Form 4: Service Corp International CEO Thomas Ryan Executes Stock Option and Sells Shares
SEC Form 4 Filing
Thomas Ryan, President, CEO & Chairman of Service Corp International, exercised stock options and sold shares on August 9, 2024.
Summary
- On August 9, 2024, Thomas L. Ryan, the President, CEO & Chairman of Service Corp International, exercised employee stock options to acquire 4,215 shares of common stock at a price of $29.25 per share.
- Simultaneously, Ryan sold 4,215 shares of common stock at a weighted average price of $75.0511, with individual sales ranging from $75.0500 to $75.07 per share.
- Following these transactions, Ryan directly owns 988,365 shares of common stock.
- He also indirectly owns 157,899 shares through three children's trusts and 486,300 shares through a deferred compensation plan.
- After the transaction, Ryan directly holds 95,785 employee stock options.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. The CEO exercising options and selling shares is a common practice and doesn't necessarily indicate a positive or negative outlook.
Industry Context
Executive stock transactions are common and closely monitored, providing insights into management's perspective on the company's valuation and future prospects. This transaction is a routine disclosure.
Stakeholder Impact
- The transaction could have a minor impact on shareholders due to the change in ownership, but it's unlikely to be significant given the size of the transaction relative to the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/07/2018 | First vesting date of the employee stock option in three equal installments. |
| 02/07/2019 | Second vesting date of the employee stock option in three equal installments. |
| 02/07/2020 | Third vesting date of the employee stock option in three equal installments. |
| 08/09/2024 | Date of stock option exercise and share sale. |
| 08/13/2024 | Date of Form 4 filing. |
| 02/07/2025 | Expiration date of the employee stock option. |
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