Form 4: SCI CFO Exercises Options, Sells Shares Under 10b5-1 Plan

Service Corp International's Executive VP and CFO, Eric D. Tanzberger, exercised stock options and subsequently sold the acquired common stock under a pre-arranged 10b5-1 plan.

Summary

• Eric D. Tanzberger, Executive VP and CFO, exercised 80,800 employee stock options on November 5, 2025.
• The options were exercised at a price of $50.82 per share.
• Immediately following the exercise, 80,800 shares of common stock were sold.
• 58 shares were sold at a weighted average price of $81.3847 per share.
• 80,742 shares were sold at a weighted average price of $81.5303 per share.
• The transactions were conducted pursuant to a Rule 10b5-1 trading plan.
• Following these transactions, Mr. Tanzberger directly holds 125,008 shares of common stock.
• Indirect holdings include 28,651 shares in a 401(k) plan and 17,199 shares in a Deferred Compensation Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While an insider sale can sometimes be viewed negatively, the fact that it's an exercise-and-sell transaction under a pre-arranged 10b5-1 plan makes it a routine compensation event rather than a signal of lack of confidence. The executive also retains a substantial stake in the company.

Positives

• The exercise of options indicates the executive is realizing value from their compensation, which is a normal part of executive compensation.
• The transactions were conducted under a Rule 10b5-1 plan, indicating a pre-scheduled sale rather than a reaction to new, non-public information.
• The executive retains a significant direct and indirect ownership stake in the company (170,858 shares total).

Negatives

• An insider selling shares, even under a 10b5-1 plan, can sometimes be perceived negatively by the market as it reduces the executive's direct equity exposure.

Future Outlook

NA

Industry Context

This transaction is a routine insider compensation event and does not directly reflect broader industry trends in the deathcare or funeral services sector. It is specific to the executive's personal financial planning and compensation structure at Service Corp International.

Stakeholder Impact

• Shareholders may note the executive's monetization of equity compensation, which is a common practice. The pre-arranged nature of the sale under a 10b5-1 plan mitigates concerns about opportunistic selling.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction involving the exercise of stock options and subsequent sale of shares under a pre-arranged 10b5-1 plan. Such transactions are common for executive compensation and do not typically provide new fundamental information about the company's operational performance or future prospects. Therefore, this filing alone does not warrant a change in investment recommendation; a 'hold' stance is maintained pending further fundamental analysis.

Keywords

Service Corp International, SCI, Insider Trading, Form 4, Stock Options, Executive Compensation, Eric D. Tanzberger, 10b5-1 Plan, Share Sale