Director Jay Bothwick converts 1,250 RSUs at PC Connection (NASDAQ: CNXN)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PC Connection, Inc. director Jay E. Bothwick exercised restricted stock units into 1,250 shares of common stock on June 30, 2026. These restricted stock units were granted on June 30, 2022 under the PC Connection, Inc. Amended and Restated 2020 Stock Incentive Plan and vested on June 30, 2026. Following the conversion, Bothwick directly holds 6,875 shares of PC Connection common stock. No open-market purchases or sales were reported in this filing, indicating a routine vesting and settlement of equity compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,250 shares exercised/converted
Mixed
2 txns
Insider
Bothwick Jay E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,250 | $0.00 | -- |
| Exercise | Common Stock | 1,250 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 6,875 shares (Direct, null)
Footnotes (1)
- The restricted stock units convert into common stock on a one-for-one basis. The restricted stock units were granted under the PC Connection, Inc. Amended and Restated 2020 Stock Incentive Plan on June 30, 2022. 1,250 shares vested on June 30, 2026.
Key Figures
RSUs converted: 1,250 shares
Shares held after transaction: 6,875 shares
Grant date: June 30, 2022
+1 more
4 metrics
RSUs converted
1,250 shares
Restricted stock units converted into common stock on June 30, 2026
Shares held after transaction
6,875 shares
Direct common stock holdings after June 30, 2026 conversion
Grant date
June 30, 2022
RSUs granted under Amended and Restated 2020 Stock Incentive Plan
Vesting date
June 30, 2026
1,250 RSUs vested and converted into common stock
Key Terms
Restricted Stock Units, derivative security, Amended and Restated 2020 Stock Incentive Plan
3 terms
Restricted Stock Units financial
"The restricted stock units convert into common stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Amended and Restated 2020 Stock Incentive Plan financial
"granted under the PC Connection, Inc. Amended and Restated 2020 Stock Incentive Plan on June 30, 2022."
FAQ
What insider transaction did PC Connection (CNXN) report for Jay E. Bothwick?
PC Connection (CNXN) reported that director Jay E. Bothwick converted 1,250 restricted stock units into common stock on June 30, 2026. This was a routine equity compensation vesting rather than an open-market share purchase or sale.
Were Jay E. Bothwick’s PC Connection (CNXN) transactions open-market trades?
No, Jay E. Bothwick’s reported PC Connection (CNXN) transactions were not open-market trades. The Form 4 shows an exercise of restricted stock units into 1,250 common shares as part of equity compensation, with no reported open-market buying or selling.
What equity plan governed the CNXN restricted stock units exercised by Jay E. Bothwick?
The restricted stock units exercised by Jay E. Bothwick in PC Connection (CNXN) were granted under the PC Connection, Inc. Amended and Restated 2020 Stock Incentive Plan. The grant occurred on June 30, 2022, with 1,250 shares vesting on June 30, 2026.
What does transaction code M mean in the CNXN Form 4 for Jay E. Bothwick?
In this PC Connection (CNXN) Form 4, transaction code M indicates the exercise or conversion of a derivative security. Specifically, Bothwick converted 1,250 restricted stock units into an equal number of common shares on June 30, 2026.