Form 4: PC Connection Inc. Director Barbara Duckett Reports Stock Transaction
SEC Form 4
Director Barbara Duckett reports the vesting of restricted stock units and conversion into common stock of PC Connection Inc.
Summary
- On December 17, 2024, Barbara Duckett, a director of PC Connection Inc. (CNXN), reported a transaction involving restricted stock units.
- 1,250 restricted stock units vested and converted into 1,250 shares of common stock.
- The restricted stock units were granted on December 17, 2021, under the company's 2020 Stock Incentive Plan.
- Following the transaction, Duckett directly owns 14,627 shares of common stock and 1,250 restricted stock units.
- The remaining restricted stock units are scheduled to vest on December 17, 2025, and expire on December 16, 2031.
Sentiment
Score: 5
Explanation: This is a neutral report on a standard stock transaction related to executive compensation.
Industry Context
This is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The transaction increases the number of outstanding shares, which could have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| December 17, 2021 | Restricted stock units were granted under the PC Connection, Inc. Amended and Restated 2020 Stock Incentive Plan. |
| December 17, 2024 | 1,250 restricted stock units vested and converted into common stock. |
| December 17, 2025 | 1,250 restricted stock units are scheduled to vest. |
| December 16, 2031 | Expiration date of the restricted stock units. |
| December 18, 2024 | Date of Form 4 signature. |
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