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Share Price Falls as ScanSource Chiefs Offload Stock

Distributor ScanSource CEO Michael L. Baur unloaded 10,000 shares of the company’s stock on the open market in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $42.00, for a total transaction of $420,000.00. Following the sale, the chief executive officer now directly owns 57,283 shares in the company, valued at approximately $2,405,886. The transaction was disclosed in a legal filing with the SEC.

In a similar move on the same day ScanSource EVP John J. Ellsworth unloaded 8,709 shares of the company’s stock – about 50% of his holding. The shares were sold at an average price of $41.47, for a total transaction of $361,162.23. The sale was also disclosed in a filing with the Securities & Exchange Commission.

Following these sales ScanSource was trading Down 5.2%

Today the stock is at $38.43

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David Dungay

Editor - Comms Business Magazine