Form 4: PC Connection CFO Reports Stock Transactions, RSU Grant

PC Connection's Sr. VP, CFO & Treasurer, Thomas C. Baker, reported the vesting of 5,000 restricted stock units, the acquisition of common stock, and a new grant of 20,000 restricted stock units.

Summary

• Thomas C. Baker, Sr. VP, CFO & Treasurer of PC Connection Inc. (CNXN), reported several stock transactions.
• On December 17, 2025, 5,000 restricted stock units (granted on December 17, 2021) vested, converting into common stock.
• Concurrently, 1,968 shares of common stock were disposed of at a price of $60.93 per share, likely for tax withholding purposes.
• Following these transactions, Mr. Baker's direct beneficial ownership of common stock decreased from 50,885 to 48,917 shares.
• On December 16, 2025, Mr. Baker was granted an additional 20,000 restricted stock units under the PC Connection, Inc. 2020 Stock Incentive Plan.
• These new restricted stock units will vest in equal annual installments over a four-year period, with the first 25% vesting on December 16, 2026, and subsequent 25% vesting on each anniversary thereafter.

Sentiment

Score: 5

Explanation: The filing reports routine insider stock transactions and a new RSU grant, which are standard compensation events and do not inherently indicate positive or negative company performance.

Positives

• Grant of 20,000 new Restricted Stock Units to the CFO, aligning management's interests with long-term shareholder value.
• Vesting of 5,000 Restricted Stock Units, indicating successful achievement of prior compensation milestones.

Negatives

• Disposal of 1,968 shares of common stock, reducing direct beneficial ownership, although this is a common practice for tax withholding upon RSU vesting.

Future Outlook

The 20,000 Restricted Stock Units granted on December 16, 2025, will vest in equal annual installments over a four-year period, with the first 25% vesting on December 16, 2026, and an additional 25% vesting on each anniversary thereafter until fully vested.

Industry Context

This filing is a routine disclosure of insider stock transactions and executive compensation, common across all publicly traded companies. It does not provide specific industry-related insights.

Corporate Governance

Related Party Transactions

• Acquisition of 5,000 shares of common stock by Thomas C. Baker upon the vesting of Restricted Stock Units.
• Disposal of 1,968 shares of common stock by Thomas C. Baker for tax withholding at $60.93 per share.
• Grant of 20,000 Restricted Stock Units to Thomas C. Baker.

Stakeholder Impact

• Shareholders: Minor impact. The transactions represent routine executive compensation and do not signal significant changes in company strategy or performance. The new RSU grant aligns executive incentives with long-term shareholder value.

Next Steps

• Future vesting of the 20,000 Restricted Stock Units, with 25% vesting annually starting December 16, 2026.

Key Dates

Keywords

PC Connection, CNXN, Form 4, Insider Trading, Restricted Stock Units, Executive Compensation, Stock Grant, Beneficial Ownership, Thomas C. Baker, CFO