Form 4: PC Connection Exec Converts RSUs to Common Stock

Patricia Gallup, a Director and Chairman & Chief Admin Officer of PC Connection Inc., converted 500 restricted stock units into common stock.

Summary

• Patricia Gallup, a Director, 10% Owner, and Chairman & Chief Admin Officer of PC Connection Inc. (CNXN), acquired 500 shares of common stock.
• The acquisition occurred on September 1, 2025, through the conversion of restricted stock units (RSUs) at a price of $0.00 per share.
• These RSUs were part of a grant on February 13, 2018, with a vesting schedule of ten annual installments of 500 units each, commencing September 1, 2018.
• Following this transaction, Ms. Gallup directly holds 4,450,845 shares of common stock and indirectly holds significant amounts through various trusts and an estate, totaling over 13.7 million shares.
• 1,000 Restricted Stock Units remain beneficially owned directly by Ms. Gallup after this transaction.

Sentiment

Score: 7

Explanation: The filing indicates a routine, scheduled conversion of equity compensation by a key insider, which is generally viewed positively as it increases direct ownership. There are no negative implications or unexpected events reported.

Positives

• A key insider, Patricia Gallup, is increasing her direct ownership in the company, which can signal confidence in future performance.
• The transaction is a scheduled vesting of previously granted equity, indicating a planned and orderly increase in insider holdings.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Shares held indirectly by the Estate of David McLellan Hall, for which the reporting person serves as executor and is a beneficiary of trusts that will receive these shares.
• Shares held indirectly by the David Hall Trust 2003, North Branch Trust, and Abbott Brook Trust, for which the reporting person serves as the sole trustee. The reporting person is also the sole beneficiary of the David Hall Trust 2003.

Stakeholder Impact

• Shareholders: May view the increase in direct insider ownership as a positive signal of management's confidence in the company's long-term prospects.

Next Steps

• Remaining 1,000 Restricted Stock Units are expected to vest in future annual installments of 500 units each.

Key Dates

Keywords

PC Connection, CNXN, Patricia Gallup, Insider Trading, Form 4, Restricted Stock Units, Equity Conversion, Director, Chairman, Beneficial Ownership