Form 4: PC Connection Director David Beffa-Negrini Reports Stock Unit Vesting
SEC Form 4
Director David Beffa-Negrini reports the vesting of restricted stock units in PC Connection Inc.
Summary
- On September 1, 2024, David Beffa-Negrini, a director of PC Connection Inc. (CNXN), had 500 restricted stock units vest, converting into 500 shares of common stock.
- The vesting occurred as part of a previously granted award from February 13, 2018, which vests in ten annual installments of 500 units each, starting September 1, 2018.
- Following the transaction, Beffa-Negrini directly owns 76,750 shares of PC Connection Inc. common stock and 1,500 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral event related to scheduled vesting of stock units, with no significant positive or negative implications.
Positives
- The vesting of restricted stock units indicates a continued alignment of the director's interests with those of the shareholders.
Industry Context
This is a routine disclosure related to executive compensation and is common in publicly traded companies.
Stakeholder Impact
- The vesting of stock units aligns the director's interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| February 13, 2018 | Date the restricted stock units were granted. |
| September 1, 2018 | Commencement date of the annual vesting installments. |
| September 1, 2024 | Date of the reported transaction (vesting of 500 restricted stock units). |
| September 3, 2024 | Date of the Form 4 filing. |
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