GALLUP PATRICIA 4
4 · PC CONNECTION INC · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
PC Connection (CNXN) 10% Owner Patricia Gallup Converts 5,000 RSUs
What Happened
- Patricia Gallup (reported as a 10% owner) had 5,000 restricted stock units (RSUs) vest and convert into 5,000 shares of PC Connection, Inc. common stock on March 14, 2026. The Form 4 records an acquisition of 5,000 shares at $0.00 and a corresponding disposition of 5,000 derivative units at $0.00 — meaning the derivative interest (the RSUs) was settled in stock and no purchase price was paid.
Key Details
- Transaction date: March 14, 2026; Form 4 filed March 16, 2026 (timely filing).
- Reported transactions: 5,000 shares acquired via conversion/exercise of derivative (code M) at $0.00; 5,000 derivative units disposed at $0.00.
- Shares owned after transaction: not specified in the filing.
- Relevant footnotes: see below for RSU description, vesting schedule, and trust ownership details.
- No cash proceeds or open-market sale reported in this filing.
Context
- These were RSU vesting/conversion events (not an open-market buy or sale). Such conversions are routine settlement of awards and do not by themselves signal a buy or sell decision.
- Footnotes indicate the RSUs were granted under the 2020 Stock Incentive Plan; 5,000 vested on 3/14/2026 and remaining awards vest annually (5,000 on 3/14/2027 and 5,000 on 3/14/2028).
- Several footnotes note that some shares are held in trusts (Abbott Brook Trust, David Hall Trust 2003, North Branch Trust, Comack Trust-B, Abbott Brook Trust-B) where Ms. Gallup serves as trustee or beneficiary, and she disclaims beneficial ownership of certain securities except to the extent of pecuniary interest.
Footnote highlights (from filing)
- F1: Each RSU represents a contingent right to receive one share of common stock.
- F2: Reporting person disclaims beneficial ownership except to extent of pecuniary interest.
- F3–F7: Certain shares are held in various trusts for which Ms. Gallup is trustee/beneficiary.
- F8: RSUs granted 3/14/2024; 5,000 vested 3/14/2026; remaining 5,000 vest 3/14/2027 and 3/14/2028.
Insider Transaction Report
Form 4
GALLUP PATRICIA
DirectorChairman & Chief Admin Officer10% Owner
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-03-14+5,000→ 2,533,258 total - Exercise/Conversion
Restricted Stock Units
[F1][F8]2026-03-14−5,000→ 10,000 total→ Common Stock (5,000 underlying)
Holdings
- 15,133(indirect: By Spouse)
Common Stock
[F2] - 906,837(indirect: By Trust)
Common Stock
[F3] - 7,042,055(indirect: By Trust)
Common Stock
[F4] - 275,000(indirect: By Trust)
Common Stock
[F5] - 1,000,000(indirect: By Trust)
Common Stock
[F6] - 2,000,000(indirect: By Trust)
Common Stock
[F7]
Footnotes (8)
- [F1]Each restricted stock unit represents a contingent right to receive on share of common stock.
- [F2]The reporting person disclaims beneficial ownership of these securities, except to the extent of such person's pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F3]These shares are held directly by the Abbott Brook Trust, a grantor retained annuity trust formed under the laws of the State of New Hampshire. The reporting person is the sole trustee of the Abbott Brook Trust.
- [F4]These shares are held directly by the David Hall Trust 2003, an irrevocable trust formed under the laws of the State of New Hampshire. Ms. Gallup serves as the sole trustee and is the sole beneficiary of the shares held by the David Hall Trust 2003.
- [F5]These shares are held directly by the North Branch Trust, an irrevocable trust formed under the laws of the State of New Hampshire. Ms. Gallup serves as the sole trustee of the North Branch Trust.
- [F6]These shares are held directly by the Comack Trust-B, a grantor retained annuity trust formed under the laws of the State of New Hampshire. The reporting person is the sole trustee of the Comack Trust-B.
- [F7]These shares are held directly by the Abbott Brook Trust-B, a grantor retained annuity trust formed under the laws of the State of New Hampshire. The reporting person is the sole trustee of the Abbott Brook Trust-B.
- [F8]The restricted stock units were granted under the PC Connection, Inc. 2020 Stock Incentive Plan on March 14, 2024. 5,000 shares vested on March 14, 2026, and the remaining shares are scheduled to vest as follows; 5,000 shares annually on March 14, 2027 through March 14, 2028.
Signature
/s/Timothy J. McGrath, attorney-in-fact for Gallup Patricia|2026-03-16