PC Connection (NASDAQ: CNXN) chair exercises 5,000 RSUs into common stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PC Connection, Inc. director and executive Patricia Gallup exercised 5,000 restricted stock units into 5,000 shares of common stock on March 14, 2026. The units were granted under the 2020 Stock Incentive Plan on March 14, 2024. After the transaction, she directly holds 2,533,258 shares of common stock and 10,000 restricted stock units. Additional common shares are held indirectly by her spouse and several trusts for which she serves as trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,000 shares exercised/converted
Mixed
8 txns
Insider
GALLUP PATRICIA
Role
Chairman & Chief Admin Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,000 | $0.00 | -- |
| Exercise | Common Stock | 5,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 10,000 shares (Direct);
Common Stock — 2,533,258 shares (Direct);
Common Stock — 15,133 shares (Indirect, By Spouse)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive on share of common stock. 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. 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. 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. 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. 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. 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. The restricted stock units were granted under the PC Connection, Inc. 2020 Stock Incentive Plan on March 14, 2024. 5,000 shares vested on March 14, 2026, and the remaining shares are scheduled to vest as follows; 5,000 shares annually on March 14, 2027 through March 14, 2028.
FAQ
What insider transaction did Patricia Gallup report for PC Connection (CNXN)?
Patricia Gallup reported exercising 5,000 restricted stock units into 5,000 shares of PC Connection common stock. The restricted stock units were part of a prior equity grant and vested on March 14, 2026, increasing her directly held common share ownership.
When were Patricia Gallup’s PC Connection restricted stock units granted and vested?
The restricted stock units were granted on March 14, 2024 under PC Connection’s 2020 Stock Incentive Plan. 5,000 units vested on March 14, 2026, with an additional 5,000 scheduled to vest annually on March 14, 2027 and March 14, 2028.
What indirect PC Connection (CNXN) holdings are associated with Patricia Gallup?
Indirect holdings include shares held by her spouse and multiple New Hampshire trusts such as the Abbott Brook Trust, David Hall Trust 2003, North Branch Trust, Comack Trust-B, Abbott Brook Trust-B, and the Abbott Brook Trust-B. She generally serves as trustee for these entities.
Does Patricia Gallup claim full beneficial ownership of all indirectly held PC Connection shares?
The filing states that Patricia Gallup disclaims beneficial ownership of certain securities, except to the extent of her pecuniary interest. This standard legal language clarifies that some shares are held through related entities and may not be fully attributable to her personally.