ScanSource legal chief has 910 shares withheld for taxes
Rhea-AI Filing Summary
SCANSOURCE, INC. (SCSC) reported an insider tax-withholding transaction by Sr. EVP & Chief Legal Officer Shana C. Smith. On 2026-08-30, Smith had 910 shares of common stock withheld at $56.55 per share to satisfy tax withholding obligations upon vesting of restricted stock units, a non-market transaction, leaving her with 30,716 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 910 shares
Net Sell
1 txn
Insider
Smith Shana C
Role
Sr. EVP & Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 910 | $56.55 | $51K |
Holdings After Transaction:
Common Stock — 30,716 shares (Direct)
Footnotes (1)
- F1. Reflects shares withheld in satisfaction of tax withholding obligations upon vesting of restricted stock units. This is a non-market transaction.
Key Figures
Shares withheld for taxes: 910 shares
Per-share value for withheld shares: $56.55 per share
Shares owned after transaction: 30,716 shares
3 metrics
Shares withheld for taxes
910 shares
Common stock withheld on 2026-08-30 to satisfy tax withholding obligations upon RSU vesting
Per-share value for withheld shares
$56.55 per share
Valuation used for the 910 shares withheld for tax obligations
Shares owned after transaction
30,716 shares
Direct ownership of common stock by Shana C. Smith following the tax-withholding transaction
Key Terms
restricted stock units, tax withholding obligations, non-market transaction
3 terms
restricted stock units financial
"upon vesting of restricted stock units. This is a non-market"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"shares withheld in satisfaction of tax withholding obligations upon"
non-market transaction financial
"restricted stock units. This is a non-market transaction."
FAQ
What insider transaction did SCSC disclose for Shana C. Smith?
SCANSOURCE, INC. disclosed that Sr. EVP & Chief Legal Officer Shana C. Smith had 910 shares of common stock withheld on 2026-08-30 to satisfy tax withholding obligations upon vesting of restricted stock units. This was reported as a non-market transaction.
Was the SCSC insider transaction a market sale or a tax withholding event?
The transaction was a tax withholding event, not a market sale. 910 shares were withheld in satisfaction of tax withholding obligations upon vesting of restricted stock units, and the filing notes it is a non-market transaction.
Was the SCSC insider transaction reported under a Rule 10b5-1 trading plan?
No. The filing indicates the Rule 10b5-1 checkbox is not affirmed, so this tax-withholding transaction was not reported as being made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.