PC Connection (NASDAQ: CNXN) director details RSU awards and new shares
Rhea-AI Filing Summary
PC Connection, Inc. director Gary J. Kinyon reported equity awards and related share activity. On December 16, 2025, he received 1,250 restricted stock units (RSUs) under the PC Connection, Inc. 2020 Stock Incentive Plan. These RSUs convert into common stock on a one-for-one basis and will vest in equal annual installments over four years, with 25% vesting on December 16, 2026 and an additional 25% on each anniversary until fully vested.
The filing also shows the settlement of an earlier RSU grant made on December 17, 2021 under the Amended and Restated 2020 Stock Incentive Plan. From that grant, 1,250 shares vested on December 17, 2024 and another 1,250 shares vested on December 17, 2025, with the units converting to common stock at an exercise price of $0.00. Following these transactions, Kinyon reported owning 5,625 shares of PC Connection common stock directly.
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FAQ
What insider transaction did PC Connection (CNXN) disclose in this Form 4?
The company disclosed that director Gary J. Kinyon received 1,250 restricted stock units on December 16, 2025 and had 1,250 RSUs vest and convert into common stock on December 17, 2025 at an exercise price of $0.00.
How many PC Connection (CNXN) shares does the reporting person own after the transactions?
After the reported transactions, Gary J. Kinyon beneficially owned 5,625 shares of PC Connection, Inc. common stock, held directly.
What are the vesting terms of the new RSU grant reported by PC Connection (CNXN)?
The 1,250 restricted stock units granted on December 16, 2025 under the 2020 Stock Incentive Plan will vest in equal annual installments over four years, with the first 25% vesting on December 16, 2026 and an additional 25% vesting on each anniversary until fully vested.
What was the origin and schedule of the previously granted RSUs for PC Connection (CNXN)?
The earlier RSUs were granted under the PC Connection, Inc. Amended and Restated 2020 Stock Incentive Plan on December 17, 2021. From this grant, 1,250 shares vested on December 17, 2024 and another 1,250 shares are scheduled to vest on December 17, 2025, with an expiration date of December 16, 2031.
How do the restricted stock units for PC Connection (CNXN) convert into common stock?
According to the disclosure, the restricted stock units convert into common stock on a one-for-one basis, meaning each RSU represents one share of PC Connection common stock upon vesting.
Was there any cost to exercise the vested RSUs for PC Connection (CNXN)?
The vested restricted stock units converted into common stock at an exercise price of $0.00, indicating no cash payment was required upon settlement.