Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-10

PC Connection (CNXN)

CEO Timothy McGrath was paid $7,502,050 in fiscal year 2025, ↑ up 47.8% from fiscal year 2024, the 21st percentile of its disclosed peer group (SEC filing 0001104659-26-036089 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$7,502,050 ↑
Timothy McGrath total, FY2025
21st
CEO pay percentile vs peers
97:1
CEO-to-median pay ratio
96.32%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Timothy McGrath (President and Chief Executive Officer), FY2025 total compensation $7,502,050 (base salary $1,265,000) [exec_comp, SEC accession 0001104659-26-036089, filed 2026-03-27]

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CNXN's next annual pay disclosure, estimated March 27, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Timothy McGrath$1,265,000—$5,037,600—$1,189,100—$10,350$7,502,050
President and Chief Executive Officer
Thomas Baker453,750—2,518,800—426,525—10,5003,409,575
Senior Vice President, Chief Financial Officer and Treasurer
Patricia Gallup327,000—2,671,250—230,535—120,5003,349,285
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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Timothy McGrath$7,502,050$5,075,653$1,915,864↑ +2,426,397
Thomas Baker3,409,5752,187,788637,114↑ +1,221,787
Patricia Gallup3,349,2851,968,862569,525↑ +1,380,423

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against CNXN
5 companies name CNXN as a compensation peer

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.

01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
Patricia GallupExecutive$3,349,285
Thomas BakerCFO$3,409,575
Timothy McGrathCEO$7,502,050
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Barbara DuckettIndependent Director$376,738
David Beffa-NegriniIndependent Director$333,625
Gary KinyonIndependent Director$333,625
Jack FergusonIndependent Director$419,850
Jay BothwickIndependent Director$454,850
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Thomas BakerRSU2025-12-16——20,000—$1,219,600
Timothy McGrathRSU2025-02-10——40,000—2,598,400
Timothy McGrathRSU2025-12-16——40,000—2,439,200
Patricia GallupRSU2025-02-10——20,000—1,299,200
Thomas BakerRSU2025-02-10——20,000—1,299,200
Patricia GallupRSU2025-12-16——22,500—1,372,050
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Thomas Baker$2,518,800$0$00.0%
Timothy McGrath5,037,600000.0%
Patricia Gallup2,671,250000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Patricia GallupRSU6,750—$410,818
Timothy McGrathPSU20,000—1,155,200
Timothy McGrathRSU577,600—37,185,888
Timothy McGrathRSU55,000—3,383,900
Thomas BakerRSU20,000—1,220,150
Timothy McGrathRSU15,000—866,400
Thomas BakerPSU15,000—866,400
Patricia GallupPSU15,000—866,400
Thomas BakerRSU5,000—288,800
Patricia GallupRSU1,000—57,760
05

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 consultantPearl Meyer & Partners
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingfalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-05-1423,357,253892,99825,65496.32%Passed
20222022-05-1824,062,399646,40231,08497.38%Passed
20192019-05-2224,066,883449,038118,24598.17%Passed
20162016-05-2524,352,30872,386150,54499.7%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 yearMeeting dateApproval — company's computation
20252025-05-1496.32%a
20222022-05-1897.38%b
20192019-05-2298.17%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.

07

CEO pay ratio

Ratio (CEO : median employee)97 : 1
CEO total compensation—
Median employee compensation$77,723
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Jay BothwickIndependent · Corporate Development (Chair)$140,000$314,850———$454,850
Jack FergusonIndependent · Audit (Chair) · Compensation · Corporate Development105,000314,850———419,850
Barbara DuckettIndependent · Audit · Compensation (Chair) · Corporate Development100,000276,738———376,738
David Beffa-NegriniIndependent · Audit95,000238,625———333,625
Gary KinyonIndependent95,000238,625———333,625
Patricia GallupEmployee director · Board Chair—————0
09

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—
09b

Total cost of the board

ComponentFY2025
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.

10

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.

10a

Peer reciprocity

Of the companies PC Connection names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including PC Connection.

