Form 4: PC Connection Insider Gifts Shares to Charity
Insider Transaction
Patricia Gallup, Chairman and Chief Admin Officer of PC Connection Inc., gifted 3,500 shares of common stock to a charity.
Summary
- Patricia Gallup, a Director, 10% Owner, and Chairman & Chief Admin Officer of PC Connection Inc. (CNXN), reported a gift of securities.
- On September 15, 2025, Ms. Gallup gifted 3,500 shares of Common Stock.
- The transaction price was $0.00, indicating a gift.
- Following the transaction, Ms. Gallup directly owns 4,540,508 shares of Common Stock.
- She also has indirect beneficial ownership of 162,093 shares via an Estate, 15,133 shares via a Spouse, 6,879,962 shares via the David Hall Trust 2003, 275,000 shares via the North Branch Trust, 906,837 shares via the Abbott Brook Trust, and 1,000,000 shares via the Comack Trust-B.
- Ms. Gallup disclaims beneficial ownership of shares held by the charity and, in part, by her spouse, except to the extent of her pecuniary interest.
- She serves as executor for the Estate of David McLellan Hall and as sole trustee for the David Hall Trust 2003, North Branch Trust, Abbott Brook Trust, and Comack Trust-B.
Sentiment
Score: 5
Explanation: The transaction is a gift of shares to a charity by an insider, which is generally a neutral event from a financial perspective for the company, though it reflects positively on the individual's philanthropy. It does not indicate any operational or financial performance changes for PC Connection Inc.
Positives
- The gift to a charity demonstrates philanthropic activity by a key insider.
Negatives
- A slight reduction in direct beneficial ownership for the reporting person.
Future Outlook
This Form 4 filing reports a past transaction and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This insider transaction is specific to PC Connection Inc. and its executive Patricia Gallup, and does not directly reflect broader industry trends or competitive dynamics. Insider gifts are routine disclosures and typically do not have significant industry-wide implications.
Stakeholder Impact
- Shareholders: A minor, negligible dilution of ownership due to the gifted shares, but no material impact on company valuation or operations.
- Charity: Receives a donation of 3,500 shares.
Key Dates
| Date | Description |
|---|---|
| 09/15/2025 | Date of transaction (gift of securities) |
| 09/17/2025 | Date of filing of Form 4 |
Keywords
PC Connection, CNXN, Patricia Gallup, Insider Transaction, Form 4, Stock Gift, Beneficial Ownership, Corporate Governance
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