Form 4: ScanSource Executive Shana C. Smith Reports Stock Transaction
SEC Form 4 Filing
Shana C. Smith, a Senior EVP & Chief Legal Officer at ScanSource, Inc., reported a transaction involving the withholding of shares for tax obligations.
Summary
- On August 25, 2024, Shana C. Smith, a Senior EVP & Chief Legal Officer at ScanSource, Inc. (SCSC), reported a transaction on SEC Form 4.
- The transaction involved the withholding of 522 shares of common stock at a price of $49.19 per share to satisfy tax withholding obligations upon the vesting of restricted stock units.
- Following the transaction, Smith directly owns 15,941 shares of ScanSource common stock.
- The transaction was a non-market transaction.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to a routine stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations on vested stock, which is a common occurrence.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax-related stock withholding.
Key Dates
| Date | Description |
|---|---|
| 08/25/2024 | Date of the reported transaction (stock withholding for tax obligations). |
| 08/27/2024 | Date of signature by attorney-in-fact. |
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