10b

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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Alteryx, Inc.2022Mark Anderson$650,000$55,823,051$0$650,000$57,191,521
2CACI International Inc.2026John Mengucci1,387,24213,000,06303,484,96218,674,436
3RingCentral, Inc.2024Vladimir Shmunis376,36714,565,1460533,31115,491,096
4CommScope Holding Company, Inc.2025Charles Treadway1,300,00010,001,25004,095,00015,417,850
5CDW Corporation2025Christine Leahy1,073,65411,759,93702,162,59215,009,507
6Xerox Holdings Corporation2025Steven Bandrowczak1,100,00011,466,1840012,581,826
7Insight Enterprises, Inc.2025Joyce Mullen1,000,0008,085,32601,383,00010,498,947
8Diebold Nixdorf, Incorporated2025Octavio Marquez850,0003,075,00204,740,2678,694,401
9ePlus, Inc.2026Mark Marron975,0004,799,82102,612,6318,496,983
10ScanSource, Inc.2025Michael Baur950,0005,118,78401,724,2508,231,119
11Applied Industrial Technologies, Inc.2026Neil Schrimsher1,025,0003,718,0601,387,9721,334,3457,699,136
12PC Connection2025Timothy McGrath1,265,0005,037,600—1,189,1007,502,050
13Benchmark Electronics, Inc.2025Jeffrey Benck1,025,8855,000,00001,278,5707,411,869
14Envestnet, Inc.2023William Crager650,0003,520,568004,880,843
15Global Industrial Company2025Anesa Chaibi826,9231,500,023254,3111,255,0004,413,641
—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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
PC Connectionnot disclosedRSU 100not disclosedPearl Meyer & Partners
Alteryx, Inc.100%RSU 75 · PSU 25NoAlpine Rewards
Applied Industrial Technologies, Inc.not disclosedPSU 50 · Options 25 · RSU 25NoPay Governance
Benchmark Electronics, Inc.95.87%PSU 50 · RSU 50NoPearl Meyer & Partners, LLC
CACI International Inc.not disclosedRSU 50 · PSU 50NoMercer
CDW Corporation100.12%PSU 60 · RSU 40NoFrederic W. Cook & Co., Inc.
CommScope Holding Company, Inc.210%not disclosedNoCompensia
Diebold Nixdorf, Incorporated106.09%RSU 50 · Cash LTI 50NoSemler Brossy Consulting Group (2025); Meridian Compensation Partners (2026 forward)
Envestnet, Inc.not disclosedRSU 50 · PSU 50not disclosedWillis Towers Watson US LLC
ePlus, Inc.200%RSU 57 · PSU 34 · Cash LTI 9NoPay Governance LLC
Global Industrial Companynot disclosednot disclosednot disclosednot disclosed
Insight Enterprises, Inc.92.2%PSU 60 · RSU 40Yes — Relative Total Shareholder Return (rTSR)Meridian Compensation Partners, LLC
RingCentral, Inc.not disclosednot disclosedNoCompensia
ScanSource, Inc.121%not disclosedNoPearl Meyer
Thoughtworks Holding, Inc.not disclosednot disclosednot disclosednot disclosed
Xerox Holdings Corporationnot disclosedPSU 50 · RSU 50NoPay 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.

10d

Frequently asked questions

Who was the highest-paid executive at PC Connection in fiscal 2025?
As disclosed, Timothy McGrath (President and Chief Executive Officer) was the highest-paid executive at PC Connection in fiscal 2025, with total compensation of $7,502,050.
How does PC Connection's chief executive pay compare to its disclosed peer group?
As disclosed, Timothy McGrath's total compensation ranked at the 21st percentile of PC Connection's disclosed peer group.
What is PC Connection's CEO-to-median employee pay ratio?
As disclosed, PC Connection's CEO-to-median employee pay ratio was 97:1.
How did shareholders vote on PC Connection's executive compensation?
As disclosed, 96.32% of shareholders supported PC Connection's executive compensation in the latest say-on-pay vote.
How much does PC Connection spend in total on board compensation for fiscal 2025?
As disclosed, PC Connection reported total board compensation of $1,918,688 for fiscal 2025.

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.

