Form 4: ScanSource SVP & Chief Accounting Officer Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Brandy Ford, SVP & Chief Accounting Officer of ScanSource, Inc., reports disposing of 120 shares of common stock to cover tax withholding obligations on vested restricted stock units.
Summary
- On August 27, 2024, Brandy Ford, the SVP & Chief Accounting Officer of ScanSource, Inc. (SCSC), disposed of 120 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of restricted stock units.
- The price per share was $47.9.
- Following the transaction, Ford directly owns 8,426 shares of ScanSource common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of compliance for corporate insiders and provide transparency into their transactions in company stock. This transaction is related to tax obligations, which is a common reason for stock disposals by executives.
Key Dates
| Date | Description |
|---|---|
| 08/27/2024 | Date of stock disposal transaction. |
| 08/29/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.