Director at Service Corp (NYSE: SCI) awarded 2,448 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WATTS MARCUS A reported acquisition or exercise transactions in this Form 4 filing.
Service Corp International director Marcus A. Watts received 2,448 shares of common stock as a stock award. The shares were granted at no cost and increased his direct holdings to 60,650 shares. He also indirectly holds 2,642 shares through a Deferred Compensation Plan and 10,971 shares through family trusts where he serves as trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
WATTS MARCUS A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,448 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 60,650 shares (Direct, null);
Common Stock — 10,971 shares (Indirect, See Footnote)
Footnotes (1)
- [object Object]
Key Figures
Stock award: 2,448 shares
Direct holdings after award: 60,650 shares
Deferred Compensation Plan holdings: 2,642 shares
+2 more
5 metrics
Stock award
2,448 shares
Grant of SCI common stock at $0.0000 per share
Direct holdings after award
60,650 shares
SCI common stock directly owned post-transaction
Deferred Compensation Plan holdings
2,642 shares
SCI common stock held indirectly via Deferred Compensation Plan
Family trust holdings
10,971 shares
SCI common stock held indirectly through family trusts
Grant price
$0.0000 per share
Reported price for the 2,448-share award
Key Terms
Deferred Compensation Plan, family trusts, Grant, award, or other acquisition
3 terms
Deferred Compensation Plan financial
"nature_of_ownership: By Deferred Compensation Plan"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
family trusts financial
"The shares are held by family trusts, of which reporting person is the trustee."
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did SCI director Marcus A. Watts report in this Form 4 filing?
Marcus A. Watts reported receiving a stock award of 2,448 shares of Service Corp International common stock. The award increased his directly held position and is disclosed alongside his existing indirect holdings through a Deferred Compensation Plan and family trusts.
What indirect SCI holdings does Marcus A. Watts report on this Form 4?
He reports 2,642 SCI shares held indirectly through a Deferred Compensation Plan and 10,971 SCI shares held indirectly through family trusts where he serves as trustee. These positions are separate from his directly owned shares.