11

Source register

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.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Timothy McGrathDEF 14A2026-03-270001104659-26-036089Section “Executive Compensation”. As printed: 7,502,050. View filing ↗
2Section 01, Thomas BakerDEF 14A2026-03-270001104659-26-036089Section “Executive Compensation”. As printed: 3,409,575. View filing ↗
3Section 01, Patricia GallupDEF 14A2026-03-270001104659-26-036089Section “Executive Compensation”. As printed: 3,349,285. View filing ↗
4Section 03, Thomas Baker RSUDEF 14A2026-03-270001104659-26-036089Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
5Section 03, Timothy McGrath RSUDEF 14A2026-03-270001104659-26-036089Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
6Section 03, Timothy McGrath RSUDEF 14A2026-03-270001104659-26-036089Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
7Section 03, Patricia Gallup RSUDEF 14A2026-03-270001104659-26-036089Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
8Section 03, Thomas Baker RSUDEF 14A2026-03-270001104659-26-036089Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
9Section 03, Patricia Gallup RSUDEF 14A2026-03-270001104659-26-036089Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
10Section 07, pay ratioDEF 14A2026-03-270001104659-26-036089Section “CEO Pay Ratio”. As printed: 97 : 1. View filing ↗
11Section 08, Jay BothwickDEF 14A2026-03-270001104659-26-036089Section “Director Compensation”. As printed: 454,850. View filing ↗
12Section 08, Jack FergusonDEF 14A2026-03-270001104659-26-036089Section “Director Compensation”. As printed: 419,850. View filing ↗
13Section 08, Barbara DuckettDEF 14A2026-03-270001104659-26-036089Section “Director Compensation”. As printed: 376,738. View filing ↗
14Section 08, David Beffa-NegriniDEF 14A2026-03-270001104659-26-036089Section “Director Compensation”. As printed: 333,625. View filing ↗
15Section 08, Gary KinyonDEF 14A2026-03-270001104659-26-036089Section “Director Compensation”. As printed: 333,625. View filing ↗
16Section 08, Patricia GallupDEF 14A2026-03-270001104659-26-036089Section “Director Compensation”. As printed: 0. View filing ↗
17Section 06, 2025 voteForm 8-K2025-05-140001558370-25-007737Item 5.07 · say-on-pay result. As reported: 96.32% (votes for as printed: 23,357,253). View filing ↗
18Section 06, 2022 voteForm 8-K2022-05-190001558370-22-009190Item 5.07 · say-on-pay result. As reported: 97.38%. View filing ↗
19Section 06, 2019 voteForm 8-K2019-05-240001558370-19-005307Item 5.07 · say-on-pay result. As reported: 98.17%. View filing ↗
20Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.
21Section 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).
22Section 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.
23Alteryx, Inc., Section 10b CEO totalDEF 14A2023-04-040001140361-23-016229CEO total compensation as printed in Alteryx, Inc.'s own proxy. As printed: 57,191,521. View filing ↗
24CACI International Inc., Section 10b CEO totalDEF 14A2026-09-040001628280-26-060738CEO total compensation as printed in CACI International Inc.'s own proxy. As printed: 18,674,436. View filing ↗
25RingCentral, Inc., Section 10b CEO totalDEF 14A2025-12-090001384905-25-000059CEO total compensation as printed in RingCentral, Inc.'s own proxy. As printed: 15,491,096. View filing ↗
26CommScope Holding Company, Inc., Section 10b CEO totalDEF 14A2026-03-230001193125-26-119884CEO total compensation as printed in CommScope Holding Company, Inc.'s own proxy. As printed: 15,417,850. View filing ↗
27CDW Corporation, Section 10b CEO totalDEF 14A2026-04-100001308179-26-000251CEO total compensation as printed in CDW Corporation's own proxy. As printed: 15,009,507. View filing ↗
28Xerox Holdings Corporation, Section 10b CEO totalDEF 14A2026-04-070001770450-26-000020CEO total compensation as printed in Xerox Holdings Corporation's own proxy. As printed: 12,581,826. View filing ↗
29Insight Enterprises, Inc., Section 10b CEO totalDEF 14A2026-04-020000932696-26-000029CEO total compensation as printed in Insight Enterprises, Inc.'s own proxy. As printed: 10,498,947. View filing ↗
