PC Connection chairman Patricia Gallup sells $1.26M in trust shares

PC Connection Inc. Chairman Patricia Gallup sold a substantial portion of her company's shares, valued at $1.26 million, through a trust. The transactions took place on November 3 and November 4, 2026, with the sale of 14,284 shares at prices between $86.67 and $88.96 per share. The shares were sold via the David Hall Trust 2003, a trust Gallup controls as the sole trustee and beneficiary.

The sale was executed under a pre-established Rule 10b5-1 trading plan, approved by the trust in March 2026. Despite a recent 8% decline in stock price, the stock has still seen a 39% increase year-to-date. Financial analysis suggests the company is currently undervalued, with a P/E ratio of 19.92 and a PEG ratio of 0.81. Gallup's direct beneficial ownership of CNXN shares has decreased to 583,362 after the sale.

Indirectly, through various trusts she manages, her ownership stands at 6,884,907 shares. Connection reported better-than-anticipated Q3 2026 results, with adjusted earnings of $1.24 per share and revenue of $874.3 million, surpassing market expectations. The company's latest performance highlights a 23.3% year-over-year increase in net sales.