Company: GWW
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000277135-25-000010
Chunk: 59

Company: W.W. GRAINGER, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 59
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 team members and executives. RSUs vest generally over periods from one to seven years from issuance. The RSU grant date fair value is based on the closing price of the Company's common stock on the last trading day preceding the date of the grant. RSU expense for the years ended December 31, 2024, 2023 and 2022 was approximately $48 million, $43 million and $34 million, respectively. 
The following table summarizes RSU activity (in millions of dollars, except for share and per share amounts):

2024                                                                                                                                    2023                                                      2022
                                              Shares                      Weighted                      Shares                      Weighted                      Shares                      Weighted
                                                           Average Price Per Share                                   Average Price Per Share                                   Average Price Per Share
Beginning nonvested units               172,984                  $550.62                          191,032                  $409.77                          202,321                  $318.40          
Issued                                   57,012                $1,008.98                           81,174                  $692.02                           96,940                  $520.67          
Canceled                               (10,221)                  $701.36                          (7,943)                  $512.31                         (17,038)                  $345.30          
Vested                                 (83,575)                  $489.57                         (91,279)                  $384.92                         (91,191)                  $336.99          
Ending nonvested units                  136,200                  $768.64                          172,984                  $550.62                          191,032                  $409.77          
Fair Value of Shares Vested                 $41                                                       $35                                                       $31                                   
As of December 31, 2024, there was $67 million of total unrecognized compensation expense related to nonvested RSUs the Company expects to recognize over a weighted average period of 2 years.
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NOTE 9 - CAPITAL STOCK
The Company had no shares of preferred stock outstanding as of December 31, 2024 and 2023. The activity related to outstanding common stock and common stock held in treasury was as follows:

2024                                                                                                                                                                2023                                                             2022                                                          
                                                                                                                  Outstanding Common Stock         Treasury Stock                  Outstanding Common Stock         Treasury Stock                  Outstanding Common Stock         Treasury Stock
Balance at beginning of period                                                                                       49,317,402                 60,341,817                            50,256,323                 59,402,896