PC Connection (CNXN) director gains 625 shares from RSU vesting
Rhea-AI Filing Summary
PC Connection, Inc. director Jack L. Ferguson acquired 625 shares of common stock on February 10, 2026 through the exercise of restricted stock units at $0.00 per share. The transaction converted 625 restricted stock units into common shares, bringing his directly held common stock to 67,430 shares.
Following the transaction, Ferguson also directly holds 1,875 restricted stock units. These units were granted under the PC Connection, Inc. 2020 Stock Incentive Plan on February 10, 2025, with 625 units vesting on February 10, 2026 and additional 625-unit tranches scheduled to vest annually on February 10, 2027 through February 10, 2029.
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FAQ
What insider transaction did PC Connection (CNXN) report for Jack L. Ferguson?
PC Connection reported that director Jack L. Ferguson acquired 625 shares of common stock on February 10, 2026. The shares came from exercising restricted stock units at $0.00 per share, reflecting equity compensation rather than an open-market stock purchase.
How many PC Connection (CNXN) shares does Jack L. Ferguson hold after this Form 4?
After the reported transaction, Jack L. Ferguson beneficially owns 67,430 shares of PC Connection common stock directly. He also holds 1,875 restricted stock units, which represent rights to receive an equal number of shares as they vest under the company’s stock incentive plan.
Was the PC Connection (CNXN) insider transaction a market purchase or an RSU exercise?
The transaction was an exercise of restricted stock units, not an open-market purchase. Ferguson converted 625 restricted stock units into 625 common shares at $0.00 per share, consistent with typical equity compensation mechanics under the company’s 2020 Stock Incentive Plan.
What is the vesting schedule for Jack L. Ferguson’s PC Connection (CNXN) restricted stock units?
The restricted stock units were granted on February 10, 2025 under the 2020 Stock Incentive Plan. 625 units vested on February 10, 2026, with additional tranches of 625 units scheduled to vest annually on February 10, 2027, 2028, and 2029.
What does each PC Connection (CNXN) restricted stock unit represent for Jack L. Ferguson?
Each restricted stock unit represents a contingent right to receive one share of PC Connection common stock. As units vest, they can be settled in an equivalent number of shares, as shown by the 625-unit vesting and corresponding 625-share acquisition on February 10, 2026.