Form 4: ScanSource SEVP & CFO Stephen Jones Reports Stock Disposals to Cover Tax Obligations

Stephen Jones, SEVP & CFO of ScanSource, Inc., reported disposing of shares to cover tax withholding obligations related to vesting restricted stock units.

Summary

• Stephen Jones, the SEVP & CFO of ScanSource, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On August 25, 2024, Jones disposed of 1,537 shares of common stock at a price of $49.19 to cover tax obligations.
• Following this transaction, Jones directly owns 51,815 shares of common stock.
• On August 26, 2024, Jones disposed of 2,278 shares of common stock at a price of $48.91 to cover tax obligations.
• Following this transaction, Jones directly owns 49,537 shares of common stock.
• The disposals were non-market transactions related to the vesting of restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock transactions for tax purposes. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and potential future actions.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to tax obligations and do not reflect a change in the company's fundamentals.

Key Dates