PC Connection (NASDAQ: CNXN) CFO gains shares after RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PC Connection, Inc. Senior VP, CFO & Treasurer Thomas C. Baker exercised restricted stock units into common shares. On March 14, 2026, 5,000 RSUs vested and were converted into 5,000 shares of common stock. To cover tax obligations, 1,501 shares were withheld at a price of $59.84 per share, leaving a net 3,499 new shares and bringing his direct common stock holdings to 56,092 shares. These RSUs were granted on March 14, 2024 under the 2020 Stock Incentive Plan, with an additional 5,000 shares scheduled to vest annually on March 14, 2027 and March 14, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,000 shares exercised/converted
Mixed
3 txns
Insider
Baker Thomas C
Role
Sr. VP, CFO & Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,000 | $0.00 | -- |
| Exercise | Common Stock | 5,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,501 | $59.84 | $90K |
Holdings After Transaction:
Restricted Stock Units — 10,000 shares (Direct);
Common Stock — 57,593 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. 5,000 shares vested on March 14, 2026, and the remaining shares are scheduled to vest as follows; 5,000 shares annually on March 14, 2027 through March 14, 2028.
FAQ
What did PC Connection (CNXN) CFO Thomas Baker report in this Form 4?
Thomas C. Baker reported the vesting and exercise of 5,000 restricted stock units into common stock on March 14, 2026. The transaction reflects routine equity compensation under PC Connection’s 2020 Stock Incentive Plan, rather than an open-market stock purchase or sale.
What was the tax withholding transaction in the PC Connection (CNXN) Form 4?
The filing shows a tax-withholding disposition of 1,501 common shares at $59.84 per share. These shares were delivered to satisfy tax liabilities arising from the RSU vesting, and do not represent an open-market sale initiated by the CFO.
What equity award plan covers the CFO’s RSUs at PC Connection (CNXN)?
The restricted stock units were granted under the PC Connection, Inc. 2020 Stock Incentive Plan on March 14, 2024. The grant consists of 15,000 RSUs, vesting in three annual installments tied to March 14 of 2026, 2027, and 2028.
What is the future vesting schedule of the CFO’s RSUs at PC Connection (CNXN)?
After 5,000 RSUs vested on March 14, 2026, the remaining grant is scheduled to vest as 5,000 shares annually on March 14, 2027 and March 14, 2028. Each vested unit represents the right to receive one share of common stock.
Does the PC Connection (CNXN) Form 4 reflect an open-market stock sale?
No, the Form 4 shows RSU vesting and a tax-withholding disposition, not an open-market sale. Shares withheld under transaction code “F” were used to pay tax obligations related to the equity award, a common administrative mechanism for compensation.