Form 4: ScanSource SVP & Chief Accounting Officer Brandy Ford Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Brandy Ford, SVP & Chief Accounting Officer of ScanSource, Inc., reported disposing of shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- Brandy Ford, the SVP & Chief Accounting Officer of ScanSource, Inc. (SCSC), filed a Form 4 with the SEC.
- The form details the disposal of ScanSource common stock on August 25 and 26, 2024, to cover tax withholding obligations.
- On August 25, 2024, 349 shares were disposed of at a price of $49.19.
- On August 26, 2024, 324 shares were disposed of at a price of $48.91.
- Following these transactions, Ford beneficially owns 8,546 shares of ScanSource common stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to stock disposals for tax obligations, indicating a neutral sentiment.
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 have a minimal impact on shareholders as they are related to tax obligations and do not represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| 08/25/2024 | Disposal of 349 shares of common stock at $49.19 per share for tax obligations. |
| 08/26/2024 | Disposal of 324 shares of common stock at $48.91 per share for tax obligations. |
| 08/27/2024 | Date of signature by J. Creighton Lynes, attorney-in-fact. |
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