Companies PC Connection Inc
PC Connection (CNXN): executive pay, fiscal 2025
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CEO pay, last three years
- $1,915,864FY2023
- $5,075,653FY2024
- $7,502,050FY2025
CEO total pay was $7,502,050 in fiscal 2025, up from $5,075,653 in fiscal 2024.
FY2025: salary $1,265,000 · stock awards $5,037,600
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Timothy McGrath | $1,265,000 | — | $5,037,600 | — | $1,189,100 | — | $10,350 | $7,502,050 |
| President and Chief Executive Officer | ||||||||
| Thomas Baker | 453,750 | — | 2,518,800 | — | 426,525 | — | 10,500 | 3,409,575 |
| Senior Vice President, Chief Financial Officer and Treasurer | ||||||||
| Patricia Gallup | 327,000 | — | 2,671,250 | — | 230,535 | — | 120,500 | 3,349,285 |
| Chief Administrative Officer and Chair of the Board | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Timothy McGrath | $7,502,050 | $5,075,653 | $1,915,864 | ↑ +2,426,397 |
| Thomas Baker | 3,409,575 | 2,187,788 | 637,114 | ↑ +1,221,787 |
| Patricia Gallup | 3,349,285 | 1,968,862 | 569,525 | ↑ +1,380,423 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The Compensation Committee's primary objectives are to attract, retain, and motivate executives and to create long-term stockholder value by aligning executive compensation with corporate strategies and business objectives. The program links short- and long-term cash and equity incentives to the achievement of measurable company performance goals, targeting compensation levels at or near the midpoint of the peer group.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Pearl Meyer & Partners |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | false |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Thomas Baker | RSU | 2025-12-16 | — | — | 20,000 | — | $1,219,600 |
| Timothy McGrath | RSU | 2025-02-10 | — | — | 40,000 | — | 2,598,400 |
| Timothy McGrath | RSU | 2025-12-16 | — | — | 40,000 | — | 2,439,200 |
| Patricia Gallup | RSU | 2025-02-10 | — | — | 20,000 | — | 1,299,200 |
| Thomas Baker | RSU | 2025-02-10 | — | — | 20,000 | — | 1,299,200 |
| Patricia Gallup | RSU | 2025-12-16 | — | — | 22,500 | — | 1,372,050 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Thomas Baker | $2,518,800 | $0 | $0 | 0.0% |
| Timothy McGrath | 5,037,600 | 0 | 0 | 0.0% |
| Patricia Gallup | 2,671,250 | 0 | 0 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Patricia Gallup | RSU | 1,000 | — | $57,760 |
| Thomas Baker | RSU | 5,000 | — | 288,800 |
| Patricia Gallup | RSU | 6,750 | — | 410,818 |
| Timothy McGrath | RSU | 15,000 | — | 866,400 |
| Thomas Baker | PSU | 15,000 | — | 866,400 |
| Patricia Gallup | PSU | 15,000 | — | 866,400 |
| Timothy McGrath | PSU | 20,000 | — | 1,155,200 |
| Thomas Baker | RSU | 20,000 | — | 1,220,150 |
| Timothy McGrath | RSU | 55,000 | — | 3,383,900 |
| Timothy McGrath | RSU | 577,600 | — | 37,185,888 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Jay BothwickIndependent · Corporate Development (Chair) | $140,000 | $314,850 | — | — | — | $454,850 |
| Jack FergusonIndependent · Audit (Chair) · Compensation · Corporate Development | 105,000 | 314,850 | — | — | — | 419,850 |
| Barbara DuckettIndependent · Audit · Compensation (Chair) · Corporate Development | 100,000 | 276,738 | — | — | — | 376,738 |
| David Beffa-NegriniIndependent · Audit | 95,000 | 238,625 | — | — | — | 333,625 |
| Gary KinyonIndependent | 95,000 | 238,625 | — | — | — | 333,625 |
| Patricia GallupEmployee director · Board Chair | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $75,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 10,000 / 5,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $535,000 |
| Equity awards (grant-date value) | $1,383,688 |
| All other compensation | $0 |
| Total cost of the board | $1,918,688 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names PC Connection as a peer
Companies that benchmark against CNXN
5 companies name CNXN as a compensation peer
- Climb Global Solutions, Inc.CLMBFY2025
- EPLUS INCPLUSFY2026
- Gold.com, Inc.GOLDFY2026
- INSIGHT ENTERPRISES INCNSITFY2025
- ODP CorpODPFY2024
- SCANSOURCE, INC.SCSCFY2026
