PC Connection (CNXN) Director Beffa Negrini Exercises 500 RSUs

What Happened

• Director Beffa Negrini reported the exercise/conversion of restricted stock units (derivative transaction code M) on 2026-09-01. The filing shows 500 shares acquired at $0.00 and a simultaneous reported disposition of 500 shares at $0.00. No cash value is shown in the Form 4 for these entries.

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-02 (timely filing).
• Reported: 500 shares acquired via conversion (price $0.00) and 500 shares disposed via derivative conversion (price $0.00).
• Shares owned after the transaction: not specified in the information provided in this summary.
• Footnotes: F1 — restricted stock units (RSUs) convert into common stock on a one-for-one basis. F2 — the RSUs were granted 2/13/2018 and vest in ten annual installments of 500 units each beginning 9/1/2018.
• No 10b5-1 plan or other reason for the disposition is stated in the provided notes.

Context

• These entries reflect RSU vesting/conversion rather than an open-market purchase or sale. It’s common for vested RSUs to convert to shares and for some shares to be withheld or disposed to cover tax obligations; this filing shows an acquisition and a same-day disposition of equal size, but the Form 4 here does not specify the reason for the disposition. Such RSU vesting events are generally routine compensation-related transactions rather than direct signals of insider sentiment.