Form 4: PC Connection Inc. Director David Beffa-Negrini Reports Stock Vesting
SEC Form 4
Director David Beffa-Negrini reports the vesting of 1,250 restricted stock units convertible to common stock of PC Connection Inc.
Summary
- On December 17, 2024, David Beffa-Negrini, a director of PC Connection Inc. (CNXN), reported the vesting of 1,250 restricted stock units.
- These restricted stock units convert into common stock on a one-for-one basis.
- The vesting occurred under the company's Amended and Restated 2020 Stock Incentive Plan.
- Following the transaction, Beffa-Negrini directly owns 73,000 shares of common stock and 1,250 derivative securities.
- The remaining restricted stock units are scheduled to vest on December 17, 2025.
- The restricted stock units have an expiration date of December 16, 2031.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting scheduled vesting of previously granted stock awards.
Future Outlook
The remaining restricted stock units are scheduled to vest on December 17, 2025.
Industry Context
This is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 12/17/2021 | Restricted stock units were granted under the PC Connection, Inc. Amended and Restated 2020 Stock Incentive Plan. |
| 12/17/2024 | 1,250 restricted stock units vested. |
| 12/17/2025 | 1,250 restricted stock units are scheduled to vest. |
| 12/16/2031 | Expiration date of the restricted stock units. |
| 12/18/2024 | Date of signature for the Form 4 filing. |
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