Form 4: Service Corporation International CFO Exercises Options and Sells Shares
SEC Form 4 Filing
Eric D. Tanzberger, CFO of Service Corporation International, executed stock options and sold shares on August 8, 2024.
Summary
- On August 8, 2024, Eric D. Tanzberger, the Senior VP and CFO of Service Corporation International (SCI), exercised employee stock options to acquire 66,200 shares of common stock at a price of $42.63 per share.
- Simultaneously, Tanzberger sold 66,200 shares of SCI common stock at a weighted average price of $74.4814, with individual sales ranging from $74.3100 to $74.685 per share.
- Following these transactions, Tanzberger directly owns 112,907 shares of SCI common stock.
- He also indirectly owns 28,101 shares through a 401(k) plan and 34,710 shares through a Deferred Compensation Plan.
Sentiment
Score: 5
Explanation: The document describes a routine transaction; it's neither particularly positive nor negative.
Industry Context
This filing reflects routine insider transactions. It's common for executives to exercise stock options and sell shares for personal financial management.
Key Dates
| Date | Description |
|---|---|
| 02/20/2020 | First vesting date of the employee stock option. |
| 02/20/2021 | Second vesting date of the employee stock option. |
| 02/20/2022 | Third vesting date of the employee stock option. |
| 02/20/2027 | Expiration date of the employee stock option. |
| 08/08/2024 | Date of stock option exercise and share sale. |
| 08/12/2024 | Date of Form 4 filing. |
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