PC Connection (CNXN) Insider Vesting: 500 RSUs Converted to Shares
Rhea-AI Filing Summary
Patricia Gallup, a director, 10% owner and Chairman & Chief Admin Officer of PC Connection Inc. (CNXN), reported the vesting and acquisition of 500 restricted stock units that converted one-for-one into common stock on 09/01/2025. Following the reported transactions, Ms. Gallup directly beneficially owns 4,450,845 shares and holds several indirect stakes: 162,093 shares via an estate for which she is executor, 15,133 via spouse, and trust holdings of 6,879,962, 275,000, and 2,000,000 shares. The RSUs were originally granted on February 13, 2018, with ten annual vesting installments of 500 units beginning September 1, 2018.
Positive
- 500 restricted stock units vested and converted one-for-one into common stock on 09/01/2025
- Reporting person holds significant direct and indirect ownership, indicating alignment with shareholders
- Transaction recorded as vesting (Code M), consistent with the 2018 grant schedule
Negative
- None.
Insights
TL;DR: Routine insider vesting: 500 RSUs converted to shares, reinforcing long-term ownership but immaterial to total holdings.
Ms. Gallup received 500 restricted stock units that vested and converted into common stock on 09/01/2025 at a one-for-one ratio. The filing shows substantial existing positions held directly and indirectly through trusts and an estate; these holdings reflect concentrated ownership and management alignment with shareholders. The transaction code indicates standard vesting (code M). There is no cash purchase price for the converted units as reported.
TL;DR: Governance note: reporting person is a director and significant owner; vesting follows a prior grant schedule.
The Form 4 documents a scheduled vesting event from a 2018 grant (ten annual installments). Ms. Gallup serves as executor and trustee for several entities holding CNXN shares, which explains multiple indirect ownership lines. The filing is a routine disclosure of beneficial ownership changes and contains no indications of unusual or opportunistic insider trading.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 500 | $0.00 | -- |
| Exercise | Common Stock | 500 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- These shares are held directly by the Estate of David McLellan Hall (the Estate), for which the reporting person serves as executor. The reporting person is also the beneficiary of trusts which will receive the shares held by the Estate. The reporting person disclaims beneficial ownership of these securities, except to the extent of such person's pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. These shares are held directly by the David Hall Trust 2003, an irrevocable trust formed under the laws of the State of New Hampshire. Ms. Gallup serves as the sole trustee and is the sole beneficiary of the shares held by the David Hall Trust 2003. These shares are held directly by the North Branch Trust, an irrevocable trust formed under the laws of the State of New Hampshire. Ms. Gallup serves as the sole trustee of the North Branch Trust. These shares are held directly by the Abbott Brook Trust, a grantor retained annuity trust formed under the laws of the State of New Hampshire. The reporting person is the sole trustee of the Abbott Brook Trust. The restricted stock units convert into common stock on a one-for-one basis. 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.
