Form 4: Service Corp International Executive Sells Shares After Option Exercise
SEC Form 4 Filing
Steven A. Tidwell, a Senior Vice President at Service Corp International, executed stock options and sold shares on March 6, 2024.
Summary
- Steven A. Tidwell, a Senior Vice President at Service Corp International (SCI), filed a Form 4 detailing changes in beneficial ownership.
- On March 5, 2024, 2,318 shares were withheld to cover taxes related to the vesting of restricted stock at a price of $74.06.
- On March 6, 2024, Tidwell exercised options for 45,995 shares at a price of $37.53.
- Also on March 6, 2024, Tidwell sold 45,995 shares at a weighted average price of $75.4318, with individual sales ranging from $75.2100 to $75.6500.
- Following these transactions, Tidwell directly owns 54,354 shares of common stock.
- Tidwell also indirectly owns 16,370 shares through a Deferred Compensation Plan and 6,261 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine disclosure of stock transactions by an executive.
Industry Context
Form 4 filings are routine disclosures for corporate insiders and provide transparency into their trading activities. These filings are closely watched by investors to gauge management's sentiment and potential future stock performance.
Key Dates
| Date | Description |
|---|---|
| 02/13/2019 | First vesting date of employee stock option. |
| 02/13/2020 | Second vesting date of employee stock option. |
| 02/13/2021 | Third vesting date of employee stock option. |
| 02/13/2026 | Expiration date of employee stock option. |
| 03/05/2024 | Shares withheld to cover taxes associated with vesting of restricted stock. |
| 03/06/2024 | Exercise of stock options and sale of shares. |
| 03/07/2024 | Date of Form 4 filing. |
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