Form 4: PC Connection Inc. Director Gary Kinyon Reports Stock Unit Vesting
SEC Form 4
Director Gary Kinyon reports the vesting of restricted stock units in PC Connection Inc.
Summary
- On March 14, 2025, Gary Kinyon, a director of PC Connection Inc. (CNXN), had 625 restricted stock units vest, converting into common stock.
- This transaction was reported on a Form 4 filing with the SEC.
- Following the transaction, Kinyon directly owns 4,375 shares of common stock and 1,875 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral event related to executive compensation; it doesn't inherently indicate positive or negative sentiment.
Future Outlook
The remaining restricted stock units are scheduled to vest in equal installments annually on March 14, 2026, through March 14, 2028.
Industry Context
This is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The vesting of stock units could have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| March 14, 2024 | Restricted stock units were granted under the PC Connection, Inc. 2020 Stock Incentive Plan. |
| March 14, 2025 | 625 restricted stock units vested. |
| March 14, 2026 | 625 shares are scheduled to vest. |
| March 14, 2027 | 625 shares are scheduled to vest. |
| March 14, 2028 | 625 shares are scheduled to vest. |
| March 17, 2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, PC Connection Inc, CNXN, Director, Gary Kinyon, Restricted Stock Units, Vesting, Beneficial Ownership, SEC Filing
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