WARING SUMNER J III 4
4 · SERVICE CORP INTERNATIONAL · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
SERVICE CORP INTERNATIONAL (SCI) President Waring Sumner Sells 3,300 Shares
What Happened
Waring Sumner J III, President of Service Corp International (SCI), had 3,300 shares withheld on March 5, 2026 to cover tax liabilities associated with the vesting of restricted stock. The shares were valued at $81.42 each, for a total value of approximately $268,686. This was a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date and price: March 5, 2026 — 3,300 shares withheld at $81.42 per share (total ~ $268,686).
- Transaction type/code: F — shares withheld to satisfy tax withholding on vested restricted stock.
- Shares owned after transaction: Not specified in the provided filing summary.
- Footnote: F1 — confirms the shares were withheld on March 5, 2026 to cover taxes tied to vesting of restricted stock.
- Filing timeliness: Form 4 filed March 9, 2026 (appears timely with respect to the March 5 transaction).
Context
Tax-withholding dispositions (code F) are routine and occur when companies withhold shares to satisfy an insider's tax obligations upon vesting. These transactions generally do not indicate the insider is reducing their stake for investment reasons, unlike open-market sales.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-05$81.42/sh−3,300$268,686→ 301,188 total
- 7,131(indirect: By 401(k))
Common Stock
Footnotes (1)
- [F1]Represents shares withheld on March 5, 2026 to cover taxes associated with the vesting of shares of restricted stock.