PC Connection (NASDAQ: CNXN) director converts 625 RSUs into common stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PC Connection, Inc. director Jay E. Bothwick reported a routine equity compensation event. On March 14, 2026, 625 restricted stock units vested and were exercised into 625 shares of common stock at a stated price of $0.00 per share. Following the transaction, he directly holds 5,625 shares of common stock and 1,250 restricted stock units. The RSUs were originally granted on March 14, 2024 under the PC Connection, Inc. 2020 Stock Incentive Plan, with an additional 625 units scheduled to vest annually on March 14, 2027 and March 14, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
625 shares exercised/converted
Mixed
2 txns
Insider
Bothwick Jay E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 625 | $0.00 | -- |
| Exercise | Common Stock | 625 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,250 shares (Direct);
Common Stock — 5,625 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. 625 shares vested on March 14, 2026, and the remaining shares are scheduled to vest as follows; 625 shares annually on March 14, 2027 through March 14, 2028.
FAQ
What insider transaction did PC Connection (CNXN) director Jay E. Bothwick report?
Jay E. Bothwick reported the vesting and exercise of 625 restricted stock units into 625 shares of common stock. This equity compensation event occurred on March 14, 2026 and did not involve an open-market purchase or sale of shares.
What are the terms of Jay E. Bothwick’s restricted stock units at PC Connection (CNXN)?
Each restricted stock unit represents a contingent right to receive one share of PC Connection common stock. The units were granted on March 14, 2024 under the 2020 Stock Incentive Plan and vest in annual installments over several years as described.
When do Jay E. Bothwick’s remaining PC Connection (CNXN) restricted stock units vest?
After 625 restricted stock units vested on March 14, 2026, the remaining units are scheduled to vest in two equal installments. According to the grant terms, 625 units vest annually on March 14, 2027 and March 14, 2028, subject to plan conditions.