Form 4: Service Corporation International SVP, COO John H. Faulk Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
John H. Faulk, SVP and COO of Service Corporation International, disposed of 1,359 shares of common stock on March 5, 2025, to cover tax obligations associated with vesting restricted stock.
Summary
- On March 5, 2025, John H. Faulk, the SVP and COO of Service Corporation International (SCI), disposed of 1,359 shares of common stock.
- The transaction was executed to cover taxes associated with the vesting of restricted stock.
- The price per share was $78.94.
- Following the transaction, Faulk beneficially owns 54,681 shares of SCI common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact sentiment. It's a neutral event.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock. This transaction is a common occurrence where executives sell shares to cover tax obligations arising from vesting equity.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/05/2025 | Date of stock disposal to cover taxes associated with vesting of restricted stock. |
| 03/07/2025 | Date of signature by Attorney-in-Fact for John H. Faulk. |
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