SCSC Form 4: Director Vernon Nagel Adds 3,693 Shares at $0.00
Rhea-AI Filing Summary
Vernon J. Nagel, a director of ScanSource, Inc. (SCSC), reported acquiring 3,693 shares of the issuer's common stock on 09/01/2025 at a reported price of $0.00, increasing his beneficial ownership to 11,593 shares. The transaction is listed as non-derivative and filed on a Form 4 by one reporting person. The filing indicates direct ownership and does not state consideration beyond the reported $0.00 price.
Positive
- Director increased direct ownership by 3,693 shares, aligning management interests with shareholders
- Transaction is non-derivative, suggesting straightforward equity ownership rather than complex instruments
Negative
- None.
Insights
TL;DR: A director received shares (likely from equity compensation or vesting), modestly increasing direct ownership without disclosed cash purchase.
The reported acquisition of 3,693 common shares at a $0.00 price is consistent with issuance through compensation, vesting, or similar corporate grant mechanisms rather than an open-market purchase. As a director-level insider, this strengthens alignment with shareholders but is modest in scale versus typical institutional holdings. There is no indication of derivative activity or indirect ownership changes in this filing.
TL;DR: Insider accumulation via a non-cash issuance is neutral in isolation; size appears immaterial to company capitalization.
The transaction increases the director's direct stake to 11,593 shares after receiving 3,693 shares at a reported price of $0.00. Because the Form 4 shows a non-derivative acquisition at zero price, it likely reflects compensation vesting or an internal transfer. There is no market sale or purchase disclosed and no derivative instruments reported, so immediate market impact is unlikely.