MCGRATH TIMOTHY J 4

What Happened
Timothy J. McGrath, President & CEO of PC Connection, converted 10,000 restricted stock units (RSUs) into 10,000 shares on March 14, 2026 (reported on Form 4). To satisfy tax withholding, 3,935 of those shares were withheld/disposed at $59.84 per share for a tax payment of $235,470. The RSU conversion price is reported as $0 since these were vested awards, so McGrath received a net of about 6,065 shares (10,000 gross − 3,935 withheld).

Key Details

• Transaction date: March 14, 2026; Form 4 filed March 16, 2026 (timely filing).
• Conversion (code M): 10,000 RSUs converted into 10,000 common shares at $0.00 (vesting event).
• Tax withholding (code F): 3,935 shares disposed/withheld at $59.84/share = $235,470.
• Net shares retained: ~6,065 shares; gross value of vested shares ≈ $598,400; net value retained ≈ $362,930 (based on $59.84/share).
• Footnotes: F1 clarifies each RSU = right to one share; F2 notes these RSUs were granted 3/14/2024, with 10,000 vested on 3/14/2026 and remaining tranches vesting annually in 2027 and 2028.
• Shares owned after the transaction: not specified in the provided excerpt.

Context
This was a routine vesting and conversion of RSUs under the company’s 2020 Stock Incentive Plan, not an open-market purchase or voluntary sale. The withholding of shares to cover tax obligations (a common practice) resulted in the reported disposition of 3,935 shares. Such vesting-withholding transactions generally reflect compensation mechanics rather than a direct signal of insider buying or selling intent.