Form 4: Service Corp International CEO Thomas Ryan Executes Stock Options and Sells Shares
SEC Form 4 Filing
Thomas L. Ryan, President, CEO & Chairman of Service Corp International, exercised employee stock options and sold shares of common stock on November 5th and 6th, 2024.
Summary
- Thomas L. Ryan, the President, CEO, and Chairman of Service Corp International, engaged in transactions involving the company's stock.
- On November 5th and 6th, 2024, Ryan exercised employee stock options to acquire shares of common stock at a price of $37.53 per share.
- Concurrently, Ryan sold a portion of these shares on the open market at prices ranging from approximately $82.90 to $86.48 per share.
- The total number of shares sold on November 5th was 55,000 and on November 6th was 50,000.
- Following these transactions, Ryan directly owns 982,333 shares of Service Corp International common stock.
- Ryan also indirectly owns 157,899 shares through three children's trusts and 486,300 shares through a deferred compensation plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock transactions. The CEO exercising options and selling shares doesn't inherently indicate a positive or negative outlook.
Industry Context
This filing is a routine disclosure of insider transactions and provides insight into the actions of a key executive at Service Corp International. Monitoring such filings can provide investors with a sense of management's perspective on the company's valuation and future prospects.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, and the information disclosed is consistent with regulatory requirements.
- Comparable companies such as Carriage Services and StoneMor Partners also have executives who file Form 4s when engaging in similar transactions.
Stakeholder Impact
- The transactions could have a minor impact on shareholders due to the change in ownership structure.
- The impact on employees, customers, suppliers, and creditors is likely to be negligible.
Key Dates
| Date | Description |
|---|---|
| 02/13/2019 | First vesting date of employee stock options. |
| 02/13/2020 | Second vesting date of employee stock options. |
| 02/13/2021 | Third vesting date of employee stock options. |
| 02/13/2026 | Expiration date of employee stock options. |
| 11/05/2024 | Date of first reported transaction (exercise of options and sale of shares). |
| 11/06/2024 | Date of second reported transaction (exercise of options and sale of shares). |
| 11/07/2024 | Date of Form 4 filing. |
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