ScanSource (NASDAQ: SCSC) CAO stock withheld to cover taxes
Rhea-AI Filing Summary
SCANSOURCE, INC. (SCSC) reported that officer Brandy Ford, SVP & Chief Accounting Officer, had 660 shares of common stock withheld on August 25–26, 2026 to satisfy tax withholding obligations upon the vesting of restricted stock units. These are code F, non-market transactions for tax payment, not open-market sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 660 shares
Net Sell
2 txns
Insider
Ford Brandy
Role
SVP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 329 | $56.17 | $18K |
| Tax Withholding | Common Stock F1 | 331 | $56.19 | $19K |
Holdings After Transaction:
Common Stock — 12,326 shares (Direct)
Footnotes (1)
- F1. Reflects shares withheld in satisfaction of tax withholding obligations upon vesting of restricted stock units. This is a non-market transaction.
Key Figures
Shares withheld for tax (Aug 26, 2026): 329 shares
Shares withheld for tax (Aug 25, 2026): 331 shares
Total shares withheld for tax: 660 shares
+2 more
5 metrics
Shares withheld for tax (Aug 26, 2026)
329 shares
Code F non-derivative transaction at $56.17 per share
Shares withheld for tax (Aug 25, 2026)
331 shares
Code F non-derivative transaction at $56.19 per share
Total shares withheld for tax
660 shares
Sum of two code F transactions related to RSU vesting tax withholding
Price per share (Aug 26, 2026)
$56.17
Used to value 329 shares withheld in tax-withholding disposition
Price per share (Aug 25, 2026)
$56.19
Used to value 331 shares withheld in tax-withholding disposition
Key Terms
restricted stock units, non-market transaction, tax withholding obligations, Payment of tax liability by delivering or withholding securities
4 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.
non-market transaction financial
"This is a non-market transaction."
tax withholding obligations financial
"Reflects shares withheld in satisfaction of tax withholding obligations upon vesting"
Payment of tax liability by delivering or withholding securities financial
"transaction_code_description: Payment of tax liability by delivering or withholding"
FAQ
What insider activity did SCSC disclose for Brandy Ford in this Form 4?
SCSC disclosed that Brandy Ford had 660 shares of common stock withheld on August 25–26, 2026, in two code F transactions, to satisfy tax withholding obligations related to vesting restricted stock units. These are non-market tax transactions, not open-market sales.
Were Brandy Ford’s SCSC Form 4 transactions open-market sales?
No. A footnote states the transactions reflect shares withheld to satisfy tax withholding obligations upon vesting of restricted stock units and that this is a non-market transaction. The Form 4 uses code F, payment of tax liability by delivering or withholding securities.
Were the SCSC Form 4 transactions under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not checked (aff_10b5_one is false), and the footnote only describes tax withholding for restricted stock unit vesting, with no reference to a 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.