Service Corp Intl (SCI) SVP John Faulk Exercises Options, Sells 24,600 Shares

What Happened John H. Faulk, SVP and COO of Service Corp International (SCI), exercised stock options to acquire 24,600 shares and sold those 24,600 shares the same day. The options were exercised at $42.63 per share (total cost reported $1,048,698) and the shares were sold in the open market at a weighted-average price of $85.6464 per share (total proceeds reported $2,106,901). Net proceeds from the round-trip were roughly $1.06M. This is an option exercise followed by an immediate sale (common/routine liquidity event), not a standalone purchase.

Key Details

• Transaction date: July 31, 2026.
• Exercise: 24,600 shares at $42.63 per share; reported cost $1,048,698 (code M).
• Sale: 24,600 shares sold in multiple trades at prices between $85.50 and $86.05; weighted-average sale $85.6464; reported proceeds $2,106,901 (code S). Footnote F1 provides the price range and weighted average.
• Vesting: The option vested in three equal annual installments on Feb 20, 2020, 2021, and 2022 (footnote F2).
• Derivative disposition: Filing shows the related option was converted/terminated as part of the exercise (an M entry with $0.00 disposition).
• Shares owned after the transaction: Not specified in the provided filing.
• Timeliness: Report filed Aug 4, 2026 for a Jul 31, 2026 transaction — appears timely (Form 4 due within two business days).

Context This was a classic exercise-and-sell (cashless) transaction: vested options were exercised and the resulting shares were sold the same day. Such transactions are typically liquidity events and do not necessarily signal a change in an insider’s view of the company. The filing’s footnotes clarify the vesting history and that sales were done in multiple trades at prices within the cited range.