Ferguson Jack L 4

What Happened

• Jack L. Ferguson, a director of PC Connection, Inc. (CNXN), had 625 restricted stock units (RSUs) vest on March 14, 2026. The Form 4 shows an exercise/conversion (derivative code M) of 625 RSUs into 625 shares at $0.00 (acquired) and a simultaneous disposition of 625 shares at $0.00. This reflects the RSUs converting to shares and an equal number being surrendered/withheld (commonly to satisfy taxes), so there was no net cash transaction or increase in his share count from this vesting event.

Key Details

• Transaction date: March 14, 2026; Form 4 filed March 16, 2026 (within the typical 2-business-day reporting window).
• Reported prices/values: $0.00 per share for both acquisition and disposition (typical for RSU vesting and company withholding).
• Shares owned after transaction: Not specified in the materials provided.
• Footnotes: F1 — each RSU equals a contingent right to one share. F2 — RSUs were granted under the 2020 Stock Incentive Plan on March 14, 2024; 625 vested on March 14, 2026, with remaining 625 shares vesting each March 14 in 2027 and 2028.
• No indication of a 10b5-1 plan or other trading plan in the provided filing.

Context

• This was not an open-market purchase or sale but a routine vesting/conversion of RSUs with an equal number of shares withheld — a common practice for tax withholding. Such transactions generally reflect standard compensation mechanics rather than a directional insider market bet.