Timothy J. Mcgrath - Sep 1, 2024 Form 4 Insider Report for PC CONNECTION INC (CNXN)

Role
President & CEO
Signature
/s/Timothy J. McGrath
Stock symbol
CNXN
Transactions as of
Sep 1, 2024
Transactions value $
-$575,140
Form type
4
Date filed
9/3/2024, 04:07 PM
Previous filing
Aug 8, 2024
Next filing
Oct 30, 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 +12K +4.56% $0.00 275K Sep 1, 2024 Direct
transaction CNXN Common Stock Tax liability -$345K -4.72K -1.72% $73.08 270K Sep 1, 2024 Direct
transaction CNXN Common Stock Options Exercise $0 +8K +2.96% $0.00 278K Sep 1, 2024 Direct
transaction CNXN Common Stock Tax liability -$230K -3.15K -1.13% $73.08 275K Sep 1, 2024 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 -12K -35.29% $0.00 22K Sep 1, 2024 Common Stock 12K Direct F1, F2
transaction CNXN Restricted Stock Units Options Exercise $0 -8K -50% $0.00 8K Sep 1, 2024 Common Stock 8K Direct F1, F3
* 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 March 1, 2016; 12,000 of the shares vested on September 1, 2024, and the remaining shares are scheduled to vest as follows: 7,000 shares on September 1, 2025; 10,000 shares on September 1, 2026; and 5,000 shares on September 1, 2027.
F3 The restricted stock units were granted under the PC Connection, Inc. Amended and Restated 2007 Stock Incentive Plan on October 30, 2014; 8,000 of the shares vested on September 1, 2024, and the remaining shares are scheduled to vest 8,000 shares on September 1, 2025.