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Consumer & Retail

CDW Corp Executive Compensation (FY25)

CDW · Vernon Hills, IL · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Christine Leahy
Latest say-on-pay support
=
May 21, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 25, 2026Latest filing (8-K): May 26, 2026
13 filings cited on this page
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307 figures on this page: 298 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Christine Leahy: $10,051,578 → $15,009,507 (49.3% higher)
Say-on-pay support: 91.2% → 91.1% (0.1 points lower)
CEO pay ratio: 94:1 → 128:1 (36.2% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is CDW Corp's chief executive and what were they paid?
Christine Leahy was paid $15,009,507 in total compensation as Chair, President, and Chief Executive Officer for fiscal 2025. Leahy's total moved 49.3% higher from the $10,051,578 reported for fiscal 2024.
What was CDW Corp's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 91.1% of votes cast for or against in favor at the meeting held May 21, 2026.
Which companies are in CDW Corp's peer group?
The disclosed peer group includes Accenture plc, Arrow Electronics, Inc., Avnet, Inc., CGI Group Inc. and Cognizant Technology Solutions Corporation, among others.
What is CDW Corp's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 128:1, against median employee compensation of $117,586.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Christine Leahy
Chair, President and Chief Executive Officer
◇—◇◇◇—◇◇
Christina Corley
Chief Commercial and Operating Officer
◇—◇◇◇—◇◇
Sona Chawla
Chief Growth and Innovation Officer
◇—◇◇◇—◇◇
Albert Miralles
Senior Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Frederick Kulevich
Senior Vice President, General Counsel & Corporate Secretary
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Christine Leahy
Chair, President and Chief Executive Officer
◇—◇◇——◇◇
Christina Corley
Chief Commercial and Operating Officer
◇—◇◇——◇◇
Sona Chawla
Chief Growth and Innovation Officer
◇—◇◇——◇◇
Albert Miralles
Senior Vice President and Chief Financial Officer
◇—◇◇——◇◇
Frederick Kulevich
Senior Vice President, General Counsel & Corporate Secretary and Interim Chief People Officer
◇—◇◇——◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Christine Leahy
Chair, President and Chief Executive Officer
◇—◇◇——◇◇
Katherine Sanderson
Chief Human Resources Officer and Executive Vice President, Coworker Success
◇◇◇◇——◇◇
Christina Corley
Former Chief Commercial and Operating Officer
Departed during or after this year
◇—◇◇——◇◇
Sona Chawla
Chief Growth and Innovation Officer and Executive Vice President
◇—◇◇——◇◇
Albert Miralles
Chief Financial Officer and Executive Vice President, Enterprise Business Operations
◇—◇◇——◇◇
Frederick Kulevich
Chief Legal Officer, Executive Vice President, Risk and Compliance, and Corporate Secretary
◇◇◇◇——◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Christine Leahy
Chair, President, and Chief Executive Officer
◇—◇—◇—◇◇
Albert Miralles
Chief Financial Officer and Executive Vice President, Enterprise Business Operations
◇—◇—◇—◇◇
Elizabeth Connelly
Chief Commercial Officer and Executive Vice President
◇—◇—◇—◇◇
Sona Chawla
Chief Growth and Innovation Officer and Executive Vice President
◇—◇—◇—◇◇
Mukesh Kumar
Chief Services and Solutions Officer and Executive Vice President
◇◇◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Albert J. MirallesPSU◇◇◇—◇—◇
Albert J. MirallesRSU◇——◇——◇
Christine A. LeahyPSU◇◇◇—◇—◇
Christine A. LeahyRSU◇——◇——◇
Elizabeth H. ConnellyPSU◇◇◇—◇—◇
Elizabeth H. ConnellyRSU◇——◇——◇
Mukesh KumarPSU◇◇◇—◇—◇
Mukesh KumarRSU◇——◇——◇
Mukesh KumarRSU◇——◇——◇
Sona ChawlaPSU◇◇◇—◇—◇
Sona ChawlaRSU◇——◇——◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Christine LeahyPSU◇◇——
RSU◇◇——
PSU◇◇——
Option◇—◇2/15/2033
Option◇—◇3/6/2034
RSU◇◇——
Albert MirallesPSU◇◇——
RSU◇◇——
PSU◇◇——
Option◇—◇2/15/2033
Option◇—◇3/6/2034
RSU◇◇——
Elizabeth ConnellyPSU◇◇——
RSU◇◇——
PSU◇◇——
Option◇—◇2/15/2033
Option◇—◇3/6/2034
RSU◇◇——
Sona ChawlaPSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇2/15/2033
Option◇—◇3/6/2034
RSU◇◇——
Mukesh KumarPSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Albert Miralles
Chief Financial Officer and Executive Vice President, Enterprise Business Operations · Terms as described in the company’s compensation discussion
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Christine Leahy
Chair, President, and Chief Executive Officer · Severance agreement
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Elizabeth Connelly
Chief Commercial Officer and Executive Vice President · Severance agreement
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Mukesh Kumar
Chief Services and Solutions Officer and Executive Vice President · Severance agreement
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Sona Chawla
Chief Growth and Innovation Officer and Executive Vice President · Severance agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
James A. Bell
Lead independent director
◇◇————◇
Kelly J. Grier
◇◇————◇
Sanjay Mehrotra
◇◇————◇
Lynda M. Clarizio
◇◇————◇
Anthony R. Foxx
◇◇————◇
Marc E. Jones
◇◇————◇
Donna F. Zarcone
◇◇————◇
Virginia C. Addicott
◇◇————◇
David W. Nelms
◇◇————◇
Joseph R. Swedish
◇◇————◇
Christine A. Leahy served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Stock ownership guideline: Pursuant to our Corporate Governance Guidelines, each non-employee director must hold equity interests in the Company’s common stock equal to at least five times the Board’s annual cash retainer.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Accenture plc ACN
  • Arrow Electronics, Inc. ARW
  • Avnet, Inc. AVT
  • CGI Group Inc. GIB
  • Cognizant Technology Solutions Corporation CTSH
  • Flex Ltd. FLEX
  • Genuine Parts Company GPC
  • Henry Schein, Inc. HSIC
  • Hewlett Packard Enterprise Company HPE
  • Insight Enterprises, Inc. NSIT
  • International Business Machines Corporation IBM
  • Jabil Inc. JBL
  • LKQ Corporation LKQ
  • TD SYNNEX Corporation SNX
  • W.W. Grainger, Inc. GWW
  • WESCO International, Inc. WCC

