Form 4: Service Corporation International CEO Thomas Ryan Exercises Options and Sells Shares
SEC Form 4 Filing
Thomas Ryan, CEO of Service Corporation International, exercised stock options and sold 50,000 shares of common stock on March 6, 2024.
Summary
- On March 6, 2024, Thomas L. Ryan, the President, CEO, and Chairman of Service Corporation International (SCI), exercised employee stock options to acquire 50,000 shares of common stock at a price of $29.25 per share.
- Simultaneously, Ryan sold 50,000 shares of SCI common stock at a weighted average price of $75.4111, with individual sales prices ranging from $75.1900 to $75.685 per share.
- Following these transactions, Ryan directly owns 988,365 shares of SCI common stock.
- He also indirectly owns 157,899 shares through three children's trusts and 486,300 shares through a deferred compensation plan.
- Ryan continues to hold options for 197,000 shares.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects standard executive compensation activity.
Industry Context
This filing reflects routine transactions by a company executive and is typical for executive compensation packages.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 02/07/2018 | First vesting date of employee stock option in three equal installments. |
| 02/07/2019 | Second vesting date of employee stock option in three equal installments. |
| 02/07/2020 | Third vesting date of employee stock option in three equal installments. |
| 02/07/2025 | Expiration date of employee stock option. |
| 03/06/2024 | Date of stock option exercise and share sale. |
| 03/08/2024 | Date of Form 4 filing. |
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