Form 4: PC Connection Inc. CEO Timothy McGrath Sells Shares
SEC Form 4
Timothy McGrath, President & CEO of PC Connection Inc., recently sold shares of the company's common stock in a series of transactions.
Summary
- On August 6 and 7, 2024, Timothy McGrath, the President & CEO of PC Connection Inc., sold shares of the company's common stock.
- On August 6, he sold 12,240 shares at a weighted average price of $70.05 and 3,137 shares at a weighted average price of $70.71.
- On August 7, he sold 6,723 shares at a weighted average price of $68.97 and 7,900 shares at a weighted average price of $70.17.
- Following these transactions, McGrath directly owns 263,068 shares of PC Connection Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating insider selling. The sentiment is neutral as it simply reports transactions without expressing any opinion on the company's prospects.
Industry Context
Insider selling is a common occurrence and can be for various reasons, including personal financial planning. It's important to consider the context of the sales, such as the overall market conditions and the company's performance.
Key Dates
| Date | Description |
|---|---|
| 08/06/2024 | Timothy McGrath sold 12,240 shares of common stock at a weighted average price of $70.05 and 3,137 shares at a weighted average price of $70.71. |
| 08/07/2024 | Timothy McGrath sold 6,723 shares of common stock at a weighted average price of $68.97 and 7,900 shares at a weighted average price of $70.17. |
| 08/08/2024 | Date of signature for the Form 4 filing. |
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