Faulk John H 4
Research Summary
AI-generated summary
SERVICE CORP INTERNATIONAL (SCI) SVP John Faulk Withholds 1,361 Shares
What Happened
John H. Faulk, Senior Vice President and Chief Operating Officer of Service Corp International (SCI), had 1,361 shares withheld on March 5, 2026 to cover taxes tied to the vesting of restricted stock. The withholding was recorded at $81.42 per share for a total value of $110,813. This was a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date and price: March 5, 2026 — 1,361 shares at $81.42 each. Total value ≈ $110,813.
- Transaction type/code: F — shares withheld to cover taxes on vested restricted stock (disposition).
- Footnote: F1 — "Represents shares withheld on March 5, 2026 to cover taxes associated with the vesting of shares of restricted stock."
- Shares owned after transaction: Not specified in the filing.
- Filing timeliness: Report filed 2026-03-09; this appears to be timely (filed within required business-day window).
Context
Tax-withholding dispositions are routine administrative actions when restricted stock vests and do not represent a voluntary sale or a direct expression of the insider’s view on the company. Code F transactions reduce the insider’s outstanding shares to satisfy tax obligations and should be interpreted differently than open-market sales or purchases.