PC Connection director Ferguson receives 500 shares
PC CONNECTION INC (CNXN) director Jack L. Ferguson reported the scheduled vesting and exercise of equity awards.
Rhea-AI Filing Summary
PC CONNECTION INC (CNXN) director Jack L. Ferguson reported the scheduled vesting and exercise of equity awards. On September 1, 2026, 500 Restricted Stock Units converted into 500 shares of common stock on a one-for-one basis, from a grant made February 13, 2018 with ten annual installments of 500 units each. Following this transaction, Ferguson directly holds 68,555 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
500 shares exercised/converted
Exercise
2 txns
Insider
Ferguson Jack L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 500 | $0.00 | $0.00 |
| Exercise | Common Stock | 500 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 500 contracts (Direct);
Common Stock — 68,555 shares (Direct)
Footnotes (2)
- F1. The restricted stock units convert into common stock on a one-for-one basis.
- F2. The restricted stock units were granted on February 13, 2018, with vesting scheduled in ten annual installments of 500 units each commencing September 1, 2018.
Key Figures
RSUs converted: 500 Restricted Stock Units
Common shares received: 500 shares
Common shares held after transaction: 68,555 shares
+2 more
5 metrics
RSUs converted
500 Restricted Stock Units
Converted into common stock on September 1, 2026
Common shares received
500 shares
Common stock issued upon RSU conversion on September 1, 2026
Common shares held after transaction
68,555 shares
Direct ownership position following the September 1, 2026 transactions
RSU grant date
February 13, 2018
Original grant date of the Restricted Stock Units that vest in annual installments
Annual vesting installment size
500 units
RSU grant vests in ten annual installments of 500 units each commencing September 1, 2018
Key Terms
Restricted Stock Units, derivative security, vesting, annual installments
4 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
"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.
vesting financial
"with vesting scheduled in ten annual installments of 500 units each"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
annual installments financial
"vesting scheduled in ten annual installments of 500 units each"
FAQ
What transaction did CNXN director Jack L. Ferguson report on this Form 4?
He reported the exercise of 500 Restricted Stock Units on September 1, 2026, which converted into 500 shares of PC CONNECTION INC common stock on a one-for-one basis as part of a previously granted equity award.
What is the origin and vesting schedule of the RSUs exercised by the CNXN director?
The exercised Restricted Stock Units were from a grant made on February 13, 2018, with vesting scheduled in ten annual installments of 500 units each commencing September 1, 2018, according to the footnote disclosure.
Were the CNXN Form 4 transactions made under a Rule 10b5-1 trading plan?
The filing indicates no Rule 10b5-1 plan is reported; the document-level checkbox for Rule 10b5-1 was not affirmed, so the transactions are not described as made under such a trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
