Form 4: PC Connection Inc. Executive Thomas C. Baker Reports Stock Transactions
SEC Form 4
Thomas C. Baker, Sr. VP, CFO & Treasurer of PC Connection Inc., reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On February 23, 2025, Thomas C. Baker, Sr. VP, CFO & Treasurer of PC Connection Inc., had 5,000 restricted stock units vest, which converted into common stock on a one-for-one basis.
- Following the vesting, 1,303 shares were withheld to cover tax obligations at a price of $65.03 per share.
- After these transactions, Baker directly owns 39,359 shares of PC Connection Inc. common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of stock transactions.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the vesting of previously granted stock units.
Key Dates
| Date | Description |
|---|---|
| 02/23/2021 | Restricted stock units were granted under the PC Connection, Inc. 2020 Stock Incentive Plan |
| 02/23/2025 | Date of transaction: vesting of restricted stock units and tax withholding. |
| 02/24/2025 | Date of signature on the Form 4. |
Keywords
PC Connection Inc., Thomas C. Baker, Stock, Restricted Stock Units, CNXN, Vesting, Tax Withholding, Form 4
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