SCSC Insider Form 4: SVP Ford Brandy withholds 658 RSU Shares for Taxes
Rhea-AI Filing Summary
Ford Brandy, identified as SVP & Chief Accounting Officer and a reporting person for ScanSource, Inc. (SCSC), reported two non-market dispositions tied to restricted stock unit vesting tax withholding. The Form 4 lists a 332-share disposition on 08/25/2025 at a reported price of $44.34, leaving 9,174 shares beneficially owned, and a 326-share disposition on 08/26/2025 at $43.57, leaving 8,848 shares beneficially owned. The filer explains these shares were withheld to satisfy tax withholding obligations upon RSU vesting; the filing classifies these as non-market transactions.
Positive
- Non-market transaction: Shares were withheld to satisfy tax withholding on vested RSUs, not an open-market sale.
Negative
- Reduction in beneficial ownership: Officer's reported holdings decreased to 9,174 and then to 8,848 shares after the reported dispositions.
Insights
TL;DR: Officer reported small, non-market share dispositions due to RSU tax withholding; no cash-sale trading activity indicated.
The transactions are routine: two small dispositions (332 and 326 shares) executed as withholding for tax obligations on vested restricted stock units. Reported prices ($44.34 and $43.57) reflect the withholding valuation, not an active market sell program. The remaining beneficial ownership levels are disclosed as 9,174 and 8,848 shares respectively after each transaction. For investors, this filing documents compensation-related share mechanics rather than insider-driven market timing.
TL;DR: Disclosure complies with Section 16 timing and explains withholding; no governance red flags apparent from the filing.
The Form 4 includes an explicit explanation that the dispositions were tax-withholding on RSU vesting and marks them as non-market transactions, which aligns with standard insider reporting practices. The form is filed individually and signed via attorney-in-fact. There is no indication of Rule 10b5-1 plan usage. Based solely on the provided content, this appears to be a routine, compliant insider disclosure without material governance concerns.