Paige K. Robbins - Apr 1, 2022 Form 4 Insider Report for W.W. GRAINGER, INC. (GWW)

Role
Sr. VP
Signature
Hugo Dubovoy, Jr., as attorney-in-fact
Stock symbol
GWW
Transactions as of
Apr 1, 2022
Transactions value $
-$412,632
Form type
4
Date filed
4/4/2022, 02:17 PM
Previous filing
Oct 29, 2021
Next filing
Jul 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction GWW Common Stock Award $0 +953 +7.64% $0.00 13.4K Apr 1, 2022 Direct F1
transaction GWW Common Stock Tax liability -$193K -375 -2.79% $515.79 13K Apr 1, 2022 Direct F2
transaction GWW Common Stock Award $0 +1.71K +13.07% $0.00 14.8K Apr 1, 2022 Direct F3
transaction GWW Common Stock Tax liability -$98.5K -191 -1.29% $515.79 14.6K Apr 1, 2022 Direct F4
transaction GWW Common Stock Tax liability -$121K -234 -1.61% $515.79 14.3K Apr 1, 2022 Direct F5

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 2.33K Apr 1, 2022 Common Stock 2.33K $245.86 Direct
holding GWW Stock Option 2.13K Apr 1, 2022 Common Stock 2.13K $248.22 Direct
holding GWW Stock Option 3.12K Apr 1, 2022 Common Stock 3.12K $231.88 Direct
holding GWW Stock Option 3.81K Apr 1, 2022 Common Stock 3.81K $234.38 Direct
holding GWW Stock Option 2.81K Apr 1, 2022 Common Stock 2.81K $231.20 Direct
holding GWW Stock Option 3.9K Apr 1, 2022 Common Stock 3.9K $276.64 Direct
holding GWW Stock Option 2.86K Apr 1, 2022 Common Stock 2.86K $311.26 Direct F6

Explanation of Responses:

Id Content
F1 These were performance vested restricted stock units ("PRSUs"), granted on January 1, 2019. The Company's performance over the three-year period ended December 31, 2021 achieved a payout equal to 100% of the 2019 PRSU 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 16, 2022, upon the earlier determination of the Compensation Committee of the Board.
F2 Shares withheld for tax withholding for the PRSU settlement described in footnote 1 above.
F3 April 1, 2022 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, 2023, 1/3 vests on April 1, 2024, and the remainder vests on April 1, 2025.
F4 Shares withheld for tax withholding for the partial settlement of the 4/1/2020 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, 2021, 1/3 vests on April 1, 2022, and the remainder vests on April 1, 2023.
F5 Shares withheld for tax withholding for the partial settlement of the 4/1/2021 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.
F6 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.