Baker Thomas C 4
4 · PC CONNECTION INC · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
PC Connection (CNXN) CFO Thomas C. Baker Exercises RSUs; 1,501 Withheld
What Happened Thomas C. Baker, Senior Vice President, Chief Financial Officer & Treasurer of PC Connection, converted 5,000 restricted stock units (RSUs) into common shares on March 14, 2026. The conversion shows 5,000 shares acquired at $0.00 (no exercise price). To cover tax withholding, 1,501 of those shares were surrendered at $59.84 each, totaling $89,820, leaving a net of 3,499 shares issued to him. The Form 4 records a corresponding derivative disposition tied to the RSU conversion (standard when units convert to shares).
Key Details
- Transaction date: March 14, 2026 (reported on Form 4 filed March 16, 2026; filing appears timely).
- Converted: 5,000 RSUs → 5,000 common shares (acquired at $0.00).
- Withheld for taxes: 1,501 shares at $59.84 = $89,820 (code F — tax withholding).
- Net shares received: 3,499.
- Shares owned after transaction: not specified in the filing.
- Footnotes: F1 clarifies each RSU equals one common share on settlement; F2 notes the RSUs were granted March 14, 2024 — 5,000 vested on March 14, 2026, with remaining awards vesting in 2027 and 2028.
- No 10b5-1 plan or late-filing indication in the reported filing.
Context This was not an open-market purchase or sale for investment — it was settlement of RSUs upon vesting with a standard tax-withholding share surrender (a common administrative transaction). The filing shows no cash exercise price (exercise price $0.00), and the withheld shares indicate a cashless/tax-withholding settlement rather than a market sale initiated for investment reasons.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-14+5,000→ 57,593 total - Tax Payment
Common Stock
2026-03-14$59.84/sh−1,501$89,820→ 56,092 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-03-14−5,000→ 10,000 total→ Common Stock (5,000 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock.
- [F2]The restricted stock units were granted under the PC Connection, Inc. 2020 Stock Incentive Plan on March 14, 2024. 5,000 shares vested on March 14, 2026, and the remaining shares are scheduled to vest as follows; 5,000 shares annually on March 14, 2027 through March 14, 2028.