PC Connection (NASDAQ: CNXN) director converts 625 RSUs into common stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PC Connection, Inc. director Barbara Duckett reported the vesting and exercise of restricted stock units into common shares as part of her equity compensation. On March 14, 2026, 625 restricted stock units converted into 625 shares of common stock at a price of $0.00 per share, reflecting a routine derivative exercise rather than an open-market purchase.
Following the transaction, Duckett directly owned 18,252 shares of PC Connection common stock and 1,250 restricted stock units. According to the grant terms, 625 additional restricted stock units are scheduled to vest on March 14, 2027, and 625 more on March 14, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
625 shares exercised/converted
Mixed
2 txns
Insider
Duckett Barbara
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 625 | $0.00 | -- |
| Exercise | Common Stock | 625 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,250 shares (Direct);
Common Stock — 18,252 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 March 14, 2024. 625 shares vested on March 14, 2026, and the remaining shares are scheduled to vest as follows; 625 shares annually on March 14, 2027 through March 14, 2028.
FAQ
What did CNXN director Barbara Duckett report in this Form 4 filing?
Barbara Duckett reported the vesting and exercise of 625 restricted stock units into 625 shares of PC Connection common stock at $0.00 per share, reflecting routine equity compensation rather than an open-market stock purchase.
What type of security was involved in Barbara Duckett’s CNXN Form 4 transaction?
The transaction involved restricted stock units that converted into common stock. Each restricted stock unit represents a contingent right to receive one share of PC Connection common stock, granted under the company’s 2020 Stock Incentive Plan.
Was Barbara Duckett’s CNXN Form 4 transaction an open-market stock purchase or sale?
The transaction was not an open-market trade. It reflects the exercise and vesting of restricted stock units into common stock at $0.00 per share, categorized as a derivative exercise/conversion rather than a buy or sell in the open market.
When will Barbara Duckett’s remaining CNXN restricted stock units vest?
The remaining restricted stock units are scheduled to vest in two equal installments. According to the grant terms, 625 units vest on March 14, 2027, and another 625 units vest on March 14, 2028, assuming continued eligibility.
Under which plan were Barbara Duckett’s CNXN restricted stock units granted?
The restricted stock units were granted under the PC Connection, Inc. 2020 Stock Incentive Plan. The specific grant was made on March 14, 2024, with vesting over several years, including the 2026 tranche reported in this Form 4.