PC Connection (CNXN) CEO converts 10,000 RSUs and withholds 2,470 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PC Connection, Inc. President & CEO Timothy J. McGrath reported equity compensation activity involving company stock. On February 10, 2026, he exercised 10,000 restricted stock units into common shares at an exercise price of $0.00, reflecting the conversion of a stock-based award.
To cover tax obligations related to this vesting, 2,470 common shares were disposed of at $65.23 per share through a tax-withholding transaction. After these transactions, McGrath directly owned 278,213 shares of common stock and held 30,000 restricted stock units that continue to represent future rights to receive shares under the company’s 2020 Stock Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,000 shares exercised/converted
Mixed
3 txns
Insider
MCGRATH TIMOTHY J
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 10,000 | $0.00 | -- |
| Exercise | Common Stock | 10,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,470 | $65.23 | $161K |
Holdings After Transaction:
Restricted Stock Units — 30,000 shares (Direct);
Common Stock — 280,683 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. 10,000 shares vested on February 10, 2026, and the remaining shares are scheduled to vest as follows; 10,000 shares annually on February 10, 2027 through February 10, 2029.
FAQ
What insider transactions did CNXN President & CEO Timothy McGrath report?
Timothy McGrath reported exercising 10,000 restricted stock units into common stock at an exercise price of $0.00. He also reported a tax-withholding disposition of 2,470 common shares at $65.23 per share related to this equity vesting event.
What happened to Timothy McGrath’s restricted stock units in this CNXN filing?
10,000 restricted stock units vested and were converted into common stock on February 10, 2026. Following this conversion, McGrath reported holding 30,000 restricted stock units outstanding, which continue to represent contingent rights to receive additional PC Connection common shares in future vesting periods.
Under which plan were Timothy McGrath’s CNXN restricted stock units granted?
The restricted stock units were granted under the PC Connection, Inc. 2020 Stock Incentive Plan. Footnotes explain that each unit represents a contingent right to receive one common share, with grants and vesting scheduled over multiple years according to the plan’s terms.
How are future CNXN restricted stock units scheduled to vest for Timothy McGrath?
Footnotes state that 10,000 shares vested on February 10, 2026, and remaining restricted stock units are scheduled to vest in 10,000-share increments annually on February 10, 2027, 2028, and 2029, subject to the terms of the 2020 Stock Incentive Plan.