Paige K. Robbins - Apr 1, 2023 Form 4 Insider Report for W.W. GRAINGER, INC. (GWW)

Role
Sr. VP
Signature
James Colin McGee, by POA From Paige K. Robbins, SVP
Stock symbol
GWW
Transactions as of
Apr 1, 2023
Transactions value $
-$951,247
Form type
4
Date filed
4/4/2023, 01:45 PM
Previous filing
Jul 28, 2022
Next filing
May 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction GWW Common Stock Award $0 +1.59K +32.02% $0.00 6.55K Apr 1, 2023 Direct F1
transaction GWW Common Stock Tax liability -$485K -704 -10.75% $688.81 5.84K Apr 1, 2023 Direct F2
transaction GWW Common Stock Award $0 +1.47K +25.22% $0.00 7.32K Apr 1, 2023 Direct F3
transaction GWW Common Stock Tax liability -$132K -191 -2.61% $688.81 7.13K Apr 1, 2023 Direct F4
transaction GWW Common Stock Tax liability -$161K -234 -3.28% $688.81 6.89K Apr 1, 2023 Direct F5
transaction GWW Common Stock Tax liability -$174K -252 -3.66% $688.81 6.64K Apr 1, 2023 Direct F6
holding GWW Common Stock 9.37K Apr 1, 2023 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 2.13K Apr 1, 2023 Common Stock 2.13K $248.22 Direct
holding GWW Stock Option 3.12K Apr 1, 2023 Common Stock 3.12K $231.88 Direct
holding GWW Stock Option 3.81K Apr 1, 2023 Common Stock 3.81K $234.38 Direct
holding GWW Stock Option 2.81K Apr 1, 2023 Common Stock 2.81K $231.20 Direct
holding GWW Stock Option 3.9K Apr 1, 2023 Common Stock 3.9K $276.64 Direct
holding GWW Stock Option 2.86K Apr 1, 2023 Common Stock 2.86K $311.26 Direct F8

Explanation of Responses:

Id Content
F1 These were performance vested stock units ("PSUs"), granted on January 1, 2020. The Company's performance over the three-year period ended December 31, 2022 achieved a payout equal to 123% of the 2020 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 15, 2023, 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, 2023 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, 2024, 1/3 vests on April 1, 2025, and the remainder vests on April 1, 2026.
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 Shares withheld for tax withholding for the partial settlement of the 4/1/2022 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.
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.