Form 4: PC Connection Inc. Director Jack L. Ferguson Reports Stock Transactions
SEC Form 4
Director Jack L. Ferguson reports the vesting of restricted stock units in PC Connection Inc.
Summary
- On March 14, 2025, Jack L. Ferguson, a director of PC Connection Inc., had 625 restricted stock units vest, converting into common stock.
- The transaction was reported on March 17, 2025.
- Following the transaction, Ferguson directly owns 67,055 shares of common stock and 1,875 restricted stock units.
- The restricted stock units were granted on March 14, 2024, under the company's 2020 Stock Incentive Plan.
- The remaining restricted stock units are scheduled to vest in equal installments of 625 shares annually from March 14, 2026, through March 14, 2028.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The remaining restricted stock units are scheduled to vest in equal installments of 625 shares annually from March 14, 2026, through March 14, 2028.
Industry Context
This is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies.
Stakeholder Impact
- The vesting of restricted stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Restricted stock units were granted under the PC Connection, Inc. 2020 Stock Incentive Plan. |
| 03/14/2025 | 625 restricted stock units vested, converting into common stock. |
| 03/14/2026 | 625 restricted stock units are scheduled to vest. |
| 03/14/2027 | 625 restricted stock units are scheduled to vest. |
| 03/14/2028 | 625 restricted stock units are scheduled to vest. |
| 03/17/2025 | Form 4 filing date. |
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