TAN HANG 4

What Happened

• Tan Hang, Chief Strategy & Transformation Officer and Executive Vice President of CDW Corp (CDW), received an award of 33,802 restricted stock units (RSUs) on May 11, 2026. The reported acquisition price is $0.00 (award/grant).
• This is a compensation award (transaction code A), not an open-market purchase or sale. The RSUs convert to shares only as they vest.

Key Details

• Transaction date reported: 2026-05-11; Form 4 filed: 2026-05-13 (reporting period: 2026-05-11).
• Shares awarded: 33,802 RSUs; reported acquisition price: $0.00.
• Vesting: One-third of the RSUs vest on each of May 11, 2027, 2028, and 2029 (per footnote F1).
• Shares owned after transaction: not specified in the filing.
• No tax withholding, sale, or 10b5-1 plan noted in the filing.
• This is an award (compensation), which is common for executive pay and does not by itself indicate an immediate bullish or bearish signal.

Context

• RSUs are time-based awards that become actual shares only as they vest; recipients typically cannot sell or transfer unvested RSUs.
• For retail investors, compensation grants are useful to track executive alignment with shareholders, but they are routine and do not necessarily reflect the insider's view of near-term stock performance.