Duckett Barbara 4
Research Summary
AI-generated summary
PC Connection (CNXN) Director Barbara Duckett Receives 625 Shares
What Happened
Barbara Duckett, a director of PC Connection, had 625 restricted stock units (RSUs vest) convert into 625 shares on March 14, 2026 (reported on a Form 4 filed March 16, 2026). The filing shows an acquisition (conversion) of 625 shares at $0.00 and a simultaneous disposition of 625 shares at $0.00. The transactions are reported under derivative code M (exercise or conversion).
Key Details
- Transaction date: March 14, 2026; Form 4 filed March 16, 2026 (timely within the usual two-business-day window).
- Reported price: $0.00 for both the acquisition and the disposition; reported value $0.
- Shares owned after transaction: not specified in this filing.
- Footnotes: F1 — each RSU represents a contingent right to one share; F2 — RSUs were granted 3/14/2024, 625 shares vested 3/14/2026; remaining 625 shares vest annually on 3/14/2027 and 3/14/2028.
- Paired entries: the filing records both an acquisition and an immediate disposition of the same 625 shares; the form does not state the reason for the disposition.
Context
This was a conversion/settlement of RSUs (derivative conversion). Filings that show a simultaneous conversion and disposition of vested RSUs commonly reflect shares withheld or surrendered to cover taxes or broker settlement, but the Form 4 here does not specify that treatment. There is no indication of an open-market buy or sell by the director in this filing.