Comack Trust 4
4 · PC CONNECTION INC · Filed May 10, 2024
Insider Transaction Report
Form 4
Comack Trust
10% Owner
Transactions
- Gift
Common Stock
2024-05-08−621,307→ 0 total(indirect: By Trust)
Footnotes (1)
- [F1]These shares were previously held directly by the Comack Trust, a grantor retained annuity trust formed under the laws of the State of New Hampshire. Patricia Gallup was the sole trustee and sole annuitant of the Comack Trust. Pursuant to the terms of the trust agreement establishing the Comack Trust, the Comack Trust distributed 2,539,948 and 1,838,745 shares of the Issuer's common stock as annuity payments to Ms. Gallup on May 8, 2023 and May 8, 2024, respectively, for no consideration. On May 8, 2024, the Comack Trust distributed the remaining 621,307 shares of the Issuer's common stock held by it to a spillover trust for no consideration after which the Comack Trust expired pursuant to its terms.