PC Connection chair gains 500 shares via RSUs
PC CONNECTION INC (CNXN) insider Patricia Gallup, Chairman & Chief Administrative Officer and a more-than-10% owner, reported the vesting and exercise of 500 Restricted Stock Units into 500 shares of Common Stock on September 1, 2026.
Rhea-AI Filing Summary
PC CONNECTION INC (CNXN) insider Patricia Gallup, Chairman & Chief Administrative Officer and a more-than-10% owner, reported the vesting and exercise of 500 Restricted Stock Units into 500 shares of Common Stock on September 1, 2026. Following this exercise, she directly holds 533,758 shares of common stock and 500 RSUs. Additional indirect holdings include 15,133 shares held by her spouse, for which beneficial ownership is disclaimed except for any pecuniary interest, and multiple trusts in which she serves as trustee. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
500 shares exercised/converted
Exercise
9 txns
Insider
GALLUP PATRICIA
Role
Chairman & Chief Admin Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F8, F9 | 500 | $0.00 | $0.00 |
| Exercise | Common Stock | 500 | $0.00 | $0.00 |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
| holding | Common Stock F7 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 500 contracts (Direct);
Common Stock — 533,758 shares (Direct);
Common Stock — 15,133 shares (Indirect, By Spouse);
Common Stock — 13,138,164 shares (Indirect, By Trust)
Footnotes (9)
- F1. The reporting person disclaims beneficial ownership of these securities, except to the extent of such person's pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- F2. These shares are held directly by the David Hall Trust 2003, an irrevocable trust formed under the laws of the State of New Hampshire. Ms. Gallup serves as the sole trustee and is the sole beneficiary of the shares held by the David Hall Trust 2003.
- F3. These shares are held directly by the North Branch Trust, an irrevocable trust formed under the laws of the State of New Hampshire. Ms. Gallup serves as the sole trustee of the North Branch Trust.
- F4. These shares are held directly by the Abbott Brook Trust, a grantor retained annuity trust formed under the laws of the State of New Hampshire. The reporting person is the sole trustee of the Abbott Brook Trust.
- F5. These shares are held directly by the Comack Trust-B, a grantor retained annuity trust formed under the laws of the State of New Hampshire. The reporting person is the sole trustee of the Comack Trust-B.
- F6. These shares are held directly by the Abbott Brook Trust-B, a grantor retained annuity trust formed under the laws of the State of New Hampshire. The reporting person is the sole trustee of the Abbott Brook Trust-B.
- F7. These shares are held directly by the Abbott Brook Trust II, a grantor retained annuity trust formed under the laws of the State of New Hampshire. The reporting person is the sole trustee of the Abbott Brook Trust II.
- F8. The restricted stock units convert into common stock on a one-for-one basis.
- F9. The restricted stock units were granted on February 13, 2018, with vesting scheduled in ten annual installments of 500 units each commencing September 1, 2018.
Key Figures
RSUs exercised: 500 units
Shares acquired via RSU vesting: 500 shares
Direct common shares after transaction: 533,758 shares
+5 more
8 metrics
RSUs exercised
500 units
Restricted Stock Units converted into common stock on September 1, 2026
Shares acquired via RSU vesting
500 shares
Common stock received upon RSU conversion on September 1, 2026
Direct common shares after transaction
533,758 shares
Direct holdings of Patricia Gallup following the September 1, 2026 exercise
Remaining RSUs after transaction
500 units
Restricted Stock Units position reported after exercising 500 units
Indirect shares by spouse
15,133 shares
Common stock held indirectly by spouse; beneficial ownership disclaimed except for pecuniary interest
RSU grant date
February 13, 2018
Date the Restricted Stock Units were originally granted
RSU vesting schedule
10 annual installments of 500 units
Installments commencing September 1, 2018 under the 2018 RSU grant
RSU conversion ratio
1 share per unit
Restricted Stock Units convert into common stock on a one-for-one basis
Key Terms
Restricted Stock Units, pecuniary interest, irrevocable trust, grantor retained annuity trust, +1 more
5 terms
Restricted Stock Units financial
"The restricted stock units convert into common stock on a one-for-one basis"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
pecuniary interest financial
"disclaims beneficial ownership of these securities, except to the extent of such person's pecuniary interest"
irrevocable trust financial
"an irrevocable trust formed under the laws of the State of New Hampshire"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
grantor retained annuity trust financial
"a grantor retained annuity trust formed under the laws of the State of New Hampshire"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
beneficial ownership financial
"disclaims beneficial ownership of these securities, except to the extent"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider transaction did CNXN’s Patricia Gallup report on September 1, 2026?
She reported the vesting and exercise of 500 Restricted Stock Units into 500 shares of Common Stock on September 1, 2026, at a reported price of $0.00 per share, reflecting a scheduled RSU installment from a prior grant.
What are the key terms of Patricia Gallup’s Restricted Stock Unit grant at CNXN?
The Restricted Stock Units were granted on February 13, 2018, and are scheduled to vest in ten annual installments of 500 units each, commencing September 1, 2018. The RSUs convert into common stock on a one-for-one basis upon vesting.
Was the September 1, 2026 CNXN insider transaction under a Rule 10b5-1 trading plan?
No. The filing indicates no Rule 10b5-1 trading plan for these transactions; the document-level checkbox for such a plan is not marked as affirming use of a 10b5-1 arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
