Bothwick Jay E 4

What Happened

• Jay E. Bothwick, a director of PC Connection, had 625 restricted stock units (RSUs) vest on February 10, 2026 and the filing shows those RSUs were converted/exercised into 625 shares (code M). The same filing also reports a concurrent disposition of 625 shares. Both transactions show a $0 per-share price in the Form 4 (acquisition and disposition).

Key Details

• Transaction date: 2026-02-10; Filing date: 2026-02-11 (timely).
• Reported prices: $0.00 for acquisition and $0.00 for disposition (reflects conversion/settlement of RSUs, not an open-market cash purchase/sale).
• Shares owned after the transaction: not specified in the provided filing.
• Footnotes: F1 — each RSU equals a contingent right to one share; F2 — the RSUs were granted under the 2020 Stock Incentive Plan on Feb 10, 2025; 625 shares vested on Feb 10, 2026, with remaining tranches of 625 shares vesting annually Feb 10, 2027–2029.
• Transaction code M indicates exercise or conversion of a derivative (here, RSUs).

Context

• This was a vesting/conversion of an award rather than an open-market purchase or a cash sale. The filing shows a simultaneous disposition of the converted shares; Form 4 does not specify the reason (companies commonly withhold or settle shares for taxes or other plan requirements). Such award vesting is routine compensation recognition and should be interpreted differently from insider purchases or opportunistic sales.