Form 4: ScanSource SVP Acquires Shares and Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Brandy Ford, SVP & Chief Accounting Officer of ScanSource, Inc., acquired shares through restricted stock units and disposed of shares to cover tax obligations.
Summary
- On August 30, 2024, Brandy Ford, SVP & Chief Accounting Officer of ScanSource, Inc., acquired 3,043 shares of common stock at $0.00.
- Following this acquisition, Ms. Ford directly held 11,469 shares.
- On September 1, 2024, Ms. Ford disposed of 118 shares at a price of $50.94 to satisfy tax withholding obligations upon vesting of restricted stock units.
- After this transaction, Ms. Ford directly held 11,351 shares.
Sentiment
Score: 5
Explanation: The document reflects routine insider trading activity related to compensation and tax obligations, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/30/2024 | Acquisition of 3,043 shares of common stock. |
| 09/01/2024 | Disposal of 118 shares of common stock for tax obligations. |
| 09/04/2024 | Date of signature by attorney-in-fact. |
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