SCSC Insider Filing: Ford Brandy RSU Vesting and Tax Withholding
Rhea-AI Filing Summary
Ford Brandy, SVP & Chief Accounting Officer of ScanSource, Inc. (SCSC), reported equity changes tied to restricted stock unit vesting. The filing shows an initial non-market tax-withholding disposition of 239 shares on 08/30/2025 and a further withholding of 119 shares on 09/01/2025, both at a reported per-share value of $43.65. On 09/01/2025 the reporting person acquired 4,616 shares (vested restricted stock units) at $0.00 acquisition price for reporting purposes. Following these transactions, the reporting person beneficially owned 12,986 shares directly. The form is signed by an attorney-in-fact, J. Creighton Lynes, dated 09/03/2025. The filer explains the dispositions were shares withheld to satisfy tax withholding obligations and are non-market transactions.
Positive
- Acquisition of 4,616 shares via RSU vesting increased direct beneficial ownership to 12,986 shares
- Disclosures specify that disposals were non-market tax-withholding transactions, clarifying they were not open-market sales
Negative
- None.
Insights
TL;DR: Routine RSU vesting with tax-withholding dispositions; small net increase in direct shareholdings, no market sales disclosed.
The filing documents the vesting of restricted stock units resulting in the acquisition of 4,616 shares and the withholding of 358 shares to satisfy tax obligations at a reported value of $43.65 per share. These are non-market transactions and therefore do not reflect open-market selling pressure. The reporting person’s direct beneficial ownership increased to 12,986 shares. For investors, this is a routine compensation-related filing and does not provide evidence of a change in company outlook or material insider-driven liquidity events.
TL;DR: Compensation-driven equity activity; properly disclosed and executed via attorney-in-fact signature.
The Form 4 discloses standard executive equity accounting: restricted stock units vested and shares were withheld for tax withholding rather than sold on market. The presence of an executed attorney-in-fact signature (J. Creighton Lynes) is consistent with delegated filing practice. There are no indications of unusual or undisclosed derivative exercises, hedging, or transfers; the transactions are straightforward and compliant with Section 16 reporting.