Form 4: ScanSource SEVP & CIO Rachel Hayden Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Rachel Hayden, SEVP & CIO of ScanSource, Inc., reported disposing of shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On August 25 and 26, 2024, Rachel Hayden, the SEVP & CIO of ScanSource, Inc., disposed of shares of common stock to cover tax withholding obligations.
- A total of 463 shares were disposed of on August 25 at a price of $49.19 per share.
- On August 26, 494 shares were disposed of at a price of $48.91 per share.
- Following these transactions, Hayden directly owns 17,361 shares of ScanSource common stock.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The disposal of shares by a company executive may be perceived neutrally by stakeholders as it is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/25/2024 | Disposal of 463 shares of common stock at $49.19 per share. |
| 08/26/2024 | Disposal of 494 shares of common stock at $48.91 per share. |
| 08/27/2024 | Date of signature by attorney-in-fact, J. Creighton Lynes. |
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