Form 4: Service Corp International Executive Acquires Shares and Options
SEC Form 4 Filing
Eric D. Tanzberger, Executive VP and CFO of Service Corp International, reports acquisition of common stock and employee stock options.
Summary
- On February 19, 2025, Eric D. Tanzberger, Executive VP and CFO of Service Corp International, acquired 4,473 shares of common stock.
- These shares were acquired at a price of $0.
- Following the transaction, Tanzberger directly owns 127,230 shares of common stock.
- He also indirectly owns 28,319 shares through a 401(k) plan and 17,199 shares through a Deferred Compensation Plan.
- Additionally, Tanzberger acquired 34,930 employee stock options with an exercise price of $78.57.
- These options vest in three equal installments starting February 19, 2026, and expire on February 19, 2033.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of stock and option acquisitions by an executive. While insider buying can be seen as positive, this is part of a compensation package and doesn't necessarily indicate a strong bullish signal.
Positives
- The acquisition of shares and options by a high-ranking executive could be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
Executive stock ownership is a common practice in publicly traded companies, aligning management's interests with those of shareholders. These transactions are routinely disclosed to the SEC.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a key executive.
Key Dates
| Date | Description |
|---|---|
| 02/19/2025 | Date of earliest transaction: Acquisition of common stock and employee stock options. |
| 02/19/2026 | First vesting date for employee stock options. |
| 02/19/2027 | Second vesting date for employee stock options. |
| 02/19/2028 | Third vesting date for employee stock options. |
| 02/19/2033 | Expiration date for employee stock options. |
| 02/21/2025 | Date of signature for the Form 4 filing. |
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