Cdw chief commercial officer Connelly sells $3.67m in stock

Elizabeth H. Connelly, Chief Commercial Officer and Executive Vice President at CDW Corp (NASDAQ:CDW), sold shares worth approximately $3.67 million and acquired shares valued at about $2.59 million on August 7, 2026, according to a recent SEC filing. The transaction occurred with CDW trading at $139.42, near Connelly’s sale price, though InvestingPro analysis suggests the stock remains undervalued based on its Fair Value assessment.

Ms. Connelly disposed of 26,695 shares of CDW common stock at an average price of $137.62 per share. These sales occurred in multiple transactions, with prices ranging from $137.345 to $137.978.

Simultaneously, Ms. Connelly acquired 26,695 shares through the exercise of employee stock options. These shares were acquired at prices ranging from $95.57 to $98.21 per share. The acquired shares consisted of two tranches: 11,795 shares at $95.57 and 14,900 shares at $98.21. These acquisitions were linked to employee stock options granted under the CDW Corporation Long-Term Incentive Plan. The 11,795 options had vested in thirds on February 25, 2020, 2021, and 2022, while the 14,900 options had vested in thirds on March 9, 2021, 2022, and 2023.

Following these transactions, Ms. Connelly directly holds 34,215.46 shares of CDW Corp common stock. For investors seeking deeper insights into CDW’s valuation and insider activity patterns, the company is among the 1,400+ US equities covered by comprehensive Pro Research Reports, available exclusively on InvestingPro.

In other recent news, CDW reported its second-quarter 2026 earnings, surpassing Wall Street expectations in both profit and revenue. The company achieved adjusted earnings of $2.91 per share, exceeding the forecast of $2.79. CDW’s revenue reached $6.57 billion, which was higher than the estimated $6.20 billion. Despite these strong results, the company faced concerns over margin pressure and a cautious near-term outlook. Additionally, CDW’s free cash flow conversion was noted as weaker, contributing to investor apprehension. The company’s recent developments highlight its record quarterly results, with net sales reaching $6.6 billion. While the earnings performance was strong, market reactions were mixed due to the outlined challenges.