CDW Corp. reported an insider ownership change for David W. Nelms on July 1, 2026, involving the company’s common stock, par value $0.01 per share. The Form 4 was filed on July 6, 2026, and was signed by Stephanie Tso as attorney-in-fact for the reporting person. The transaction reflects a grant of fully vested restricted stock units under the CDW Corporation Long-Term Incentive Plan. According to the explanatory note, the award was issued in lieu of cash compensation for the annual director retainer. The retainer-related equity will be granted quarterly in arrears, meaning the award corresponds to director compensation earned for a prior quarterly service period. The filing also states that settlement of the restricted stock units into shares of CDW common stock has been deferred under the applicable award agreement. As a result, although the RSUs were fully vested at grant, the underlying shares will not be delivered immediately and instead will be settled at a later time according to the deferral terms. The document excerpt does not provide the number of RSUs granted, a transaction price, transaction code, or Nelms’s post-transaction beneficial ownership. The key reported action is therefore a non-cash director compensation award: fully vested deferred-settlement RSUs granted to David W. Nelms under CDW’s long-term incentive plan in place of a cash annual retainer.