Form 4: SCI President Sells Shares After Option Exercise

Service Corp International President Sumner J. Waring III exercised stock options and subsequently sold a portion of the acquired common stock on October 31, 2025.

Summary

• Sumner J. Waring III, President of Service Corp International (SCI), reported transactions involving company common stock on October 31, 2025.
• Exercised employee stock options to acquire a total of 30,300 shares (29,800 and 500) at an exercise price of $49.59 per share.
• Simultaneously sold a total of 30,300 shares (29,800 and 500) of common stock.
• The 29,800 shares were sold at a weighted average price of $83.1253 per share, with individual sales ranging from $83.0000 to $83.9800.
• The 500 shares were sold at a price of $84.20 per share.
• Following these transactions, direct beneficial ownership stands at 295,192 shares of Common Stock.
• Indirect beneficial ownership of 7,100 shares through a 401(k) plan remains unchanged.
• The options exercised were part of a grant that vests in three equal installments on February 17, 2022, 2023, and 2024, and expire on February 17, 2029.

Sentiment

Score: 6

Explanation: The filing details a routine insider transaction where an executive exercised options and sold shares for liquidity and tax purposes. The significant profit realized by the executive from the option exercise is a positive indicator of the company's stock performance, and the 10b5-1 plan mitigates concerns about opportunistic selling.

Positives

• The executive realized a significant profit from the option exercise and sale, with sale prices ($83.1253 and $84.20) substantially higher than the exercise price ($49.59).
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged, non-discretionary sale, which often mitigates concerns about opportunistic insider selling.

Negatives

• An executive selling shares, even under a 10b5-1 plan, can sometimes be perceived as a lack of confidence, though it is a common practice for liquidity or tax purposes.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may view the executive's sale of shares as a routine liquidity event, especially given the 10b5-1 plan, rather than a signal of diminished confidence in the company's future.

Key Dates

Recommendation

The filing details a routine exercise of employee stock options and subsequent sale of shares by a company executive. This type of transaction is common for liquidity and tax planning and does not inherently signal a change in the company's fundamental outlook or warrant a change in investment recommendation based solely on this filing.

Keywords

Service Corp International, SCI, Form 4, insider trading, stock options, share sale, executive compensation, 10b5-1 plan