Timothy J. Mcgrath - Dec 17, 2023 Form 4 Insider Report for PC CONNECTION INC (CNXN)

Role
President & CEO
Signature
/s/Timothy J. McGrath
Stock symbol
CNXN
Transactions as of
Dec 17, 2023
Transactions value $
-$132,742
Form type
4
Date filed
12/19/2023, 04:27 PM
Previous filing
Nov 28, 2023
Next filing
Mar 18, 2024
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 +5K +1.76% $0.00 289K Dec 17, 2023 Direct F1
transaction CNXN Common Stock Tax liability -$133K -1.97K -0.68% $67.45 287K Dec 17, 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 -5K -33.33% $0.00 10K Dec 17, 2023 Common Stock 5K 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 2020 Stock Incentive Plan on December 17, 2021; 5,000 of the shares vested on December 17, 2023, and the remaining shares are scheduled to vest as follows: 5,000 shares annually on December 17, 2024 through December 17, 2025. The restricted stock units have an expiration date of December 16, 2031.