Form 4: ScanSource CEO Michael Baur Sells Shares Under 10b5-1 Plan

Michael Baur, CEO and Chair of the Board of ScanSource, Inc., sold shares of common stock on June 3, 2024, under a pre-arranged Rule 10b5-1 sales plan.

Summary

• On June 3, 2024, Michael L Baur, the CEO and Chair of the Board of ScanSource, Inc. (SCSC), sold shares of the company's common stock.
• The sales were executed under a Rule 10b5-1 sales plan adopted on September 1, 2023.
• A total of 3,266 shares were sold at a weighted average price of $47.06, with individual prices ranging from $46.82 to $47.64.
• An additional 5,787 shares were sold at a weighted average price of $48.16, with individual prices ranging from $47.93 to $48.28.
• Following these transactions, Michael Baur directly owns 118,080 shares of ScanSource, Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-arranged plan, which is a common practice. There is no indication of positive or negative implications for the company's performance.

Industry Context

Sales by insiders are common and often pre-planned, especially when executed under a 10b5-1 plan. These plans allow insiders to sell shares over a period of time without being accused of trading on non-public information. The market typically views these sales in the context of the overall financial health and future prospects of the company.

Comparison to Industry Standards

• Insider sales are a common occurrence in publicly traded companies.
• The use of 10b5-1 plans is a standard practice to avoid accusations of illegal insider trading.
• Comparing the size and frequency of these sales to those of executives at similar companies like Ingram Micro or Tech Data could provide additional context.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders if it creates downward pressure on the stock price, although sales under 10b5-1 plans are usually anticipated by the market.

Key Dates