Each company listed discloses CNXN in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named CNXN in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Disclosed peer group — fiscal year 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Peer reciprocity
The companies PC Connection Inc names as compensation peers that name it back in their own disclosed peer groups.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Alteryx, Inc. | 2022 | Mark Anderson | $650,000 | $55,823,051 | $0 | $650,000 | $57,191,521 |
| 2 | Caci International Inc. | 2026 | John Mengucci | 1,387,242 | 13,000,063 | 0 | 3,484,962 | 18,674,436 |
| 3 | RingCentral, Inc. | 2024 | Vladimir Shmunis | 376,367 | 14,565,146 | 0 | 533,311 | 15,491,096 |
| 4 | CommScope Holding Company, Inc. | 2025 | Charles Treadway | 1,300,000 | 10,001,250 | 0 | 4,095,000 | 15,417,850 |
| 5 | CDW Corporation | 2025 | Christine Leahy | 1,073,654 | 11,759,937 | 0 | 2,162,592 | 15,009,507 |
| 6 | Xerox Holdings Corporation | 2025 | Steven Bandrowczak | 1,100,000 | 11,466,184 | 0 | 0 | 12,581,826 |
| 7 | Insight Enterprises, Inc. | 2025 | Joyce Mullen | 1,000,000 | 8,085,326 | 0 | 1,383,000 | 10,498,947 |
| 8 | ScanSource, Inc. | 2026 | Michael Baur | 1,100,000 | 6,044,346 | 0 | 2,139,814 | 9,682,834 |
| 9 | Diebold Nixdorf, Incorporated | 2025 | Octavio Marquez | 850,000 | 3,075,002 | 0 | 4,740,267 | 8,694,401 |
| 10 | ePlus, Inc. | 2026 | Mark Marron | 975,000 | 4,799,821 | 0 | 2,612,631 | 8,496,983 |
| 11 | Applied Industrial Technologies, Inc. | 2026 | Neil Schrimsher | 1,025,000 | 3,718,060 | 1,387,972 | 1,334,345 | 7,699,136 |
| 12 | PC Connection Inc | 2025 | Timothy McGrath | 1,265,000 | 5,037,600 | — | 1,189,100 | 7,502,050 |
| 13 | Benchmark Electronics, Inc. | 2025 | Jeffrey Benck | 1,025,885 | 5,000,000 | 0 | 1,278,570 | 7,411,869 |
| 14 | Envestnet, Inc. | 2023 | William Crager | 650,000 | 3,520,568 | 0 | 0 | 4,880,843 |
| 15 | Global Industrial Company | 2025 | Anesa Chaibi | 826,923 | 1,500,023 | 254,311 | 1,255,000 | 4,413,641 |
| — | Thoughtworks Holding, Inc. | — | — | — | — | — | — | not in coverage universe |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| PC Connection Inc | not disclosed | RSU 100 | not disclosed | Pearl Meyer & Partners |
| Alteryx, Inc. | 100% | RSU 75 · PSU 25 | No | Alpine Rewards |
| Applied Industrial Technologies, Inc. | not disclosed | PSU 50 · Options 25 · RSU 25 | No | Pay Governance |
| Benchmark Electronics, Inc. | 95.87% | PSU 50 · RSU 50 | No | Pearl Meyer & Partners, LLC |
| Caci International Inc. | not disclosed | RSU 50 · PSU 50 | No | Mercer |
| CDW Corporation | 100.12% | PSU 60 · RSU 40 | No | Frederic W. Cook & Co., Inc. |
| CommScope Holding Company, Inc. | 210% | not disclosed | No | Compensia |
| Diebold Nixdorf, Incorporated | 106.09% | RSU 50 · Cash LTI 50 | No | Semler Brossy Consulting Group (2025); Meridian Compensation Partners (2026 forward) |
| Envestnet, Inc. | not disclosed | RSU 50 · PSU 50 | not disclosed | Willis Towers Watson US LLC |
| ePlus, Inc. | 200% | RSU 57 · PSU 34 · Cash LTI 9 | No | Pay Governance LLC |
| Global Industrial Company | not disclosed | PRSU 50 · RSU 50 | not disclosed | Korn Ferry, US |
| Insight Enterprises, Inc. | 92.2% | PSU 60 · RSU 40 | Yes — Relative Total Shareholder Return (rTSR) | Meridian Compensation Partners, LLC |
| RingCentral, Inc. | not disclosed | not disclosed | No | Compensia |
| ScanSource, Inc. | not disclosed | RSU 50 · PRSU 50 | not disclosed | Pearl Meyer |
| Thoughtworks Holding, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Xerox Holdings Corporation | not disclosed | PSU 50 · RSU 50 | No | Pay Governance LLC |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2025 | 2025-05-14 | 23,357,253 | 892,998 | 25,654 | 96.32% | Passed |
| 2022 | 2022-05-18 | 24,062,399 | 646,402 | 31,084 | 97.38% | Passed |
| 2019 | 2019-05-22 | 24,066,883 | 449,038 | 118,245 | 98.17% | Passed |
| 2016 | 2016-05-25 | 24,352,308 | 72,386 | 150,544 | 99.7% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2025 | 2025-05-14 | 96.32%a |
| 2022 | 2022-05-18 | 97.38%b |
| 2019 | 2019-05-22 | 98.17%c |
a. Approved under the standard stated in the filing — “Abstentions are not considered votes cast for the foregoing purpose and will have no effect on the vote for Proposal 2, Proposal 3, Proposal 4, Proposal 5, or Proposal 6 or the shares voting on such matter.”.
