Form 4: Service Corp International Director Marcus A. Watts Reports Share Transactions

Director Marcus A. Watts of Service Corp International reported multiple transactions involving company stock, including acquisitions and disposals, on November 26, 2024.

Summary

• Marcus A. Watts, a director at Service Corp International, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On November 26, 2024, Mr. Watts engaged in multiple transactions involving common stock.
• These transactions included the disposal of 6,774 shares and 1,694 shares, and the acquisition of 6,774 shares, all at a price of $0.
• Following these transactions, Mr. Watts directly owns 56,963 shares and indirectly owns 10,971 shares through family trusts and 2,642 shares through a deferred compensation plan.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by a company director, which is neither positive nor negative in itself.

Industry Context

This filing is a routine disclosure of stock transactions by a company director, which is a common practice in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in the US, as mandated by the Securities and Exchange Commission (SEC).
• The transactions reported are typical for directors who may receive stock as part of their compensation or engage in estate planning.
• The reporting of indirect ownership through family trusts and deferred compensation plans is also a common practice.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to director's personal holdings and not a company-wide event.

Key Dates

Keywords

Form 4, beneficial ownership, stock transactions, director, Service Corp International, SCI, Marcus A. Watts, share disposal, share acquisition