PC Connection (NASDAQ: CNXN) director gains 625 shares from RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PC Connection director David Beffa Negrini acquired shares through a vesting of restricted stock units. On March 14, 2026, 625 restricted stock units converted into 625 shares of common stock at a price of $0.00 per share as part of his equity compensation.
Following this transaction, he directly owned 65,375 shares of common stock and held 1,250 restricted stock units. According to the grant terms, 625 additional units are scheduled to vest on March 14, 2027 and 625 on March 14, 2028, each representing the right to receive one share of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
625 shares exercised/converted
Mixed
2 txns
Insider
BEFFA NEGRINI DAVID
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 — 65,375 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) report for David Beffa Negrini?
PC Connection reported that director David Beffa Negrini had 625 restricted stock units vest into 625 shares of common stock on March 14, 2026. This was an equity compensation event, not an open-market purchase or sale.
What are the vesting terms of David Beffa Negrini’s restricted stock units at PC Connection (CNXN)?
The restricted stock units were granted on March 14, 2024 under the 2020 Stock Incentive Plan. 625 units vested on March 14, 2026, with 625 units scheduled to vest annually on March 14, 2027 and March 14, 2028.
Was the PC Connection (CNXN) Form 4 transaction an open-market buy or sell?
No. The Form 4 shows a derivative exercise, where restricted stock units converted into common stock at $0.00 per share. This reflects equity compensation vesting, not an open-market purchase or sale decision by the director.
What does each restricted stock unit represent in PC Connection (CNXN)’s plan?
Each restricted stock unit represents a contingent right to receive one share of common stock. Shares are delivered only when the units vest on the scheduled dates, as long as the applicable award conditions continue to be satisfied.