PC Connection director acquires 500 shares
Director David Beffa Negrini had 500 RSUs vest and convert into common stock, bringing his direct PC CONNECTION INC holdings to 65,875 shares.
Rhea-AI Filing Summary
PC CONNECTION INC (CNXN) director David Beffa Negrini reported the vesting and exercise of 500 Restricted Stock Units into 500 shares of Common Stock on September 1, 2026. These units are part of a grant from February 13, 2018 that vests in ten annual installments, and his directly held common shares increased to 65,875.
No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
500 shares exercised/converted
Exercise
2 txns
Insider
BEFFA NEGRINI DAVID
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 500 | $0.00 | $0.00 |
| Exercise | Common Stock | 500 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 500 contracts (Direct);
Common Stock — 65,875 shares (Direct)
Footnotes (2)
- F1. The restricted stock units convert into common stock on a one-for-one basis.
- F2. 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.
Key Figures
RSUs exercised: 500 units
Common Stock acquired: 500 shares
Holdings after transaction: 65,875 shares
+2 more
5 metrics
RSUs exercised
500 units
Restricted Stock Units converted into common stock on September 1, 2026
Common Stock acquired
500 shares
Shares received upon RSU conversion on September 1, 2026
Holdings after transaction
65,875 shares
Directly held PC CONNECTION INC common stock following the reported transaction
Annual vesting installments
500 units per year
RSU grant vesting in ten annual installments commencing September 1, 2018
Grant date of RSUs
February 13, 2018
Date the Restricted Stock Units underlying this transaction were granted
Key Terms
Restricted Stock Units, vesting, annual installments
3 terms
Restricted Stock Units financial
"The restricted stock units convert into common stock on a one-for-one basis"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vesting financial
"with vesting scheduled in ten annual installments of 500 units each"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
annual installments financial
"vesting scheduled in ten annual installments of 500 units each"
FAQ
What transaction did CNXN director David Beffa Negrini report on this Form 4?
He reported the exercise of 500 Restricted Stock Units into 500 shares of Common Stock on September 1, 2026, as part of a previously granted long-term equity award.
What are the terms of the RSU grant reported for CNXN?
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, and each vested unit converts into one share of common stock.
Did PC CONNECTION INC receive any cash from this CNXN Form 4 transaction?
No. The RSUs converted at a reported $0.00 per-share transaction price, reflecting the vesting and settlement of an equity award rather than a cash purchase or sale.
Was this CNXN insider transaction made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is marked in a way that indicates no Rule 10b5-1 trading plan is reported for these transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
