ScanSource (SCSC) legal chief reports 1,025 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SCANSOURCE, INC. senior executive Shana C. Smith reported a routine tax-related share disposition. On vesting of restricted stock units, 1,025 shares of common stock were withheld to cover tax obligations, a non-market transaction. Smith now directly holds 29,836 shares of ScanSource common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Smith Shana C
Role
Sr. EVP & Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,025 | $48.13 | $49K |
Holdings After Transaction:
Common Stock — 29,836 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 1,025 shares
Tax withholding reference price: $48.13 per share
Shares held after transaction: 29,836 shares
3 metrics
Shares withheld for taxes
1,025 shares
Tax-withholding disposition on restricted stock unit vesting
Tax withholding reference price
$48.13 per share
Value used for 1,025 withheld shares
Shares held after transaction
29,836 shares
Direct ownership following tax-withholding disposition
Key Terms
restricted stock units, tax withholding obligations, non-market transaction
3 terms
restricted stock units financial
"Reflects shares withheld in satisfaction of tax withholding obligations upon vesting of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"Reflects shares withheld in satisfaction of tax withholding obligations upon vesting of restricted stock units."
non-market transaction financial
"This is a non-market transaction."
FAQ
What insider transaction did SCANSOURCE (SCSC) report for Shana C. Smith?
SCANSOURCE reported that executive Shana C. Smith had 1,025 shares withheld to cover taxes upon vesting of restricted stock units. This Form 4 describes a non-market, tax-withholding disposition rather than an open-market purchase or sale of shares.
Was the SCANSOURCE (SCSC) Form 4 transaction an open-market sale?
No, the Form 4 states the 1,025 shares were withheld to satisfy tax obligations when restricted stock units vested. The footnote specifies this was a non-market transaction, meaning the shares were not sold on the open market to third-party buyers.
What does the tax-withholding disposition in SCANSOURCE (SCSC) Form 4 mean?
A tax-withholding disposition means the company retained 1,025 shares to pay required taxes when restricted stock units vested. The insider did not choose to sell in the market; instead, shares were automatically withheld to satisfy tax liabilities tied to the equity award.
What role does Shana C. Smith hold at SCANSOURCE (SCSC)?
According to the Form 4, Shana C. Smith serves as Senior Executive Vice President and Chief Legal Officer of ScanSource. The reported transaction reflects equity compensation activity related to her role rather than discretionary open-market trading in the company’s stock.