
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — held in the Lucas E. Watson Trust (reporting person is trustee); F2 — 1-for-1; F3 — deferred stock units are expected to settle into common shares on a one-for-one basis following end of service as a director; F4 — units were received in lieu of cash compensation.
• No indication of a 10b5-1 plan or immediate sale; transaction code is A (award/grant).

Context

• Deferred stock units are a common way to receive director compensation and generally convert to actual shares at a later date (here, one-for-one after end of service). Such awards are routine compensation and do not by themselves indicate buying or selling sentiment by the insider.