Baker Thomas C 4

What Happened

• Thomas C. Baker, Senior Vice President, Chief Financial Officer & Treasurer of PC Connection, had 5,000 restricted stock units (RSUs) vest on February 10, 2026 and converted into 5,000 shares (reported as derivative exercise, code M) at $0.00 per share.
• To satisfy tax withholding obligations (code F), 1,324 shares were withheld/disposed at an implied value of $65.23 per share for a total tax withholding of $86,365.
• Net to Baker from the vesting event: 5,000 vested shares less 1,324 withheld = 3,676 shares added to his holdings. The filing shows the conversion and the withholding; it is a routine vesting and tax-withholding event, not an open-market sale.

Key Details

• Transaction date: February 10, 2026; Form 4 filed Feb 11, 2026 (timely).
• Reported items: 5,000 RSUs converted to 5,000 shares (M, $0.00); 1,324 shares withheld for taxes (F) at $65.23/share = $86,365.
• Net change: +3,676 shares (5,000 vested − 1,324 withheld). Filing does not list total shares owned after the transaction.
• Footnotes: RSUs represent a contingent right to one common share each. These RSUs were granted under the 2020 Stock Incentive Plan on Feb 10, 2025; 5,000 vested on Feb 10, 2026 and remaining awards vest annually (5,000/year) through Feb 10, 2029.
• Codes explained: M = exercise/conversion of a derivative (here, RSU vesting); F = shares withheld to pay tax liabilities (routine).

Context

• This was an award/vesting event, not an open-market purchase or discretionary sale. The withholding of shares to cover taxes is a common administrative step and does not necessarily indicate intent to sell shares in the market.
• For retail investors, note the insider increased his stake by 3,676 shares following vesting. As always, use insider transactions alongside other metrics and company fundamentals when evaluating investment decisions.