Form 4: Service Corp International Executive Exercises Options and Sells Shares
SEC Form 4 Filing
Steven A. Tidwell, a Senior Vice President at Service Corp International, exercised stock options and sold shares on September 13, 2024.
Summary
- Steven A. Tidwell, a Senior Vice President at Service Corp International (SCI), exercised employee stock options to acquire 55,000 shares of common stock at a price of $50.82 per share on September 13, 2024.
- Simultaneously, Tidwell sold 55,000 shares of SCI common stock at a weighted average price of $79.9676, with individual sales ranging from $79.7300 to $80.2200 per share.
- Following these transactions, Tidwell directly owns 54,354 shares of SCI common stock.
- Tidwell also indirectly owns 16,370 shares through a Deferred Compensation Plan and 6,314 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction by an executive exercising options and selling shares, which is a normal part of executive compensation.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The filing indicates that a company insider is exercising options and selling shares, which is a common practice.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it represents a standard executive compensation activity.
Key Dates
| Date | Description |
|---|---|
| 02/19/2021 | First vesting date of the employee stock option. |
| 02/19/2022 | Second vesting date of the employee stock option. |
| 02/19/2023 | Third vesting date of the employee stock option. |
| 02/19/2028 | Expiration date of the employee stock option. |
| 09/13/2024 | Date of option exercise and share sale. |
| 09/17/2024 | Date of signature on the Form 4 filing. |
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