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CDW Corp (CDW)

AI-Powered SEC Filing Analysis

Quarterly Report Filed: 2026-05-06

Key Insights

  • The filing contains structural XML metadata but lacks substantive financial data, making it impossible to assess Q1 2026 revenue trends, profitability, or year-over-year performance metrics.
  • Multiple debt instruments are tracked (Senior Notes due 2026-2034, revolving credit facilities, term loans) indicating a leveraged capital structure that warrants monitoring of refinancing needs and debt covenant compliance.
  • The filing references four operating segments (Commercial, Government, Education, and Other) with product breakdowns (Hardware, Software, Services), suggesting revenue diversification across channels, though specific segment performance data is not visible in the provided extract.
  • Filing date of May 6, 2026 for Q1 ending March 31, 2026 appears standard for CDW's reporting cadence, but the truncated content prevents analysis of liquidity, cash flow, or material business developments.
Sentiment: Neutral Significance: 2/10
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Current Report Filed: 2026-05-06

Key Insights

  • CDW announced Q1 2026 financial results on May 6, 2026, with a scheduled earnings call at 8:30 a.m. ET, indicating the company is maintaining regular communication with investors regarding operational performance.
  • The Board declared a quarterly cash dividend of $0.630 per share payable June 10, 2026, demonstrating continued capital return to shareholders and confidence in cash generation capabilities.
  • The filing is routine in nature, containing only earnings announcement and dividend declaration without any material agreements, leadership changes, or unexpected corporate events that would significantly impact the stock.
Sentiment: Neutral Significance: 3/10
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Current Report Filed: 2026-05-01

Key Insights

  • CDW realigned its reportable segments effective January 1, 2026 from previous structure to Commercial, Government, and Education segments, plus Other (CDW UK/Canada), which is a structural change for better operational alignment rather than a material business event.
  • Commercial segment dominates revenue (~63% of Q4 2025 net sales at $3.45B) and shows consistent profitability, while Government and Education segments contribute meaningfully but Government segment operating margins appear compressed relative to Commercial.
  • The company updated cost allocation methodology for headquarters functions, distinguishing between direct operating costs and enterprise-wide costs, which affects segment expense reporting but does not restate previously reported consolidated financial statements.
  • Education segment shows volatility in quarterly performance with operating income ranging from $25.3M to $123.0M across periods, suggesting this segment may face seasonal or market-specific challenges requiring investor monitoring.
Sentiment: Neutral Significance: 3/10
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Insider Trading Filed: 2026-04-03

Key Insights

  • DAVID W. NELMS, a director of CDW Corp, has acquired 236 shares of the company's common stock, increasing his direct beneficial ownership to 33,025.12 shares.
  • The acquisition appears to be a grant of fully vested restricted stock units under the company's Long-Term Incentive Plan, which is part of the director's annual compensation.
  • The filing also indicates that the settlement of the restricted stock units into shares of common stock has been deferred pursuant to the applicable award agreement.
Sentiment: Neutral Significance: 3/10
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Insider Trading Filed: 2026-04-03

Key Insights

  • The director, Joseph Swedish, has received a grant of 236 fully vested restricted stock units under the CDW Corporation Long-Term Incentive Plan, likely as part of his annual director compensation.
  • The report shows that Swedish now holds 19,963.45 shares of CDW Corporation common stock, suggesting he maintains a significant ownership stake in the company.
  • The filing includes a correction to the previous Form 4 filed on March 12, 2026, adding 1.77 shares related to dividend equivalent awards that were inadvertently omitted.
Sentiment: Neutral Significance: 4/10
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Current Report Filed: 2026-03-27

Key Insights

  • Sanjay Mehrotra, a director at CDW Corporation, has decided not to stand for re-election at the company's 2026 Annual Meeting of Stockholders. This is a notable leadership change that investors should monitor.
  • Mehrotra's departure does not appear to be related to any disagreements with the company, suggesting an amicable transition.
  • Investors should watch for any updates on the search for a new director to replace Mehrotra and how this may impact the board's composition and strategic direction.
Sentiment: Neutral Significance: 5/10
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Insider Trading Filed: 2026-03-23

