Paige K. Robbins - 01 Apr 2024 Form 4 Insider Report for W.W. GRAINGER, INC. (GWW)

Role
Sr. VP
Signature
/s/ Ronald J. Edwards, by POA from Paige K. Robbins, Sr. VP
Issuer symbol
GWW
Transactions as of
01 Apr 2024
Net transactions value
-$1,598,178
Form type
4
Filing time
03 Apr 2024, 16:39:02 UTC
Previous filing
29 Feb 2024
Next filing
02 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GWW Common Stock Award $0 +1,957 +40% $0.000000 6,866 01 Apr 2024 Direct F1
transaction GWW Common Stock Tax liability $881,999 -867 -13% $1017.30 5,999 01 Apr 2024 Direct F2
transaction GWW Common Stock Award $0 +1,055 +18% $0.000000 7,054 01 Apr 2024 Direct F3
transaction GWW Common Stock Tax liability $238,048 -234 -3.3% $1017.30 6,820 01 Apr 2024 Direct F4
transaction GWW Common Stock Tax liability $256,360 -252 -3.7% $1017.30 6,568 01 Apr 2024 Direct F5
transaction GWW Common Stock Tax liability $221,771 -218 -3.3% $1017.30 6,350 01 Apr 2024 Direct F6
holding GWW Common Stock 11,098 01 Apr 2024 Family Trust F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding GWW Stock Option 2,814 01 Apr 2024 Common Stock 2,814 $231.20 Direct
holding GWW Stock Option 3,904 01 Apr 2024 Common Stock 3,904 $276.64 Direct
holding GWW Stock Option 2,859 01 Apr 2024 Common Stock 2,859 $311.26 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These were performance vested stock units ("PSUs"), granted on January 1, 2021. The Company's performance over the three-year period ended December 31, 2023 achieved a payout equal to 124% of the 2021 PSU program target, as approved by the Board of Directors of the Company (the "Board") acting in executive session with only independent directors participating, on February 21, 2024, upon the earlier determination of the Compensation Committee of the Board.
F2 Shares withheld for tax withholding for the PSU settlement described in footnote 1 above.
F3 April 1, 2024 award of restricted stock units to be settled after vesting by the delivery of unrestricted shares of common stock on a one-for-one basis. This award will vest in three tranches, where 1/3 vests on April 1, 2025, 1/3 vests on April 1, 2026, and the remainder vests on April 1, 2027.
F4 Shares withheld for tax withholding for the partial settlement of the April 1, 2021 award of restricted stock units (RSUs). The RSU award is to be settled after vesting by the delivery of unrestricted shares of common stock on a one-for-one basis. This award will vest in three tranches, where 1/3 vests on April 1, 2022, 1/3 vests on April 1, 2023, and the remainder vests on April 1, 2024.
F5 Shares withheld for tax withholding for the partial settlement of the April 1, 2022 award of restricted stock units (RSUs). The RSU award is to be settled after vesting by the delivery of unrestricted shares of common stock on a one-for-one basis. This award will vest in three tranches, where 1/3 vests on April 1, 2023, 1/3 vests on April 1, 2024, and the remainder vests on April 1, 2025.
F6 Shares withheld for tax withholding for the partial settlement of the April 1, 2023 award of restricted stock units (RSUs). The RSU award is to be settled after vesting by the delivery of unrestricted shares of common stock on a one-for-one basis. This award will vest in three tranches, where 1/3 vests on April 1, 2024, 1/3 vests on April 1, 2025, and the remainder vests on April 1, 2026.
F7 Family trust. The reporting person has voting and investment power with respect to the shares.
F8 The stock option fully vested in three years, where 1/3 vested on April 1, 2020, 1/3 vested on April 1, 2021, and the remainder vested on April 1, 2022.