PC Connection (CNXN) CFO exercises 5,000 RSUs and withholds 1,324 shares for taxes
Rhea-AI Filing Summary
PC Connection, Inc. executive Thomas C. Baker, Sr. VP, CFO & Treasurer, reported equity award activity involving company stock. On February 10, 2026, he exercised derivative rights tied to 5,000 restricted stock units, receiving 5,000 shares of common stock at an exercise price of $0.00.
On the same date, 1,324 common shares were disposed of at $65.23 per share in a tax-withholding transaction related to the equity award. After these transactions, he directly owned 52,593 shares of common stock and 15,000 restricted stock units. The RSUs were originally granted on February 10, 2025, with 5,000 shares vesting on February 10, 2026 and additional 5,000 shares scheduled to vest annually on February 10, 2027 through February 10, 2029.
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FAQ
What insider transactions did PC Connection (CNXN) report for Thomas C. Baker?
The filing shows Thomas C. Baker exercised derivative rights on 5,000 restricted stock units, receiving 5,000 common shares at $0.00. It also reports a tax-withholding disposition of 1,324 common shares at $65.23 on February 10, 2026.
How many PC Connection (CNXN) shares does Thomas C. Baker own after this Form 4?
After the reported transactions, Thomas C. Baker directly owned 52,593 shares of PC Connection common stock. He also held 15,000 restricted stock units, representing additional contingent rights to receive shares, subject to the award’s vesting schedule under the company’s 2020 Stock Incentive Plan.
What do the transaction codes M and F mean in the PC Connection (CNXN) Form 4?
Code M indicates an exercise or conversion of a derivative security, here converting restricted stock units into 5,000 common shares at $0.00. Code F reflects a tax-withholding disposition of 1,324 shares at $65.23, used to cover tax obligations.
What is the vesting schedule for Thomas C. Baker’s PC Connection (CNXN) restricted stock units?
The restricted stock units were granted on February 10, 2025. 5,000 shares vested on February 10, 2026. The remaining units are scheduled to vest in three annual installments of 5,000 shares each on February 10, 2027, 2028, and 2029.
How are PC Connection (CNXN) restricted stock units described in this Form 4 filing?
Each restricted stock unit is described as a contingent right to receive one share of common stock. This means a vested RSU converts into a single common share, consistent with the company’s 2020 Stock Incentive Plan terms referenced in the filing.