PC Connection CEO Reports RSU Vesting and Share Sales — 09/01/2025

Rhea-AI Filing Summary

PC Connection, Inc. (CNXN) insider Timothy J. McGrath, President & CEO, reported multiple transactions on 09/01/2025. 15,000 shares were acquired as restricted stock units (7,000 and 8,000 RSUs) converted into common stock at no cash price, reflecting scheduled vesting. Concurrently, he disposed of 2,755 and 3,148 shares in separate transactions at a reported price of $64.21 per share. Following these transactions, Mr. McGrath beneficially owned 258,554 shares. The filing notes the grant dates: one RSU award from March 1, 2016 (with remaining vesting of 10,000 shares on 09/01/2026 and 5,000 on 09/01/2027) and another award from October 30, 2014, of which 8,000 shares vested on 09/01/2025.

Positive

• 15,000 shares acquired via RSU conversion, reflecting executive compensation vesting and increased alignment with shareholders
• Clear vesting schedule disclosed for remaining 15,000 shares from the March 1, 2016 award (10,000 on 09/01/2026 and 5,000 on 09/01/2027)
• Beneficial ownership remained substantial at 258,554 shares following the reported transactions

Negative

• Partial sales of shares totaling 2,755 and 3,148 shares were executed at $64.21 per share, reducing immediate insider shareholdings
• No information provided in this filing about the purpose of the sales (e.g., diversification, taxation, or other needs)

Insights

Financial Analyst

TL;DR: CEO received 15,000 vested RSUs and sold 5,903 shares at $64.21, modest net increase in insider stake.

These transactions are primarily executive compensation vesting events converting restricted stock units into common stock on a one-for-one basis. The CEO also sold a portion of shares in two transactions at $64.21, reducing the immediate share count but leaving a net increase in beneficial ownership compared with pre-vesting levels. The filing provides vesting schedules for the remaining award (10,000 shares in 2026 and 5,000 shares in 2027), which is relevant for future dilution and executive alignment. No additional financial metrics or firm guidance are included in this Form 4.

Corporate Governance Expert

TL;DR: Routine RSU vesting and partial open-market sales by the CEO; disclosures align with standard equity compensation practices.

The Form 4 discloses standard insider activity: conversion of restricted stock units granted under the company’s 2007 Stock Incentive Plan and subsequent reporting of open-market dispositions. The filing clearly states grant dates and remaining vesting tranches for one award, supporting transparency on executive remuneration timing. There are no indications in this filing of extraordinary governance actions or unusual related-party transactions.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MCGRATH TIMOTHY J

(Last) (First) (Middle)

730 MILFORD ROAD

(Street)

MERRIMACK NH 03054

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PC CONNECTION INC [ CNXN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/01/2025		M		7,000	A	$0.00	256,457	D
Common Stock	09/01/2025		F		2,755	D	$64.21	253,702	D
Common Stock	09/01/2025		M		8,000	A	$0.00	261,702	D
Common Stock	09/01/2025		F		3,148	D	$64.21	258,554	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	09/01/2025		M			7,000	(2)	(2)	Common Stock	12,000	$0.00	15,000	D
Restricted Stock Units	(1)	09/01/2025		M			8,000	(3)	(3)	Common Stock	8,000	$0.00	0.00	D

Explanation of Responses:

1. The restricted stock units convert into common stock on a one-for-one basis.

2. The restricted stock units were granted under the PC Connection, Inc. Amended and Restated 2007 Stock Incentive Plan on March 1, 2016; 7,000 of the shares vested on September 1, 2025, and the remaining shares are scheduled to vest as follows: 10,000 shares on September 1, 2026 and 5,000 shares on September 1, 2027.

3. The restricted stock units were granted under the PC Connection, Inc. Amended and Restated 2007 Stock Incentive Plan on October 30, 2014; 8,000 of the shares vested on September 1, 2025.

Remarks:

	/s/Timothy J. McGrath	09/02/2025
	** Signature of Reporting Person	Date
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FAQ

What insider transactions did PC Connection (CNXN) report on 09/01/2025?

Timothy J. McGrath reported conversion of 15,000 RSUs into common stock (7,000 and 8,000) and sales of 2,755 and 3,148 shares at $64.21 per share.

How many shares does the CEO own after the reported transactions?

The Form 4 shows Mr. McGrath's beneficial ownership at 258,554 shares following the transactions.

Were the RSUs subject to a vesting schedule?

Yes. The March 1, 2016 award had 7,000 RSUs vested on 09/01/2025 with remaining 10,000 vesting on 09/01/2026 and 5,000 on 09/01/2027; the October 30, 2014 award had 8,000 RSUs vested on 09/01/2025.

At what price were the share disposals executed?

The two disposals reported in the Form 4 were executed at a reported price of $64.21 per share.

Do these transactions indicate any change in governance or extraordinary corporate actions?

No. The filing describes routine RSU vesting and open-market sales and does not disclose any extraordinary governance actions.