SCSC Form 4: SEVP & CFO Withholds 6,133 Shares for Taxes
Rhea-AI Filing Summary
Stephen Jones, listed as SEVP & CFO of ScanSource, Inc. (SCSC), reported non-market dispositions tied to restricted stock unit tax withholding. On 08/25/2025 he surrendered 1,537 shares at a reported price of $44.34, leaving 77,700 shares beneficially owned; on 08/26/2025 he surrendered 4,596 shares at $43.57, leaving 73,104 shares. The form states these withholdings were made to satisfy tax obligations upon RSU vesting and classifies the transactions as non-market (Code F). The filing is signed by an attorney-in-fact, J. Creighton Lynes, dated 08/27/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR Officer reported routine RSU tax withholdings; two small dispositions reduced reported holdings modestly.
The transactions reflect tax-related share withholding rather than cash sales, with 1,537 and 4,596 shares surrendered across two dates at reported prices of $44.34 and $43.57. These movements reduced beneficial ownership from 77,700 to 73,104 shares. For investors, this is a routine insider administrative action and does not indicate an active market sale strategy.
TL;DR Form 4 shows compliant disclosure of RSU withholding; filing appears procedural and non-material.
The form documents withholding to satisfy tax obligations on vested restricted stock units, using Code F to denote the non-market nature. The submission was executed by an attorney-in-fact and includes required details of dates, amounts, and post-transaction beneficial ownership. This aligns with standard insider reporting and governance practices.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,596 | $43.57 | $200K |
| Tax Withholding | Common Stock | 1,537 | $44.34 | $68K |
Footnotes (1)
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