Form 4: Service Corp International Executive Waring Sells Shares After Exercising Stock Options
SEC Form 4 Filing
Sumner J. Waring III, a Senior VP and Chief Operating Officer at Service Corp International, executed stock options and sold shares on November 6, 2024.
Summary
- Sumner J. Waring III, a Senior VP & Chief Operating Officer of Service Corp International, engaged in transactions involving the company's stock on November 6, 2024.
- Waring exercised employee stock options to acquire 36,100 shares at a price of $50.82 per share.
- Simultaneously, Waring sold 36,100 shares at a weighted average price of $86.5875, with individual sales ranging from $86.1800 to $86.8300.
- Following these transactions, Waring directly owns 289,400 shares of common stock and indirectly owns 6,991 shares through a 401(k) plan.
- Waring also continues to hold 36,100 employee stock options.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.
Industry Context
This Form 4 filing reflects routine insider trading activity. Executives often exercise stock options and sell shares for personal financial management. The filing itself doesn't necessarily indicate a positive or negative outlook for the company.
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
| 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. |
| 11/06/2024 | Date of stock option exercise and share sale. |
| 11/07/2024 | Date of Form 4 filing. |
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