President surrenders shares for taxes. Service Corporation International (NYSE: SCI) President Sumner J. Waring III forfeited 3,300 shares at $81.42 per share on March 9, 2026, totaling $268,686 in value. The transaction type F indicates shares withheld to satisfy tax obligations on vested equity compensation, not a discretionary sale.
Three other executives forfeit shares. The filing was part of a coordinated cluster of four insider transactions on the same day, totaling 8,291 shares worth $675,053 across the executive team. Executive VP and CFO Eric D. Tanzberger forfeited 2,277 shares worth $185,393, SVP and COO John H. Faulk surrendered 1,361 shares valued at $110,813, and Senior VP and General Counsel Lori Spilde forfeited 1,353 shares totaling $110,161.
Tax withholding, not market sales. All four transactions carried the same $81.42 price per share, reflecting the stock’s closing price on the vesting date rather than open-market execution. Type F forfeitures are automatic withholdings mandated by equity compensation plan terms and do not represent insiders’ views on valuation or future performance. These shares never reach the open market—they’re retired to cover tax liabilities.
Waring retains substantial stake. Following the forfeiture, Waring holds 301,188 shares in Service Corporation International. The funeral services provider’s executive team maintains significant equity ownership despite the routine tax-related share surrenders tied to March vesting schedules.
This article was generated using AlphaStreet’s proprietary financial analysis technology and reviewed by our editorial team.
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