Baker Thomas C 4

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.