Form 4: ScanSource SEVP Alexandre Conde Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Alexandre Conde, SEVP & Chief People Officer of ScanSource, Inc., reported the disposal of 572 shares of common stock to cover tax withholding obligations related to vesting restricted stock units on August 27, 2024.
Summary
- On August 27, 2024, Alexandre Conde, SEVP & Chief People Officer of ScanSource, Inc., disposed of 572 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations upon the vesting of restricted stock units.
- The price per share was $47.9.
- Following the transaction, Conde directly owns 46,254 shares of ScanSource common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, and it doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This transaction is related to tax obligations, which is a common occurrence when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 08/27/2024 | Date of stock disposal transaction. |
| 08/29/2024 | Date of signature on the Form 4 filing. |
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