Form 4: SCANSOURCE Director Acquires Shares Under 10b5-1 Plan
Insider Transaction Report
SCANSOURCE Director Vernon J. Nagel acquired 3,693 shares of common stock, increasing his beneficial ownership to 11,593 shares, effective September 1, 2025.
Summary
- Vernon J. Nagel, a Director of SCANSOURCE, INC. (SCSC), acquired 3,693 shares of common stock.
- The transaction occurred on September 1, 2025, and was reported as an acquisition (A) at a price of $0.00 per share.
- Following this transaction, Mr. Nagel's direct beneficial ownership of SCANSOURCE common stock increased to 11,593 shares.
- The acquisition was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged transaction.
Sentiment
Score: 7
Explanation: The acquisition of shares by a director, even if a grant, generally indicates alignment of interests and confidence in the company's future, contributing to a positive sentiment. The transaction being pre-planned via a 10b5-1 plan makes it an expected event rather than a spontaneous market purchase.
Positives
- A Director, Vernon J. Nagel, increased his stake in SCANSOURCE, INC. by acquiring 3,693 shares of common stock.
- The acquisition, even at a $0.00 price, aligns the director's interests with those of shareholders, signaling confidence in the company's future performance.
Future Outlook
The reported transaction, an acquisition of 3,693 shares of common stock by Director Vernon J. Nagel, is scheduled for September 1, 2025, and was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged future transaction.
Industry Context
NA
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Plan | The transaction was executed pursuant to a Rule 10b5-1(c) plan, which allows insiders to set up a pre-arranged plan for buying or selling company stock to avoid accusations of insider trading. | 09/01/2025 | Enhances transparency and provides an affirmative defense against insider trading allegations for the reporting person, aligning with best practices for corporate governance regarding insider transactions. |
Stakeholder Impact
- Shareholders: The acquisition of shares by a director increases management's alignment with shareholder interests, potentially fostering greater confidence in the company's long-term prospects.
Key Dates
| Date | Description |
|---|---|
| 09/01/2025 | Date of transaction for the acquisition of common stock by Vernon J. Nagel. |
| 09/03/2025 | Date the Form 4 was signed by the attorney-in-fact, J. Creighton Lynes. |
Keywords
SCANSOURCE, SCSC, Vernon J. Nagel, Director, Stock Acquisition, Insider Trading, Form 4, Common Stock, Beneficial Ownership, 10b5-1 Plan
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