SCSC Form 4: SEVP Conde Alexandre Withholds 1,105 Shares for Taxes
Rhea-AI Filing Summary
Conde Alexandre, Senior Executive Vice President & Chief People Officer of ScanSource, Inc. (SCSC), reported two non-market dispositions of common stock tied to tax withholding on vested restricted stock units. On 08/25/2025, 467 shares were withheld at an effective price of $44.34, leaving 51,136 shares beneficially owned. On 08/26/2025, an additional 638 shares were withheld at $43.57, reducing beneficial ownership to 50,498 shares. The form was signed by an attorney-in-fact on 08/27/2025. The filer identifies as an officer and director; the filing states the share transfers are non-market transactions made to satisfy tax withholding obligations upon RSU vesting.
Positive
- Transparent disclosure of tax-withholding dispositions tied to RSU vesting
- Transactions are non-market (withholding for taxes), reducing concern about opportunistic insider selling
- Timely filing executed by attorney-in-fact on 08/27/2025
Negative
- Beneficial ownership decreased by 467 shares on 08/25/2025 and by 638 shares on 08/26/2025
- Reported holdings declined from 51,136 to 50,498 shares following the withholdings
Insights
TL;DR: Routine insider withholding of vested RSUs; small, non-disruptive reductions in holdings.
The transactions reported are tax-withholding dispositions associated with RSU vesting, not open-market sales or transfers to third parties. The amounts—467 and 638 shares—are modest relative to the reported post-transaction holdings (51,136 and 50,498 shares), indicating limited near-term impact on control or dilution. Prices shown reflect withholding valuations rather than executed market sell orders. For investors, this is a standard administrative step and not an indicator of strategic share disposition.
TL;DR: Proper disclosure of insider withholding for tax compliance; governance process appears followed.
The Form 4 clearly identifies the reporting person, role (SEVP & Chief People Officer), and provides transaction dates and amounts. The filing includes the required explanatory note that these are non-market withholdings to satisfy tax obligations, and an attorney-in-fact executed the form promptly. This transparency aligns with good governance practices for executive equity awards. No material governance concerns are evident from the data provided.