SCSC Form 4: 870 Shares Withheld from CFO Stephen Jones for Tax Withholding
Rhea-AI Filing Summary
Stephen Jones, Senior Executive Vice President & Chief Financial Officer of ScanSource, Inc. (SCSC), reported a non-market transaction on 08/27/2025 related to vested restricted stock units. A total of 870 shares of ScanSource common stock were disposed as shares withheld to satisfy tax withholding obligations at an implied per-share value of $44.69. Following this withholding, Mr. Jones beneficially owns 72,234 shares, held directly. The Form 4 was signed by an attorney-in-fact, J. Creighton Lynes, on 08/29/2025. The filing explicitly states this was a non-market, tax-withholding action and not an open-market sale.
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Insights
TL;DR Routine tax-withholding on vested RSUs by the CFO; not a market-driven disposition.
This Form 4 documents a common administrative action: 870 shares withheld to satisfy tax obligations upon RSU vesting, at a reported price of $44.69 per share. The transaction is labeled a non-market event, indicating no active sale on the open market. The CFO retains a meaningful equity position of 72,234 shares after withholding. For investors, this is an administrative liquidity event rather than a signal of insider-driven share disposition.
TL;DR Standard withholding to meet tax liabilities from equity compensation; disclosure appears complete.
The filing clearly identifies the reporting person, role (SEVP & CFO), transaction date (08/27/2025), and nature of the transaction (shares withheld for tax withholding upon RSU vesting). It is signed by an attorney-in-fact, consistent with procedural practice. The classification as a non-market transaction reduces the likelihood this reflects a change in the executive's investment view. Disclosure meets typical Section 16 requirements for such events.