Key Insights

  • The reporting person, Katherine Elizabeth Sanderson, is the Chief Human Resources Officer and Executive Vice President of Coworker Success at CDW Corporation.
  • Sanderson disposed of 8.22 shares of CDW common stock through a stock withholding transaction to cover taxes, resulting in a total of 24,434.22 shares beneficially owned.
  • The filing includes a correction to adjust the total shares beneficially owned to reflect the addition of 6.08 dividend equivalent awards, which were previously omitted.
Sentiment: Neutral Significance: 3/10
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Insider Trading Filed: 2026-03-18

Key Insights

  • Insider Katherine Elizabeth Sanderson, the Chief Human Resources Officer and Executive Vice President of Coworker Success, has disposed of 2,204.59 shares of CDW Corporation common stock, potentially signaling a shift in her ownership position.
  • The transaction was executed on March 16, 2026, and the shares were disposed of at a price of $116.16 per share.
  • Following the reported transaction, Sanderson now holds 24,436.36 shares of CDW Corporation common stock, a decrease from her previous position.
Sentiment: Neutral Significance: 4/10
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Insider Trading Filed: 2026-03-09

Key Insights

  • The reporting person, Lynda M. Clarizio, acquired 1,609 shares of CDW Corporation common stock through a grant of restricted stock units under the company's Long-Term Incentive Plan.
  • The restricted stock units vest on the first anniversary of the grant date, which indicates a long-term alignment between the reporting person and the company's shareholders.
  • This transaction increases the reporting person's direct beneficial ownership of CDW Corporation's common stock to 15,718.51 shares.
Sentiment: Positive Significance: 4/10
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Insider Trading Filed: 2026-03-09

Key Insights

  • Elizabeth H. Connelly, the Chief Commercial Officer and Executive Vice President of CDW Corporation, has acquired 11,880 shares of the company's common stock, increasing her direct beneficial ownership to 35,386.83 shares.
  • The acquisition of the shares is through a grant of restricted stock units under the CDW Corporation Long-Term Incentive Plan, which vest in three equal installments over the next three years.
  • This insider transaction suggests Connelly's confidence in the company's future performance and aligns her interests with those of CDW's shareholders.
Sentiment: Positive Significance: 6/10
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Insider Trading Filed: 2026-03-09

Key Insights

  • James A. Bell, a director at CDW Corp, acquired 1,609 restricted stock units and 402 additional restricted stock units as compensation for his role as Lead Independent Director. This indicates continued insider ownership and engagement at the company.
  • The restricted stock units are subject to vesting on the first anniversary of the grant date and settlement is deferred until separation from the board, aligning Bell's interests with long-term shareholder value.
  • The relatively small size of the grants, valued at approximately $0, suggests this is routine director compensation and not a significant change in Bell's ownership stake.
Sentiment: Positive Significance: 4/10
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Insider Trading Filed: 2026-03-09

Key Insights

  • The reporting person, Anthony R. Foxx, acquired 1,609 shares of CDW Corp common stock through a grant of restricted stock units under the company's Long-Term Incentive Plan.
  • The restricted stock units vest on the first anniversary of the grant date and the resulting shares have been deferred for five years following vesting.
  • This transaction suggests the reporting person's continued commitment to and confidence in CDW Corp's long-term growth and performance.
Sentiment: Positive Significance: 5/10
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Insider Trading Filed: 2026-03-09

Key Insights

  • Insider Joseph Swedish, a director at CDW Corp, acquired 1,609 shares of the company's common stock on March 5, 2026 at no cost, indicating his continued commitment to the company.
  • The acquisition of these shares increases Swedish's direct beneficial ownership in CDW to 19,695.14 shares, demonstrating his alignment with shareholders.
  • The restricted stock units granted to Swedish will vest on the first anniversary of the grant date and settlement into shares has been deferred until his separation from the Board of Directors.
Sentiment: Positive Significance: 5/10
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Insider Trading Filed: 2026-03-09

