Form 4: Service Corp International Executive Steven A. Tidwell Executes Stock Options and Sells Shares

Steven A. Tidwell, a Senior Vice President at Service Corp International, exercised stock options and sold shares on August 16, 2024.

Summary

• On August 16, 2024, Steven A. Tidwell, a Senior Vice President at Service Corp International (SCI), exercised employee stock options to acquire 43,700 shares of common stock at a price of $42.63 per share.
• He then sold 43,700 shares of common stock at weighted average prices of $76.5226 and $76.2919 per share.
• Following these transactions, Tidwell directly owns 54,354 shares of SCI common stock.
• He also indirectly owns 16,370 shares through a Deferred Compensation Plan and 6,314 shares through a 401(k) plan.
• The exercised options were granted under an employee stock option plan that vests in three equal annual installments beginning on February 20, 2020.

Sentiment

Score: 5

Explanation: Neutral sentiment as it reflects routine executive stock transactions. The exercise and sale of shares don't inherently indicate a positive or negative outlook.

Positives

• The exercise of stock options and subsequent sale of shares indicates that the executive is converting potential value into realized gains.

Industry Context

Executive stock transactions are common in publicly traded companies and are closely monitored by investors to gauge management's sentiment about the company's prospects.

Comparison to Industry Standards

• Executive compensation packages often include stock options to align management's interests with those of shareholders.
• The vesting schedule of the options (three equal annual installments) is a typical structure.
• The sale of shares after exercising options is a common practice for executives to diversify their holdings or realize gains.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates