Form 4: PC Connection Director Jack Ferguson Sells 10,000 Shares
SEC Form 4 Filing
Director Jack L. Ferguson of PC Connection Inc. (CNXN) sold 10,000 shares of common stock on May 13, 2024, at a weighted average price of $64.94 per share.
Summary
- On May 13, 2024, Jack L. Ferguson, a director of PC Connection Inc. (CNXN), sold 10,000 shares of the company's common stock.
- The sale was executed at a weighted average price of $64.94 per share, with individual transactions ranging from $64.48 to $65.18.
- Following the transaction, Ferguson directly owns 64,680 shares of PC Connection Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a sale of shares by a company director. It doesn't inherently convey positive or negative sentiment, but rather reports a transaction. The sentiment is neutral.
Industry Context
Sales of shares by company directors are a normal part of corporate activity. It is difficult to assess the impact of this sale without knowing the director's overall investment strategy and holdings.
Stakeholder Impact
- The sale of shares by a director could have a minor impact on shareholder confidence, but is unlikely to be significant given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of stock sale transaction |
| 05/14/2024 | Date of Form 4 filing |
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