Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-04

PC Connection (CNXN)

Fiscal year 2025 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
29th
CEO pay percentile vs peers
97:1
CEO-to-median pay ratio
96.32%
Say-on-pay support, latest vote
Companies that benchmark against CNXN
4 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.

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 Baker453,7502,518,800426,52510,5003,409,575
Senior Vice President, Chief Financial Officer and Treasurer
Patricia Gallup327,0002,671,250230,535120,5003,349,285
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 FY20242025
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.

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 BakerRSU2025-12-1620,000$1,219,600
Thomas BakerRSU2025-02-1020,0001,299,200
Patricia GallupRSU2025-12-1622,5001,372,050
Patricia GallupRSU2025-02-1020,0001,299,200
Timothy McGrathRSU2025-02-1040,0002,598,400
Timothy McGrathRSU2025-12-1640,0002,439,200
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%
Patricia Gallup2,671,250000.0%
Timothy McGrath5,037,600000.0%

% 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 McGrathPSU20,0001,155,200
Timothy McGrathRSU577,60037,185,888
Timothy McGrathRSU55,0003,383,900
Thomas BakerRSU20,0001,220,150
Timothy McGrathRSU15,000866,400
Thomas BakerPSU15,000866,400
Patricia GallupPSU15,000866,400
Thomas BakerRSU5,000288,800
Patricia GallupRSU1,00057,760
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 Development105,000314,850419,850
Barbara DuckettIndependent · Audit · Compensation (Chair) · Corporate Development100,000276,738376,738
David Beffa-NegriniIndependent · Audit95,000238,625333,625
Gary KinyonIndependent95,000238,625333,625
Patricia GallupEmployee director · Board Chair0
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 Baur950,0005,003,74308,231,119
11PC Connection2025Timothy McGrath1,265,0005,037,6001,189,1007,502,050
12Benchmark Electronics, Inc.2025Jeffrey Benck1,025,8855,000,00001,278,5707,411,869
13Applied Industrial Technologies, Inc.2025Neil Schrimsher801,4033,162,6271,175,6511,173,7246,517,480
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.106.2%PSU 55 · Options 23 · RSU 23NoPay Governance
Benchmark Electronics, Inc.95.87%PSU 50 · RSU 50NoPearl Meyer & Partners, LLC
CACI International Inc.not disclosedRSU 50 · PRSU 50not disclosedMercer
CDW Corporation100.12%PSU 60 · RSU 40NoFrederic W. Cook & Co., Inc.
CommScope Holding Company, Inc.210%RSU 50 · PSU 50NoCompensia
Diebold Nixdorf, Incorporated106.09%RSU 50 · Cash LTI 50NoSemler Brossy Consulting Group (2025); Meridian Compensation Partners (2026 forward)
Envestnet, Inc.100%PSU 50 · RSU 50Yes — Relative TSR vs. Russell 2000 Index constituentsWillis 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)Compensation Consultant
RingCentral, Inc.not disclosednot disclosednot disclosedCompensia
ScanSource, Inc.121%RSU 50 · PSU 50NoPearl 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.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). 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. Filing ↗
2Section 01, Thomas BakerDEF 14A2026-03-270001104659-26-036089Section “Executive Compensation”. As printed: 3,409,575. Filing ↗
3Section 01, Patricia GallupDEF 14A2026-03-270001104659-26-036089Section “Executive Compensation”. As printed: 3,349,285. Filing ↗
4Section 03, Thomas Baker RSUDEF 14A2026-03-270001104659-26-036089Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 473032–473041
5Section 03, Thomas Baker RSUDEF 14A2026-03-270001104659-26-036089Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 468751–468760
6Section 03, Patricia Gallup RSUDEF 14A2026-03-270001104659-26-036089Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 489897–489906
7Section 03, Patricia Gallup RSUDEF 14A2026-03-270001104659-26-036089Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 485547–485556
8Section 03, Timothy McGrath RSUDEF 14A2026-03-270001104659-26-036089Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 452109–452118
9Section 03, Timothy McGrath RSUDEF 14A2026-03-270001104659-26-036089Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 456407–456416
10Section 07, pay ratioDEF 14A2026-03-270001104659-26-036089Section “CEO Pay Ratio”. As printed: 97 : 1. Filing ↗
11Section 08, Jay BothwickDEF 14A2026-03-270001104659-26-036089Section “Director Compensation”. As printed: 454,850. Filing ↗machine: span 238331–238499
12Section 08, Jack FergusonDEF 14A2026-03-270001104659-26-036089Section “Director Compensation”. As printed: 419,850. Filing ↗machine: span 240517–240685
13Section 08, Barbara DuckettDEF 14A2026-03-270001104659-26-036089Section “Director Compensation”. As printed: 376,738. Filing ↗machine: span 242895–243063
14Section 08, David Beffa-NegriniDEF 14A2026-03-270001104659-26-036089Section “Director Compensation”. As printed: 333,625. Filing ↗machine: span 245086–245254
15Section 08, Gary KinyonDEF 14A2026-03-270001104659-26-036089Section “Director Compensation”. As printed: 333,625. Filing ↗machine: span 247459–247627
