ScanSource (SCSC) CEO Michael Baur Receives RSU Award; Shares Withheld

What Happened

• Michael L. Baur, CEO, President and Chair of the Board of ScanSource (SCSC), had 53,899 restricted stock units (RSUs) vest on September 1, 2026 (transaction code A — award/acquisition). The reported acquisition shows 53,899 shares at $0.00 (value recorded as $0 on the Form 4 for the grant/vesting event).
• Simultaneously, 8,023 shares were withheld to satisfy tax withholding obligations (transaction code F — tax withholding/settlement), reported as a disposition at $56.24 per share for an aggregate tax withholding value of $451,214. The withholding is a non-market, routine settlement of taxes due upon vesting.

Key Details

• Transaction dates: 2026-09-01 (vesting/award and tax withholding); Form 4 filed 2026-09-03.
• Awarded/vested: 53,899 shares (A) at $0.00 (vesting event).
• Withheld for taxes: 8,023 shares (F) at $56.24, total ~$451,214 (non-market transaction per footnote F1).
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote: F1 — shares were withheld to satisfy tax withholding obligations upon RSU vesting (non-market transaction).
• Filing timeliness: Filed two days after the reported transaction date; filing does not indicate a late report.

Context

• This was an RSU vesting event, not an open-market buy or sale. The withheld shares represent a net-share settlement to cover taxes — common and routine for executives when equity awards vest.
• Such withholding reduces the number of shares the insider actually receives but is not a signaling sale in the open market. Retail investors should view this as compensation-related rather than an independent trading decision.