Thomas L. Ryan (SCI) Exercises Options at $42.63 and Sells at ~$81.82
Rhea-AI Filing Summary
Service Corporation International (SCI) insider transactions: Thomas L. Ryan, CEO & Chairman, exercised employee stock options and immediately sold the acquired shares across August 21-22, 2025. On August 21 he exercised 18,089 options at an exercise price of $42.63 and reported sales of 18,089 shares at a weighted average price of $81.8199. On August 22 he exercised 17,520 options at $42.63 and sold 17,520 shares at a weighted average price of $81.9073. After these transactions his direct beneficial ownership is reported as 982,333 shares. He also reports indirect holdings of 157,899 shares via three children\'s trusts and 519,105 shares via a deferred compensation plan. The filing shows remaining employee stock options covering 270,911 and 253,391 underlying shares following the exercises.
Positive
- Detailed pricing disclosure including weighted average sale prices and price ranges for the multiple trades on each day
- Clear disclosure of indirect holdings (157,899 shares via trusts and 519,105 via deferred compensation) and remaining option positions
Negative
- Insider sales of exercised shares totaling 35,609 shares across August 21-22, 2025, which reduced direct beneficial ownership
- Limited context in the filing regarding intent or any trading plan governing the sales (no Rule 10b5-1 plan box checked)
Insights
TL;DR: CEO exercised options at $42.63 and sold the resulting shares at ~ $81.82 on August 21-22, 2025, reducing direct holdings to 982,333 shares.
These are routine Section 16 transactions: option exercises followed by immediate sales reported at weighted average sale prices. The filing discloses both direct and indirect ownership components, including significant indirect positions held in trusts and a deferred compensation plan. The transactions are plainly documented with exercise prices, sale dates, and weighted average sale prices, enabling straightforward verification of proceeds and remaining option positions.
TL;DR: Transactions are transparent and comply with Form 4 disclosure norms, including explanation of price ranges and vesting history.
The report includes explanatory notes stating the sales occurred in multiple trades with provided price ranges and weighted average prices, and it clarifies that the options vested in three equal installments in 2020-2022. Indirect holdings and the capacity in which the reporting person holds them are disclosed. From a governance and disclosure perspective, the filing appears complete for the reported transactions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee stock option (right to buy) | 17,520 | $0.00 | -- |
| Exercise | Common Stock | 17,520 | $42.63 | $747K |
| Sale | Common Stock | 17,520 | $81.9073 | $1.44M |
| Exercise | Employee stock option (right to buy) | 18,089 | $0.00 | -- |
| Exercise | Common Stock | 18,089 | $42.63 | $771K |
| Sale | Common Stock | 18,089 | $81.8199 | $1.48M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The shares were sold in multiple transactions at prices ranging from $81.7500 to $81.9800 per share on August 21, 2025. The $81.8199 sale price reported above is the weighted average sale price. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price. The shares were sold in multiple transactions at prices ranging from $81.7500 to $82.1200 per share on August 22, 2025. The $81.9073 sale price reported above is the weighted average sale price. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price. The shares are held by a trust over which the reporting person has investment control but is not the trustee. The option vested in three equal installments on February 20, 2020, 2021, and 2022.
