SCSC Officer Reports RSU Tax Withholding, 5,159-Share Grant, 10b5-1 Sale
Rhea-AI Filing Summary
Rachel Hayden, Senior Executive Vice President & Chief Information Officer of ScanSource, Inc. (SCSC), reported three transactions in company common stock. On 08/30/2025 she had 344 shares withheld to satisfy tax withholding following RSU vesting, a non-market transaction that left her with 10,511 shares beneficially owned. On 09/01/2025 she was granted 5,159 shares (reported as acquisition at $0.00), bringing ownership to 15,670 shares. On 09/03/2025 she sold 752 shares at $43.57 per share under a Rule 10b5-1 sales plan adopted March 20, 2025, leaving 14,918 shares owned.
All holdings are reported as direct ownership. The Form 4 clarifies the withheld shares were for taxes and the sale was executed pursuant to the 10b5-1 plan.
Positive
- Use of a Rule 10b5-1 plan for the sale, which documents pre-established trading intentions and can mitigate timing concerns
- Clear disclosure that 344 shares were withheld to satisfy tax withholding on vested RSUs (non-market transaction)
- Reported direct ownership counts before and after each transaction, improving transparency
Negative
- Officer sold 752 shares at $43.57 under the 10b5-1 plan, a reduction in insider holdings
- Form does not specify the nature of the 5,159-share acquisition beyond a $0.00 price (no additional compensation detail provided)
Insights
TL;DR: Routine insider activity: tax-withholding on RSUs and a Rule 10b5-1 sale; no new compensation terms disclosed.
The reported transactions are standard for senior executives: shares withheld to satisfy tax obligations following RSU vesting and a pre-established 10b5-1 plan sale executed at $43.57 for 752 shares. A separate grant of 5,159 shares was recorded as an acquisition at $0.00, consistent with RSU delivery or similar equity award. The filings show direct beneficial ownership counts before and after each transaction but do not disclose additional compensation details, change in role, or material corporate events.
TL;DR: Disclosure follows Section 16 norms; use of a 10b5-1 plan reduces insider-trading timing concerns.
The Form 4 discloses a Rule 10b5-1 sales plan adopted March 20, 2025, and a sale executed under that plan on 09/03/2025. The report also documents tax-withholding on vested equity and the issuance/transfer of 5,159 shares at no cash price, likely reflecting compensation vesting. All positions are shown as direct ownership and the form is signed by an attorney-in-fact, indicating proper execution procedures. The filing contains no governance departures, new agreements, or extraordinary transactions.