Form 4: ScanSource SEVP & CFO Stephen Jones Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Stephen Jones, SEVP & CFO of ScanSource, Inc., sold a total of 8,500 shares of common stock on June 3, 2024, under a pre-arranged Rule 10b5-1 sales plan.
Summary
- On June 3, 2024, Stephen Jones, the SEVP & CFO of ScanSource, Inc., sold 3,127 shares of common stock at a weighted average price of $47.07.
- He also sold 5,373 shares of common stock at a weighted average price of $48.18 on the same day.
- These transactions were executed under a Rule 10b5-1 sales plan adopted on February 29, 2024.
- Following these transactions, Jones directly owns 53,352 shares of ScanSource common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock sales by an executive, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The sale of shares by a company executive could have a slight negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates this.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of adoption of Rule 10b5-1 Sales Plan |
| 06/03/2024 | Date of stock sale transactions |
| 06/04/2024 | Date of Form 4 filing |
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