Kinyon Gary 4
Research Summary
AI-generated summary
PC Connection (CNXN) Director Gary Kinyon Converts 625 RSUs to Shares
What Happened
Gary Kinyon, a director of PC Connection, had 625 restricted stock units (RSUs) vest on March 14, 2026 and those RSUs were converted/exercised into 625 shares of common stock (reported at $0.00). The filing also records a simultaneous disposition of 625 shares (also at $0.00). These were not open-market purchases or sales for cash; they reflect conversion/settlement of equity awards.
Key Details
- Transaction date: March 14, 2026 (reported on Form 4 filed March 16, 2026).
- Reported prices: $0.00 per share for both the acquisition (conversion) and the disposition.
- Shares involved: 625 shares acquired via conversion; 625 shares listed as disposed (both as derivative transactions, code M).
- Shares owned after transaction: not disclosed in this filing.
- Footnotes: F1 clarifies each RSU equals a contingent right to one common share. F2 states these RSUs were granted under the 2020 Stock Incentive Plan on March 14, 2024; 625 vested on March 14, 2026 and remaining RSUs vest 625 shares annually on March 14, 2027 and March 14, 2028.
- Timeliness: Filing appears timely (transaction 3/14/2026; Form 4 filed 3/16/2026).
Context
RSU conversions typically issue shares without a cash purchase price (hence $0.00). The filing records both the conversion and a matching disposition of the same number of shares; filings sometimes show dispositions when shares are withheld or surrendered to satisfy taxes or other obligations, but this Form 4 does not specify the reason for the disposition. This is an administrative equity award vesting event rather than an open-market buy or sale that would signal a trading opinion.