CEO Thomas Ryan and COO John Faulk sold a combined $22.2M in open-market sales, with Ryan alone selling $21.6M. These sales follow derivative exercises at low strike prices, making them likely part of routine tax-planning and diversification rather than a bearish signal. The total open-market sales represent ~0.19% of SCI's $11.7B market cap, a modest amount that does not warrant a bearish read-through for the stock. Historical calibration shows prior neutral-to-bullish reports on SCI have underperformed, and the cluster's proportionality is below the materiality threshold, supporting a neutral stance with low impact.
Price Chart
Executive Summary
CEO Thomas Ryan and COO John Faulk sold a combined $22.2M in open-market sales, with Ryan alone selling $21.6M. These sales follow derivative exercises at low strike prices, making them likely part of routine tax-planning and diversification rather than a bearish signal. The total open-market sales represent ~0.19% of SCI's $11.7B market cap, a modest amount that does not warrant a bearish read-through for the stock. Historical calibration shows prior neutral-to-bullish reports on SCI have underperformed, and the cluster's proportionality is below the materiality threshold, supporting a neutral stance with low impact.
Key Financial Metrics
Key Facts
- CEO Thomas L. Ryan sold 253,391 shares for ~$21.6M (open-market) on 2026-07-31
- COO John H. Faulk sold 24,600 shares for ~$2.11M (open-market) on 2026-07-31
- CFO Eric D. Tanzberger sold 54,800 shares for ~$4.72M (open-market) on 2026-08-03
- Total open-market sales by all insiders: ~$28.4M, or ~0.24% of SCI's $11.7B market cap
- All sales were preceded by derivative exercises at $0 or $42.63–$49.59 strike prices, indicating routine tax-motivated selling
- No open-market purchases were made by any insider in the cluster window
Financial Impact
Total insider open-market sales of ~$28.4M represent ~0.24% of SCI's $11.7B market cap — a modest, non-material amount
Risk Factors
- CEO Ryan's $21.6M sale could be misinterpreted by the market as a bearish signal, causing short-term selling pressure
- The cluster occurs near the end of a quarter, potentially ahead of earnings; if Q2 results disappoint, the insider sales may be viewed negatively in hindsight
- Historical calibration shows prior neutral reports on SCI have underperformed at T+20, suggesting the stock may face headwinds regardless of this filing
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SCI-1785900688446 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 5, 2026 8w ago | Press Release | $85.34 $81.09 | ▼ −4.98% | ▼ −4.38% | $76.96 (−9.83%) |
Aug 4, 2026 8w ago | Insider Cluster | $85.52 $81.43 | ▼ −4.78% | ▼ −3.54% | $76.96 (−10.02%) |
Aug 4, 2026 8w ago | Insider Cluster | $85.52 $81.43 | ▼ −4.78% | ▼ −3.54% | $76.96 (−10.02%) |
Jul 29, 2026 9w ago | 8-K | $85.29 $83.47 | ▼ −2.13% | ▼ −6.10% | $76.96 (−9.77%) |
Jul 29, 2026 9w ago | Press Release | $85.29 $83.47 | ▼ −2.13% | ▼ −6.10% | $76.96 (−9.77%) |
Jul 16, 2026 11w ago | Press Release | $79.67 $83.12 | ▲ +4.33% | ▲ +0.71% | $76.96 (−3.41%) |
May 6, 2026 21w ago | 8-K | $78.38 $68.77 | ▼ −12.26% | ▼ −15.04% | $76.96 (−1.82%) |
Apr 29, 2026 22w ago | 8-K | $80.66 $75.10 | ▼ −6.89% | ▼ −12.12% | $76.96 (−4.59%) |
Apr 24, 2026 22w ago | DEFA14A | $87.39 $76.73 | ▼ −12.20% | ▼ −16.22% | $76.96 (−11.94%) |
Apr 3, 2026 25w ago | DEFA14A | $82.27 $78.62 | ▼ −4.44% | ▼ −13.42% | $76.96 (−6.46%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access