ScanSource (SCSC) Form 4: Officer Withholds 120 Shares for Taxes at $44.69
Form 4 filed for Brandy Ford, SVP & Chief Accounting Officer of ScanSource, Inc. (SCSC).
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Rhea-AI Filing Summary
Form 4 filed for Brandy Ford, SVP & Chief Accounting Officer of ScanSource, Inc. (SCSC). The filing reports a non-market transaction on 08/27/2025 in which 120 shares of Common Stock were withheld to satisfy tax withholding upon vesting of restricted stock units at a price of $44.69 per share. Following the withholding, the reporting person beneficially owns 8,728 shares directly. The form is signed by an attorney-in-fact on 08/29/2025 and the filing explicitly states this was a tax-withholding, non-market transaction.
Insights
TL;DR: Routine tax-withholding on vested RSUs by an officer; disclosure is standard and not materially unusual.
The reported transaction is a common administrative action where shares are withheld to satisfy tax obligations arising from RSU vesting. It is categorized as a non-market transaction and therefore does not reflect active buying or selling pressure by the officer. The remaining direct beneficial ownership of 8,728 shares is disclosed, and the form is properly executed by an attorney-in-fact. From a governance perspective, this filing demonstrates compliance with Section 16 reporting requirements and provides appropriate transparency about insider holdings and movements.
TL;DR: Small, routine withholding of 120 shares at $44.69 per share; no material impact on outstanding float or insider position.
The transaction details—120 shares withheld at a reported price of $44.69 resulting from RSU vesting—indicate a non-market adjustment to the officer's position for tax purposes. Such withholdings reduce reported beneficial holdings but are immaterial in size relative to typical public-company floats. The disclosure date and signature are present, fulfilling filing formalities. There are no derivative transactions or additional dispositions reported in this filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 120 | $44.69 | $5K |
Footnotes (1)
- F1. Reflects shares withheld in satisfaction of tax withholding obligations upon vesting of restricted stock units. This is a non-market transaction.
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