Key Insights

  • David W. Nelms, a director of CDW Corporation, acquired 1,609 shares of common stock through a restricted stock unit grant, increasing his direct beneficial ownership to 32,615.94 shares.
  • This acquisition suggests that Nelms, an insider, has confidence in the company's future and is aligning his interests with those of shareholders.
  • The vesting and settlement of the restricted stock units have been deferred until Nelms' separation from the Board of Directors, indicating a long-term commitment to the company.
Sentiment: Positive Significance: 6/10
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Insider Trading Filed: 2026-03-09

Key Insights

  • Sanjay Mehrotra, a director at CDW Corp, acquired 1,609 shares of common stock at $0 per share. This suggests he believes in the company's long-term prospects.
  • The restricted stock units granted to Mehrotra vest on the first anniversary of the date of grant, aligning his interests with long-term shareholders.
  • Insider buying, especially by a director, can be a positive signal for the company's future performance and shareholder value creation.
Sentiment: Positive Significance: 6/10
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Insider Trading Filed: 2026-03-09

Key Insights

  • The reporting person, Kelly J. Grier, has acquired 1,609 shares of CDW Corp's common stock, increasing their direct beneficial ownership to 4,039.5 shares.
  • This transaction appears to be a grant of restricted stock units under the company's Long-Term Incentive Plan, with the units vesting on the first anniversary of the grant date.
  • Insider transactions like this can provide insights into management's confidence in the company's future performance and their alignment with shareholder interests.
Sentiment: Positive Significance: 5/10
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Insider Trading Filed: 2026-03-09

Key Insights

  • Donna F. Zarcone, a director of CDW Corp, acquired 1,609 shares of the company's common stock on March 5, 2026 at no cost, increasing her total direct ownership to 22,878.83 shares.
  • The acquisition of the shares was through a grant of restricted stock units under the company's Long-Term Incentive Plan, with the shares vesting on the first anniversary of the grant date and settlement deferred until her separation from the Board of Directors.
  • The insider transaction indicates Zarcone's continued confidence in CDW's long-term prospects and alignment with shareholder interests through equity-based compensation.
Sentiment: Positive Significance: 6/10
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Insider Trading Filed: 2026-03-09

Key Insights

  • The reporting person, Virginia C. Addicott, has acquired 1,609 shares of CDW Corp common stock through a restricted stock unit grant, increasing her direct beneficial ownership to 18,405.46 shares.
  • The restricted stock units vest on the first anniversary of the grant date, and settlement into common stock has been deferred for five years following vesting, suggesting a long-term holding strategy by the insider.
  • As a director of CDW Corp, this insider transaction provides insight into the company's leadership's confidence in the long-term outlook and value of the company's stock.
Sentiment: Positive Significance: 6/10
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Insider Trading Filed: 2026-03-09

Key Insights

  • The reporting person, Frederick J. Kulevich, was granted 8,263 restricted stock units (RSUs) under the CDW Corporation Long-Term Incentive Plan. This indicates the company is providing equity-based compensation to incentivize and retain key executives.
  • The RSUs vest in three equal installments over the next three years, which aligns the executive's interests with long-term shareholder value creation.
  • Kulevich's direct beneficial ownership of CDW stock increased to 45,662.81 shares, suggesting he has a significant equity stake in the company and is invested in its future performance.
Sentiment: Positive Significance: 6/10
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Insider Trading Filed: 2026-03-09

Key Insights

  • ALBERT JOSEPH MIRALLEZ JR, the Chief Financial Officer and Executive Vice President of Enterprise Business Operations, has been granted 13,700 restricted stock units (RSUs) under the CDW Corporation Long-Term Incentive Plan. The RSUs vest in one-third increments over three years, indicating potential long-term alignment with shareholder interests.
  • The insider transaction is a direct acquisition of shares, suggesting the executive's confidence in the company's future performance and growth prospects.
  • The vesting schedule for the RSUs aligns with the company's long-term incentive structure, incentivizing the executive to focus on the company's sustained success over the next three years.
Sentiment: Positive Significance: 7/10
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Important Information

AI-generated analysis is for informational purposes only. Always read original SEC filings and consult with qualified professionals before making investment decisions.