Timothy J. Mcgrath - Apr 1, 2023 Form 4 Insider Report for PC CONNECTION INC (CNXN)

Role
President & CEO
Signature
/s/Timothy J. McGrath
Stock symbol
CNXN
Transactions as of
Apr 1, 2023
Transactions value $
-$176,918
Form type
4
Date filed
4/3/2023, 09:11 PM
Previous filing
Dec 19, 2022
Next filing
Aug 11, 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNXN Common Stock Options Exercise $0 +10K +3.08% $0.00 335K Apr 1, 2023 Direct F1
transaction CNXN Common Stock Tax liability -$177K -3.94K -1.17% $44.96 331K Apr 1, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CNXN Restricted Stock Units Options Exercise $0 -10K -20% $0.00 40K Apr 1, 2023 Common Stock 10K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units convert into common stock on a one-for-one basis.
F2 The restricted stock units were granted under the PC Connection, Inc. Amended and Restated 2007 Stock Incentive Plan on February 13, 2018; 10,000 of the shares vested on April 1, 2023, and the remaining shares are scheduled to vest as follows: 10,000 shares each year on April 1 through 2027.