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 21, 2026=◇◇◇
2024May 20, 2025=◇◇◇
2023May 21, 2024=◇◇◇
2022May 18, 2023=◇◇◇
2021May 19, 2022=◇◇◇
2020May 20, 2021=◇◇◇
2019May 21, 2020=◇◇◇
2018May 21, 2019=◇◇◇
2017May 23, 2018=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Christine Leahy (Chair, President, and Chief Executive Officer), FY2025 total compensation $15,009,507 (base salary $1,073,654) [exec_comp, SEC accession 0001308179-26-000251, filed 2026-04-10]

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What this page does not include

Everything above is a fact CDW Corp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where CDW Corp sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
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Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
307 figures on this page: 298 cited to the filing that reported them, 9 calculated from figures it prints.
298 cited to the filing
9 calculated from the filing

Documents cited

  1. 0001402057-26-000038
    Proposal 2 — Advisory Vote to Approve Named Executive Officer Compensation : The stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers, based on the f
  2. 0001308179-26-000251
    2025 Grants of Plan-Based Awards Table · 2025 Outstanding Equity Awards at Fiscal Year-End Table · 2025 Summary Compensation Table · Director Compensation
  4. 0001402057-25-000102
  5. 0001308179-25-000419
    2024 Summary Compensation Table · Compensation Discussion and Analysis
  6. 0001402057-24-000096
  7. 0001308179-24-000494
    2023 Summary Compensation Table
  8. 0001193125-23-150450
  9. 0001193125-22-157435
  10. 0001193125-21-169253
  11. 0001193125-20-150953
  12. 0001193125-19-154704
  13. 0001193125-18-174300
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Velarion, “CDW Corp executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CDW (accessed 2026).
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13 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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Consumer & Retail rankings

Chief executive pay — Consumer & RetailCEO pay ratio — Consumer & RetailSay-on-pay support — Consumer & Retail

Peers CDW Corp discloses

The companies named in CDW's own disclosed peer group.

Accenture plcArrow Electronics, Inc.Avnet, Inc.CGI Group Inc.Cognizant Technology Solutions CorporationFlex Ltd.Genuine Parts CompanyHenry Schein, Inc.Hewlett Packard Enterprise CompanyInsight Enterprises, Inc.International Business Machines CorporationJabil Inc.LKQ CorporationTD SYNNEX CorporationW.W. Grainger, Inc.WESCO International, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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