Company: GWW
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001104659-25-021496
Chunk: 70

Company: W.W. GRAINGER, INC.
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 70
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 stock ownership guidelines for its NEOs and other officers. The stock ownership guidelines for the NEOs active as executive officers as of December 31, 2024 are as follows:

| ​ | NEO                          | ​ | ​ | ​ | Minimum Ownership Requirementas a Percentage of Base Salary | ​ | ​ | ​ | Currently in Compliance? | ​ |
| ​ | D.G. Macpherson              | ​ | ​ | ​ | 6x                                                          | ​ | ​ | ​ | Yes                      | ​ |
| ​ | Deidra C. Merriwether        | ​ | ​ | ​ | 3x                                                          | ​ | ​ | ​ | Yes                      | ​ |
| ​ | Paige K. Robbins             | ​ | ​ | ​ | 3x                                                          | ​ | ​ | ​ | Yes                      | ​ |
| ​ | Nancy L. Berardinelli-Krantz | ​ | ​ | ​ | 3x                                                          | ​ | ​ | ​ | Yes                      | ​ |
| ​ | Jonny LeRoy                  | ​ | ​ | ​ | 3x                                                          | ​ | ​ | ​ | Yes                      | ​ |

These stock ownership guidelines must be met within three years of being appointed an officer or assuming a new position and are reviewed annually by the Board. NEOs are required to hold net shares realized from exercised option shares and other stock awards until ownership requirements are met. Officers who fail to achieve these ownership levels will not be allowed to sell shares received from the vesting of equity awards until they comply with the guidelines. Shares owned directly by the officer (including those held as a joint tenant or as a tenant in common), shares owned in a self-directed IRA, shares owned or held for the benefit of a spouse or minor children and RSUs are counted toward meeting the guidelines. Stock options (whether vested or unvested) and PSUs are not counted toward meeting the ownership guidelines. Hedging and Pledging Prohibition The Company’s Business Conduct Guidelines (which are available under “Governance” in the Investor Relations section of our website at http://invest.grainger.com ) prohibit employees and the Board from engaging in any financial arrangement (including, without limitation, short sales, put and call options) that establish a short position in Company stock and are designed to hedge or offset, any decrease in market value of the Company’s (or its subsidiaries’) equity securities. Company officers and Directors are also prohibited from pledging any Company stock as collateral for a loan or for a margin