Form 4: Service Corporation International CEO Thomas Ryan Executes Stock Options and Sells Shares
SEC Form 4 Filing
Thomas Ryan, President, CEO & Chairman of Service Corporation International, exercised stock options and sold shares on August 14 and 15, 2024.
Summary
- Thomas L. Ryan, the President, CEO & Chairman of Service Corporation International (SCI), engaged in transactions involving the company's stock on August 14 and 15, 2024.
- On both days, Ryan exercised employee stock options to acquire shares of common stock at a price of $29.25 per share.
- Simultaneously, Ryan sold portions of these shares on the open market at weighted average prices of $75.0507 and $75.6317 on August 14 and 15, respectively.
- The total number of shares sold on August 14 was 21,596 and on August 15 was 74,189.
- Following these transactions, Ryan directly owns 988,365 shares of SCI common stock.
- Ryan also indirectly owns 157,899 shares through three children's trusts and 486,300 shares through a deferred compensation plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating insider transactions. It doesn't inherently convey positive or negative sentiment, but rather reports factual information about stock transactions.
Industry Context
This filing reflects routine transactions by a company executive, which are common in publicly traded companies. The exercise of options and subsequent sale of shares is a typical way for executives to realize compensation.
Stakeholder Impact
- The transactions could have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal given the size of the transactions relative to the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/07/2018 | First vesting date of the employee stock option in three equal installments. |
| 02/07/2019 | Second vesting date of the employee stock option in three equal installments. |
| 02/07/2020 | Third vesting date of the employee stock option in three equal installments. |
| 08/14/2024 | Thomas Ryan exercised stock options for 21,596 shares and sold 21,596 shares. |
| 08/15/2024 | Thomas Ryan exercised stock options for 74,189 shares and sold 74,189 shares. |
| 08/16/2024 | Date of Form 4 filing. |
| 02/07/2025 | Expiration date of the employee stock options. |
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