PC Connection CEO converts 10,000 RSUs to stock
PC Connection’s CEO reported RSU vesting into 10,000 common shares, with 3,935 shares used to cover exercise price or tax obligations and 5,000 RSUs remaining to vest in 2027.
Rhea-AI Filing Summary
For PC CONNECTION INC (CNXN), President & CEO Timothy J. McGrath reported the vesting and conversion of 10,000 Restricted Stock Units into common stock on September 1, 2026 under a 2016 stock incentive grant. In connection with this, 3,935 common shares were delivered or withheld to cover payment of exercise price or tax liability. After this vesting, 5,000 restricted stock units remain scheduled to vest on September 1, 2027. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,000 shares exercised/converted
Exercise
3 txns
Insider
MCGRATH TIMOTHY J
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 10,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 10,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,935 | $80.07 | $315K |
Holdings After Transaction:
Restricted Stock Units — 5,000 contracts (Direct);
Common Stock — 246,408 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 under the PC Connection, Inc. Amended and Restated 2007 Stock Incentive Plan on March 1, 2016; 10,000 of the shares vested on September 1, 2026, and the remaining shares are scheduled to vest as follows: 5,000 shares on September 1, 2027.
Key Figures
RSUs converted to common stock: 10,000 units
Shares delivered or withheld for exercise price or tax liability: 3,935 shares
Price per share for tax/exercise settlement: $80.07 per share
+2 more
5 metrics
RSUs converted to common stock
10,000 units
Restricted Stock Units vesting and converting on September 1, 2026
Shares delivered or withheld for exercise price or tax liability
3,935 shares
Common stock used in code F transaction on September 1, 2026
Price per share for tax/exercise settlement
$80.07 per share
Per-share value for 3,935 common shares in code F transaction
Remaining RSUs scheduled to vest
5,000 units
Restricted Stock Units scheduled to vest on September 1, 2027
Original RSU grant date
March 1, 2016
Grant under PC Connection, Inc. Amended and Restated 2007 Stock Incentive Plan
Key Terms
Restricted Stock Units, Payment of exercise price or tax liability, Amended and Restated 2007 Stock Incentive Plan
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.
Payment of exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
Amended and Restated 2007 Stock Incentive Plan financial
"granted under the PC Connection, Inc. Amended and Restated 2007 Stock Incentive Plan"
FAQ
What equity transaction did CNXN’s CEO report on September 1, 2026?
Timothy J. McGrath reported the vesting and conversion of 10,000 Restricted Stock Units into common stock on September 1, 2026, from a grant made under PC Connection, Inc.’s Amended and Restated 2007 Stock Incentive Plan.
How many RSUs does the CNXN CEO still have scheduled to vest?
After the September 1, 2026 vesting, 5,000 Restricted Stock Units from the same 2016 grant remain outstanding and are scheduled to vest on September 1, 2027, converting into common stock on a one-for-one basis when they vest.
What was the original grant date of the RSUs reported by CNXN’s CEO?
The Restricted Stock Units were granted on March 1, 2016 under the PC Connection, Inc. Amended and Restated 2007 Stock Incentive Plan, with 10,000 shares vesting on September 1, 2026 and 5,000 scheduled to vest on September 1, 2027.
Were the CNXN CEO’s transactions made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not checked, and there is no indication in the footnotes that the reported RSU vesting or related share withholding occurred pursuant to a Rule 10b5-1 trading plan.
What is the conversion ratio of the CNXN Restricted Stock Units reported?
The filing states that the Restricted Stock Units convert into common stock on a one-for-one basis, meaning each vested RSU held by the CEO converts into one share of PC Connection, Inc. common stock when it vests.
AI-generated analysis. How Rhea-AI works. Not financial advice.
