RSU vesting gives PC Connection (CNXN) director 625 new shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PC Connection, Inc. director Jay E. Bothwick acquired 625 shares of common stock on February 10, 2026 through the vesting and conversion of restricted stock units at $0.00 per share. Following this derivative exercise, he directly holds 5,000 common shares and 1,875 restricted stock units, all under the company’s 2020 Stock Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
625 shares exercised/converted
Mixed
2 txns
Insider
Bothwick Jay E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 625 | $0.00 | -- |
| Exercise | Common Stock | 625 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,875 shares (Direct);
Common Stock — 5,000 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of common stock. The restricted stock units were granted under the PC Connection, Inc. 2020 Stock Incentive Plan on February 10, 2025. 625 shares vested on February 10, 2026, and the remaining shares are scheduled to vest as follows; 625 shares annually on February 10, 2027 through February 10, 2029.
FAQ
What insider transaction did CNXN director Jay E. Bothwick report?
Jay E. Bothwick reported acquiring 625 PC Connection common shares via restricted stock units. On February 10, 2026, RSUs converted into common stock at $0.00 per share, reflecting a derivative exercise rather than an open‑market purchase, and increasing his directly held common shares.
What is the vesting schedule for Jay E. Bothwick’s CNXN restricted stock units?
The RSUs were granted on February 10, 2025, with 625 units vesting on February 10, 2026. The remaining units are scheduled to vest in equal tranches of 625 shares annually on February 10, 2027, 2028, and 2029, subject to the plan’s terms.
Under which equity plan were Jay E. Bothwick’s CNXN restricted stock units granted?
The restricted stock units were granted under the PC Connection, Inc. 2020 Stock Incentive Plan. According to the filing, the grant occurred on February 10, 2025, with a multi‑year vesting schedule that delivers 625 shares per year through February 10, 2029.
Does the CNXN Form 4 indicate a buy or sell by Jay E. Bothwick?
The Form 4 shows a derivative exercise/conversion, not an open‑market buy or sell. Transaction code M reflects 625 restricted stock units converting into 625 common shares at $0.00, increasing his directly held share count without a market trade.