Form 4: ScanSource SEVP & CIO Rachel Hayden Reports Stock Transactions
SEC Form 4
Rachel Hayden, SEVP & CIO of ScanSource, reports the disposition of shares to cover tax obligations and sales on the open market.
Summary
- On June 7, 2024, Rachel Hayden, SEVP & CIO of ScanSource, had 618 shares withheld to cover tax obligations upon vesting of restricted stock units at a price of $46.04.
- On June 10, 2024, Ms. Hayden sold 3,582 shares of common stock at a weighted average price of $46.01, with individual sales ranging from $46.00 to $46.07.
- Following these transactions, Ms. Hayden directly owns 18,318 shares of ScanSource common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects routine transactions related to stock vesting and sales.
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 seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increased transparency of insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Shares withheld for tax obligations |
| 06/10/2024 | Sale of common stock |
| 06/11/2024 | Date of signature by attorney-in-fact |
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