Company: GWW
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001104659-25-021496
Chunk: 77

Company: W.W. GRAINGER, INC.
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 77
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 | ​ | ​ | ​ |  $2,030,100 | ​ |

(1) Represents stock option awards with a 10-year term and three-year cliff vesting for awards granted through 2018; three-year graded vesting for awards granted in 2019. Upon retirement from the Company, unvested options automatically vest and may be exercised within the lesser of six years or the remaining term of the option. (2) Awards were issued at fair market value, which is the closing stock price on the grant date. (3) Represents 10 years after the award date. (4) Represents the aggregate unvested RSUs outstanding multiplied by the year-end closing price of $1,054.05 and 2022 PSUs granted to all NEOs. (5) Represents the maximum number of shares to be issued in connection with the 2023 and 2024 PSUs. (6) Represents the aggregate performance awards outstanding assuming payouts at maximum levels multiplied by the year-end closing price of $1,054.05. (7) 100% of these options vested on April 1, 2022. (8) Represents 1,888 RSUs that will vest on April 1, 2025, 1,307 RSUs that will vest on April 1, 2025, 1,307 RSUs that will vest on April 1, 2026, 1,038 RSUs that will vest on April 1, 2025, 1,038 RSUs that will vest on April 1, 2026, 1,038 RSUs that will vest on April 1, 2027, and 6,684 PSUs that will vest on April 1, 2025, based on the final 2022 PSU performance results from January 1, 2022 through December 31, 2024. (9) Represents 11,760 PSUs that are assumed to vest on April 1, 2026, based on the maximum level of achievement of the performance goals over the three-year performance period from January 1, 2023 through December 31, 2025 and 9,342 PSUs that are assumed to vest on April 1, 2027, based on the maximum level of achievement of the performance goals over the three-year performance period from January 1, 2024 through December 31, 2026. (10) Represents 569 RSUs that