SCI (NYSE: SCI) president granted 39,788 options and 9,296 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Service Corporation International president Sumner J. Waring III received new equity awards. He was granted 39,788 employee stock options at an exercise price of $0.00, which vest in three equal installments on February 18, 2027, 2028, and 2029. He also acquired 9,296 shares of common stock as a grant, bringing his directly owned common shares to 304,488, with an additional 7,131 shares held indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
WARING SUMNER J III
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (right to buy) | 39,788 | $0.00 | -- |
| Grant/Award | Common Stock | 9,296 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 39,788 shares (Direct);
Common Stock — 304,488 shares (Direct);
Common Stock — 7,131 shares (Indirect, By 401(k) plan)
Footnotes (1)
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FAQ
What insider transactions did SCI president Sumner J. Waring III report?
SCI president Sumner J. Waring III reported equity awards on February 18, 2026. He received 39,788 employee stock options and 9,296 shares of common stock as grants, both at an indicated price of $0.00 per share, increasing his overall equity holdings.
How many stock options did the SCI president receive in this Form 4 filing?
The SCI president received 39,788 employee stock options in this filing. These options were granted at a stated exercise price of $0.00 per share and will vest over time, providing potential future ownership if the options are exercised after they vest.
What is the vesting schedule for Sumner J. Waring III’s SCI stock options?
The 39,788 SCI stock options vest in three equal installments. Vesting occurs on February 18, 2027, February 18, 2028, and February 18, 2029. This structure ties the president’s potential option value to continued service and the company’s long-term performance over several years.
Does this SCI Form 4 show any insider sales by the president?
This Form 4 does not report any insider sales by the SCI president. All reported transactions are coded as grants or awards, classified as acquisitions, including stock options and common shares, with no dispositions or sell transactions disclosed in the summarized data.