[Form 4] PC Connection Inc Insider Trading Activity
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.
- 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
- 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.