Form 4: ScanSource SEVP & CFO Stephen Jones Reports Stock Transactions
SEC Form 4 Filing
Stephen Jones, SEVP & CFO of ScanSource, reports acquisition of shares via stock award and disposition of shares to cover tax obligations.
Summary
- On August 27, 2024, Stephen Jones, SEVP & CFO of ScanSource, acquired 18,349 shares of common stock due to a stock award.
- On the same day, Jones disposed of 9,792 shares of common stock at a price of $47.9 to satisfy tax withholding obligations.
- Following these transactions, Jones directly owns 58,094 shares of ScanSource common stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing reflects routine stock transactions related to executive compensation and tax obligations.
Positives
- The acquisition of 18,349 shares indicates continued alignment of the CFO's interests with the company's performance.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 08/27/2024 | Date of stock acquisition and disposition. |
| 08/29/2024 | Date of signature by attorney-in-fact. |
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