16Section 08, Patricia GallupDEF 14A2026-03-270001104659-26-036089Section “Director Compensation”. As printed: 0. 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). Filing ↗
18Section 06, 2022 voteForm 8-K2022-05-190001558370-22-009190Item 5.07 · say-on-pay result. As reported: 97.38%. Filing ↗
19Section 06, 2019 voteForm 8-K2019-05-240001558370-19-005307Item 5.07 · say-on-pay result. As reported: 98.17%. Filing ↗
20Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
21Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
22Section 09b board cost (computed)ComputedcomputedCash 535,000 + equity 1,383,688 + all other 0 = 1,918,688, summed across the director compensation table rows.machine: formula: Σ = 1,918,688
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. Filing ↗machine: r1 · c24 · span 1147355–1147365
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. Filing ↗machine: r2 · c21 · span 646911–646921
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. Filing ↗machine: r2 · c42 · span 451975–451985
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. Filing ↗machine: t103 · r5 · c24 · span 2484821–2484831
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. Filing ↗machine: t146 · r1 · c16 · span 635414–635424
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. Filing ↗machine: r2 · c27 · span 752773–752783
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. Filing ↗machine: r2 · c21 · span 782672–782682
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. Filing ↗machine: r4 · c44 · span 1019127–1019137
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. Filing ↗machine: span 894393–894402
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. Filing ↗machine: r2 · c39 · span 771296–771305
33PC 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. Filing ↗
34Benchmark 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. Filing ↗machine: r4 · c25 · span 1354584–1354593
35Applied Industrial Technologies, Inc., Section 10b CEO totalDEF 14A2025-09-100001193125-25-200079CEO total compensation as printed in Applied Industrial Technologies, Inc.'s own proxy. As printed: 6,517,480. Filing ↗machine: r3 · c31 · span 736163–736172
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. Filing ↗machine: r1 · c48 · span 863945–863954
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. Filing ↗machine: r2 · c24 · span 599758–599767
38Section 10a, Insight Enterprises, Inc. reciprocityDEF 14A0000932696-26-000029Insight Enterprises, Inc. names PC Connection in its own disclosed peer group (read from its most recent proxy). Filing ↗
39Section 10a, RingCentral, Inc. reciprocityDEF 14A0001384905-25-000059RingCentral, Inc.'s most recent proxy was read; its disclosed peer group does not include PC Connection. Filing ↗
40Section 10a, Diebold Nixdorf, Incorporated reciprocityDEF 14A0001193125-26-140284Diebold Nixdorf, Incorporated's most recent proxy was read; its disclosed peer group does not include PC Connection. Filing ↗
41Section 10a, CACI International Inc. reciprocityDEF 14A0001628280-26-060738CACI International Inc.'s most recent proxy was read; its disclosed peer group does not include PC Connection. Filing ↗
42Section 10a, Applied Industrial Technologies, Inc. reciprocityDEF 14A0001193125-25-200079Applied Industrial Technologies, Inc.'s most recent proxy was read; its disclosed peer group does not include PC Connection. Filing ↗
43Section 10a, Benchmark Electronics, Inc. reciprocityDEF 14A0001193125-26-161703Benchmark Electronics, Inc.'s most recent proxy was read; its disclosed peer group does not include PC Connection. Filing ↗
44Section 10a, Envestnet, Inc. reciprocityDEF 14A0001104659-24-044267Envestnet, Inc.'s most recent proxy was read; its disclosed peer group does not include PC Connection. Filing ↗
45Section 10a, Global Industrial Company reciprocityDEF 14A0001628280-26-026622Global Industrial Company's most recent proxy was read; its disclosed peer group does not include PC Connection. Filing ↗
46Section 10a, Alteryx, Inc. reciprocityDEF 14A0001140361-23-016229Alteryx, Inc.'s most recent proxy was read; its disclosed peer group does not include PC Connection. Filing ↗
47Section 10a, CDW Corporation reciprocityDEF 14A0001308179-26-000251CDW Corporation's most recent proxy was read; its disclosed peer group does not include PC Connection. Filing ↗
48Section 10a, CommScope Holding Company, Inc. reciprocityDEF 14A0001193125-26-119884CommScope Holding Company, Inc.'s most recent proxy was read; its disclosed peer group does not include PC Connection. Filing ↗
49Section 10a, ScanSource, Inc. reciprocityDEF 14A0001193125-25-248757ScanSource, Inc. names PC Connection in its own disclosed peer group (read from its most recent proxy). Filing ↗
50Section 10a, Xerox Holdings Corporation reciprocityDEF 14A0001770450-26-000020Xerox Holdings Corporation's most recent proxy was read; its disclosed peer group does not include PC Connection. Filing ↗