Form 4: PC Connection Inc. Executive Thomas C. Baker Reports Stock Transactions
SEC Form 4 Filing
Thomas C. Baker, Sr. VP, CFO & Treasurer of PC Connection Inc., reports the vesting and subsequent tax withholding of restricted stock units.
Summary
- On March 14, 2025, Thomas C. Baker, Sr. VP, CFO & Treasurer of PC Connection Inc. (CNXN), had 5,000 restricted stock units vest.
- These units converted into 5,000 shares of common stock.
- Baker also disposed of 1,506 shares to cover tax obligations at a price of $60.51 per share.
- Following these transactions, Baker directly owns 42,853 shares of PC Connection Inc.
- He also holds 15,000 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on standard executive compensation practices. It doesn't indicate positive or negative sentiment regarding the company's performance.
Future Outlook
The remaining restricted stock units are scheduled to vest in increments of 5,000 shares annually on March 14, 2026, through March 14, 2028.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It's a standard practice in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the vesting of previously granted stock units and a small sale to cover taxes.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Restricted stock units were granted under the PC Connection, Inc. 2020 Stock Incentive Plan. |
| 03/14/2025 | 5,000 restricted stock units vested and 1,506 shares were disposed of for tax obligations. |
| 03/14/2026 | 5,000 shares are scheduled to vest. |
| 03/14/2027 | 5,000 shares are scheduled to vest. |
| 03/14/2028 | 5,000 shares are scheduled to vest. |
| 03/17/2025 | Date of signature for the Form 4 filing. |
Keywords
PC Connection Inc, CNXN, Form 4, insider trading, restricted stock units, Thomas C. Baker, stock vesting, tax withholding
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