SERVICE CORP (SCI) CFO Eric Tanzberger Exercises Options, Sells Shares

What Happened
Eric D. Tanzberger, Executive Vice President and Chief Financial Officer of Service Corp International (SCI), exercised stock options and immediately sold the resulting shares on August 3, 2026. He exercised options covering 54,800 shares at an exercise price of $49.59 (cost $2,717,532) and sold those 54,800 shares in open-market trades for a weighted average price of $86.0413, generating gross proceeds of $4,715,063. The filing also shows a disposition of 54,600 derivative shares at $0.00, consistent with shares surrendered in connection with the exercise (see Key Details). Rough pre-tax gain on the exercised/sold block = about $2.0M (proceeds minus exercise cost).

Key Details

• Transaction date: August 3, 2026; Form 4 filed August 4, 2026 (timely).
• Exercise: 54,800 shares @ $49.59 = $2,717,532 (code M = option exercise).
• Sale: 54,800 shares sold in multiple trades at prices from $85.68–$86.29; weighted average $86.0413 = $4,715,063. (Footnote: reporting person can provide per-trade prices on request.)
• Derivative disposition: 54,600 shares shown as disposed at $0.00 — typically reflects shares withheld/surrendered to cover taxes or exercise costs.
• Shares owned following the transactions: Not specified in the filing.
• Vesting note: The option vested in three equal installments on Feb 17 of 2022, 2023, and 2024 (footnote).

Context

• This was effectively a cashless exercise: options were exercised and the shares sold the same day. Such transactions are common for executives managing compensation, taxes, or liquidity and do not by themselves signal a change in company outlook.
• The filing does not indicate any 10b5-1 plan or late filing; timing here appears routine (trade date Aug 3, filing Aug 4).
• For retail investors, purchases are often more indicative of bullish insider sentiment than routine exercises followed by immediate sales; this transaction primarily represents option monetization.