30Diebold Nixdorf, Incorporated, Section 10b CEO totalDEF 14A2026-04-020001193125-26-140284CEO total compensation as printed in Diebold Nixdorf, Incorporated's own proxy. As printed: 8,694,401. View filing ↗
31ePlus, Inc., Section 10b CEO totalDEF 14A2026-07-240001140361-26-029593CEO total compensation as printed in ePlus, Inc.'s own proxy. As printed: 8,496,983. View filing ↗
32ScanSource, Inc., Section 10b CEO totalDEF 14A2025-10-230001193125-25-248757CEO total compensation as printed in ScanSource, Inc.'s own proxy. As printed: 8,231,119. View filing ↗
33Applied Industrial Technologies, Inc., Section 10b CEO totalDEF 14A2026-09-100001193125-26-387870CEO total compensation as printed in Applied Industrial Technologies, Inc.'s own proxy. As printed: 7,699,136. View filing ↗
34PC Connection (subject), Section 10b CEO totalDEF 14A2026-03-270001104659-26-036089CEO total compensation as printed in PC Connection's own proxy. As printed: 7,502,050. View filing ↗
35Benchmark Electronics, Inc., Section 10b CEO totalDEF 14A2026-04-170001193125-26-161703CEO total compensation as printed in Benchmark Electronics, Inc.'s own proxy. As printed: 7,411,869. View filing ↗
36Envestnet, Inc., Section 10b CEO totalDEF 14A2024-04-050001104659-24-044267CEO total compensation as printed in Envestnet, Inc.'s own proxy. As printed: 4,880,843. View filing ↗
37Global Industrial Company, Section 10b CEO totalDEF 14A2026-04-220001628280-26-026622CEO total compensation as printed in Global Industrial Company's own proxy. As printed: 4,413,641. View filing ↗
38Section 10a, Applied Industrial Technologies, Inc. reciprocityDEF 14A—0001193125-26-387870Applied Industrial Technologies, Inc.'s most recent proxy was read; its disclosed peer group does not include PC Connection. View filing ↗
39Section 10a, Envestnet, Inc. reciprocityDEF 14A—0001104659-24-044267Envestnet, Inc.'s most recent proxy was read; its disclosed peer group does not include PC Connection. View filing ↗
40Section 10a, Alteryx, Inc. reciprocityDEF 14A—0001140361-23-016229Alteryx, Inc.'s most recent proxy was read; its disclosed peer group does not include PC Connection. View filing ↗
41Section 10a, RingCentral, Inc. reciprocityDEF 14A—0001384905-25-000059RingCentral, Inc.'s most recent proxy was read; its disclosed peer group does not include PC Connection. View filing ↗
42Section 10a, Insight Enterprises, Inc. reciprocityDEF 14A—0000932696-26-000029Insight Enterprises, Inc. names PC Connection in its own disclosed peer group (read from its most recent proxy). View filing ↗
43Section 10a, Diebold Nixdorf, Incorporated reciprocityDEF 14A—0001193125-26-140284Diebold Nixdorf, Incorporated's most recent proxy was read; its disclosed peer group does not include PC Connection. View filing ↗
44Section 10a, CACI International Inc. reciprocityDEF 14A—0001628280-26-060738CACI International Inc.'s most recent proxy was read; its disclosed peer group does not include PC Connection. View filing ↗
45Section 10a, Benchmark Electronics, Inc. reciprocityDEF 14A—0001193125-26-161703Benchmark Electronics, Inc.'s most recent proxy was read; its disclosed peer group does not include PC Connection. View filing ↗
46Section 10a, CDW Corporation reciprocityDEF 14A—0001308179-26-000251CDW Corporation's most recent proxy was read; its disclosed peer group does not include PC Connection. View filing ↗
47Section 10a, CommScope Holding Company, Inc. reciprocityDEF 14A—0001193125-26-119884CommScope Holding Company, Inc.'s most recent proxy was read; its disclosed peer group does not include PC Connection. View filing ↗
48Section 10a, Global Industrial Company reciprocityDEF 14A—0001628280-26-026622Global Industrial Company's most recent proxy was read; its disclosed peer group does not include PC Connection. View filing ↗
49Section 10a, Xerox Holdings Corporation reciprocityDEF 14A—0001770450-26-000020Xerox Holdings Corporation's most recent proxy was read; its disclosed peer group does not include PC Connection. View filing ↗
50Section 10a, ScanSource, Inc. reciprocityDEF 14A—0001193125-25-248757ScanSource, Inc. names PC Connection in its own disclosed peer group (read from its most recent proxy). View filing ↗