Bothwick Jay E 4

What Happened

• Jay E. Bothwick, a director of PC Connection, had 625 restricted stock units (RSUs) vest and convert into 625 shares on March 14, 2026 (reported on a Form 4 filed March 16, 2026). The conversion is reported as an exercise/conversion of a derivative (transaction code M) at $0.00 per share (no cash paid). The filing also reports a simultaneous disposition of 625 shares at $0.00.
• This activity reflects the vesting/settlement of RSUs granted under the PC Connection, Inc. 2020 Stock Incentive Plan on March 14, 2024. Per the filing, 625 shares vested on March 14, 2026; remaining RSUs vest 625 shares annually on March 14, 2027 and March 14, 2028.

Key Details

• Transaction date: 2026-03-14; Form 4 filed: 2026-03-16.
• Reported transactions: +625 shares acquired via conversion of RSUs @ $0.00; -625 shares disposed @ $0.00 (both coded M for exercise/conversion).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: F1 clarifies each RSU converts to one share; F2 details the original grant date and vesting schedule.
• Timeliness: Filing appears timely (reported two days after the transaction); no late filing flag noted.

Context

• RSU vesting results in share acquisition as compensation rather than a market purchase; these are routine compensation events and do not alone indicate insider buying as a signal of confidence.
• The filing shows an equal disposition of the same number of shares at $0.00; the Form 4 does not state the reason. Such dispositions after vesting are commonly for tax withholding or net settlement, but the filing does not specify the mechanism.
• This transaction involves a director and vested awards, not a 10% owner or open-market purchase/sale reported for investment signaling.