Kinyon Gary 4
Research Summary
AI-generated summary
PC Connection (CNXN) Director Gary Kinyon Converts 625 RSUs
What Happened
Gary Kinyon, a director of PC Connection, had 625 restricted stock units (RSUs) vest and convert into 625 shares on February 10, 2026 (transaction code M: exercise/conversion of derivative). The Form 4 also records a simultaneous disposition of 625 shares, both recorded at an exercise price of $0.00, resulting in a net change of zero shares reported in the transactions shown. The RSUs were originally granted under the PC Connection, Inc. 2020 Stock Incentive Plan.
Key Details
- Transaction date: February 10, 2026; Form filed February 11, 2026 (timely filing).
- Transaction type/code: M = exercise or conversion of a derivative (RSUs converted to common stock).
- Shares acquired: 625 at $0.00; Shares disposed: 625 at $0.00 (net change = 0).
- Footnote F1: Each RSU is a contingent right to receive one share of common stock.
- Footnote F2: RSUs were granted Feb 10, 2025; 625 shares vested on Feb 10, 2026; remaining 625 shares vest annually on Feb 10 of 2027–2029.
- Beneficial ownership after transaction: not stated in the provided excerpt.
Context
This transaction reflects RSUs vesting and converting into shares rather than an open-market purchase or sale. The simultaneous acquisition and disposition at $0.00 are recorded in the Form 4; the filing does not specify the reason for the disposition (e.g., tax withholding or transfer). Because the net share change shown is zero and the filing was timely, this appears to be a routine vesting/conversion event rather than a directional buy or sell signal.