Form 4: PC Connection Director Jay Bothwick Vests Restricted Stock Units
Insider Transaction Report
PC Connection, Inc. Director Jay E. Bothwick reported the vesting of 1,250 restricted stock units into common stock on June 30, 2025, increasing his direct common stock holdings.
Summary
- Director Jay E. Bothwick acquired 1,250 shares of PC Connection, Inc. common stock through the vesting of restricted stock units on June 30, 2025.
- The transaction was an exercise of a derivative security (restricted stock units) at a price of $0.00 per unit, as is typical for RSU vesting.
- Following this transaction, Mr. Bothwick directly beneficially owns 4,375 shares of common stock.
- An additional 1,250 restricted stock units remain outstanding and are scheduled to vest on June 30, 2026.
- The restricted stock units were granted on June 30, 2022, under the PC Connection, Inc. Amended and Restated 2020 Stock Incentive Plan and have an expiration date of June 29, 2032.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive, as it reflects a routine, pre-scheduled compensation event that increases a director's direct ownership, aligning their interests with shareholders. There are no negative implications.
Positives
- The vesting of restricted stock units is a standard component of executive and director compensation, aligning insider interests with shareholder value.
- The increase in direct common stock ownership by a director demonstrates continued commitment to the company.
Future Outlook
An additional 1,250 restricted stock units held by Director Jay E. Bothwick are scheduled to vest on June 30, 2026, further increasing his direct common stock ownership.
Industry Context
This filing represents a routine insider transaction related to director compensation, which is a common practice across publicly traded companies to align management and director incentives with shareholder interests. It does not reflect broader industry trends or competitive shifts.
Stakeholder Impact
- Shareholders: Increased alignment of a director's financial interests with shareholder value through direct stock ownership.
Next Steps
- The vesting of the remaining 1,250 restricted stock units for Director Jay E. Bothwick is scheduled for June 30, 2026.
Key Dates
| Date | Description |
|---|---|
| 06/30/2022 | Date Restricted Stock Units were granted under the PC Connection, Inc. Amended and Restated 2020 Stock Incentive Plan. |
| 06/30/2025 | Date 1,250 Restricted Stock Units vested and converted into common stock for Director Jay E. Bothwick. |
| 07/01/2025 | Date the Form 4 filing was signed by the attorney-in-fact for Jay Bothwick. |
| 06/30/2026 | Scheduled vesting date for the remaining 1,250 Restricted Stock Units. |
| 06/29/2032 | Expiration date of the Restricted Stock Units. |
Keywords
PC Connection, CNXN, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Beneficial Ownership, Director Compensation, Stock Incentive Plan
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