b. Approved under the standard stated in the filing — “Abstentions are not considered votes cast for the foregoing purpose, and will have no effect on the vote for the proposal.”.
c. Approved under the standard stated in the filing — “Abstentions are not considered votes cast for the foregoing purpose, and will have no effect on the vote for these proposals.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 97 : 1 |
|---|---|
| CEO total compensation | $7,502,050 |
| Median employee compensation | $77,723 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (39 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Timothy McGrath. DEF 14A, filed 2026-03-27. Section “Executive Compensation”. As printed: 7,502,050. View filing ↗
- Section 01, Thomas Baker. DEF 14A, filed 2026-03-27. Section “Executive Compensation”. As printed: 3,409,575. View filing ↗
- Section 01, Patricia Gallup. DEF 14A, filed 2026-03-27. Section “Executive Compensation”. As printed: 3,349,285. View filing ↗
- Section 03, Thomas Baker RSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Timothy McGrath RSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Timothy McGrath RSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Patricia Gallup RSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Thomas Baker RSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Patricia Gallup RSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-03-27. Section “CEO Pay Ratio”. As printed: 97 : 1. View filing ↗
- Section 08, Jay Bothwick. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 454,850. View filing ↗
- Section 08, Jack Ferguson. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 419,850. View filing ↗
- Section 08, Barbara Duckett. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 376,738. View filing ↗
- Section 08, David Beffa-Negrini. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 333,625. View filing ↗
- Section 08, Gary Kinyon. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 333,625. View filing ↗
- Section 08, Patricia Gallup. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-14. Item 5.07 · say-on-pay result. As reported: 96.32% (votes for as printed: 23,357,253). View filing ↗
- Section 06, 2022 vote. Form 8-K, filed 2022-05-19. Item 5.07 · say-on-pay result. As reported: 97.38%. View filing ↗
- Section 06, 2019 vote. Form 8-K, filed 2019-05-24. Item 5.07 · say-on-pay result. As reported: 98.17%. View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 535,000 + equity 1,383,688 + all other 0 = 1,918,688, summed across the director compensation table rows.
- Alteryx, Inc., Section 10b CEO total. DEF 14A, filed 2023-04-04. CEO total compensation as printed in Alteryx, Inc.'s own proxy. As printed: 57,191,521. View filing ↗
- Caci International Inc., Section 10b CEO total. DEF 14A, filed 2026-09-04. CEO total compensation as printed in Caci International Inc.'s own proxy. As printed: 18,674,436. View filing ↗
- RingCentral, Inc., Section 10b CEO total. DEF 14A, filed 2025-12-09. CEO total compensation as printed in RingCentral, Inc.'s own proxy. As printed: 15,491,096. View filing ↗
- CommScope Holding Company, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-23. CEO total compensation as printed in CommScope Holding Company, Inc.'s own proxy. As printed: 15,417,850. View filing ↗
- CDW Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in CDW Corporation's own proxy. As printed: 15,009,507. View filing ↗
- Xerox Holdings Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-07. CEO total compensation as printed in Xerox Holdings Corporation's own proxy. As printed: 12,581,826. View filing ↗
- Insight Enterprises, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Insight Enterprises, Inc.'s own proxy. As printed: 10,498,947. View filing ↗
- ScanSource, Inc., Section 10b CEO total. DEF 14A, filed 2026-10-26. CEO total compensation as printed in ScanSource, Inc.'s own proxy. As printed: 9,682,834. View filing ↗
- Diebold Nixdorf, Incorporated, Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Diebold Nixdorf, Incorporated's own proxy. As printed: 8,694,401. View filing ↗
- ePlus, Inc., Section 10b CEO total. DEF 14A, filed 2026-07-24. CEO total compensation as printed in ePlus, Inc.'s own proxy. As printed: 8,496,983. View filing ↗
- Applied Industrial Technologies, Inc., Section 10b CEO total. DEF 14A, filed 2026-09-10. CEO total compensation as printed in Applied Industrial Technologies, Inc.'s own proxy. As printed: 7,699,136. View filing ↗
- PC Connection Inc (subject), Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in PC Connection Inc's own proxy. As printed: 7,502,050. View filing ↗
- Benchmark Electronics, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-17. CEO total compensation as printed in Benchmark Electronics, Inc.'s own proxy. As printed: 7,411,869. View filing ↗
- Envestnet, Inc., Section 10b CEO total. DEF 14A, filed 2024-04-05. CEO total compensation as printed in Envestnet, Inc.'s own proxy. As printed: 4,880,843. View filing ↗
- Global Industrial Company, Section 10b CEO total. DEF 14A, filed 2026-04-22. CEO total compensation as printed in Global Industrial Company's own proxy. As printed: 4,413,641. View filing ↗
- Section 10a, Insight Enterprises, Inc. reciprocity. DEF 14A. Insight Enterprises, Inc. names PC Connection Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, ScanSource, Inc. reciprocity. DEF 14A. ScanSource, Inc. names PC Connection Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