PC Connection CEO exercises 10,000 RSUs
PC Connection, Inc. President & CEO Timothy J. McGrath exercised restricted stock units that converted into 10,000 shares of common stock on a one-for-one basis.
Rhea-AI Filing Summary
PC Connection, Inc. President & CEO Timothy J. McGrath exercised restricted stock units that converted into 10,000 shares of common stock on a one-for-one basis. These units were part of an award granted in February 2018 that vested in tranches through April 2027.
Of the newly acquired shares, 3,935 shares were withheld at $59.98 per share to cover tax obligations, a non-market transaction classified as a tax-withholding disposition. After these actions, McGrath directly holds 290,343 shares of PC Connection common stock, reflecting a routine compensation-related vesting and exercise event rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 10,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 10,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,935 | $59.98 | $236K |
Footnotes (2)
- F1. The restricted stock units convert into common stock on a one-for-one basis.
- F2. The restricted stock units were granted under the PC Connection, Inc. Amended and Restated 2007 Stock Incentive Plan on February 13, 2018. 10,000 of the shares vested on April 1, 2026, and the remaining shares are scheduled to vest on April 1, 2027.
Key Figures
Key Terms
Restricted Stock Units financial
tax-withholding disposition financial
Amended and Restated 2007 Stock Incentive Plan financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did PC Connection (CNXN) CEO Timothy McGrath report in this Form 4?
What are the terms of the PC Connection (CNXN) restricted stock units involved?
Does this PC Connection (CNXN) Form 4 indicate a trading decision by the CEO?
AI-generated analysis. How Rhea-AI works. Not financial advice.