PC Connection CEO exercises 10,000 RSUs
PC Connection, Inc. President & CEO Timothy J. McGrath exercised 10,000 restricted stock units into an equal number of common shares as part of a previously granted equity award.
Rhea-AI Filing Summary
PC Connection, Inc. President & CEO Timothy J. McGrath exercised 10,000 restricted stock units into an equal number of common shares as part of a previously granted equity award. To cover tax obligations, 3,935 shares of common stock were withheld at $59.84 per share, leaving a net 6,065 shares added to his direct holdings.
After these transactions, McGrath directly holds 284,278 shares of common stock. The restricted stock units were granted under the 2020 Stock Incentive Plan on March 14, 2024, with an additional 10,000 units scheduled to vest annually on March 14, 2027 and March 14, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 10,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 10,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,935 | $59.84 | $235K |
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of common stock.
- F2. The restricted stock units were granted under the PC Connection, Inc. 2020 Stock Incentive Plan on March 14, 2024. 10,000 shares vested on March 14, 2026, and the remaining shares are scheduled to vest as follows; 10,000 shares annually on March 14, 2027 through March 14, 2028.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CNXN CEO Timothy McGrath report on this Form 4?
How many PC Connection (CNXN) restricted stock units vested for the CEO?
How was tax withholding handled in Timothy McGrath’s CNXN Form 4 filing?
What are Timothy McGrath’s PC Connection (CNXN) holdings after this Form 4?
What is the vesting schedule for the remaining CNXN restricted stock units?
Is the CEO’s CNXN Form 4 transaction an open-market stock sale or purchase?
AI-generated analysis. How Rhea-AI works. Not financial advice.