Gregory T Sangalis
First SEC filing: July 13, 2007 · Latest: July 13, 2007
Insider at
Insider transactions
Price change vs current quote, split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted
| Date | Ticker | Code | Shares | Price | Value | Owned after | Δ own | A/D | vs now |
|---|---|---|---|---|---|---|---|---|---|
| March 6, 2023 | SCI | F | 2,430 | $67.29 | $163,515 | 125,751 Direct | -1.90% | Disposed | 14.9% (price as of 2026-10-06) |
| June 6, 2022 | SCI | M | 85 | · | · | 0 Direct | · | Acquired | (price as of 2026-10-06) |
| June 6, 2022 | SCI | S | 85 | $71.00 | $6,035 | 128,181 Direct | -0.07% | Disposed | 8.9% (price as of 2026-10-06) |
| June 6, 2022 | SCI | M | 85 | $23.00 | $1,955 | 128,266 Direct | +0.07% | Acquired | 236.1% (price as of 2026-10-06) |
| June 3, 2022 | SCI | M | 22,715 | · | · | 85 Direct | · | Acquired | (price as of 2026-10-06) |
| June 3, 2022 | SCI | S | 22,715 | $71.04 | $1,613,674 | 128,181 Direct | -15.05% | Disposed | 8.8% (price as of 2026-10-06) |
| June 3, 2022 | SCI | M | 22,715 | $23.00 | $522,445 | 150,896 Direct | +17.72% | Acquired | 236.1% (price as of 2026-10-06) |
| May 27, 2022 | SCI | M | 22,800 | · | · | 22,800 Direct | · | Acquired | (price as of 2026-10-06) |
| May 27, 2022 | SCI | S | 22,800 | $70.02 | $1,596,456 | 128,181 Direct | -15.10% | Disposed | 10.4% (price as of 2026-10-06) |
| May 27, 2022 | SCI | M | 22,800 | $23.00 | $524,400 | 150,981 Direct | +17.79% | Acquired | 236.1% (price as of 2026-10-06) |
| May 23, 2022 | SCI | M | 22,800 | · | · | 45,600 Direct | +100.00% | Acquired | (price as of 2026-10-06) |
| May 23, 2022 | SCI | S | 22,800 | $69.29 | $1,579,812 | 128,181 Direct | -15.10% | Disposed | 11.6% (price as of 2026-10-06) |
| May 23, 2022 | SCI | M | 22,800 | $23.00 | $524,400 | 150,981 Direct | +17.79% | Acquired | 236.1% (price as of 2026-10-06) |
| March 7, 2022 | SCI | F | 1,698 | $61.35 | $104,172 | 128,181 Direct | -1.31% | Disposed | 26.0% (price as of 2026-10-06) |
| Feb. 16, 2022 | SCI | A | 31,300 | · | · | 31,300 Direct | · | Acquired | (price as of 2026-10-06) |
| Feb. 16, 2022 | SCI | A | 5,580 | · | · | 129,879 Direct | +4.49% | Acquired | (price as of 2026-10-06) |
| July 30, 2021 | SCI | M | 31,000 | · | · | 0 Direct | · | Acquired | (price as of 2026-10-06) |
| July 30, 2021 | SCI | S | 31,000 | $62.68 | $1,943,080 | 124,299 Direct | -19.96% | Disposed | 23.3% (price as of 2026-10-06) |
| July 30, 2021 | SCI | M | 31,000 | $17.40 | $539,400 | 155,299 Direct | +24.94% | Acquired | 344.3% (price as of 2026-10-06) |
| June 8, 2021 | SCI | M | 20,700 | · | · | 31,000 Direct | +200.97% | Acquired | (price as of 2026-10-06) |
| June 8, 2021 | SCI | S | 20,700 | $53.42 | $1,105,794 | 124,299 Direct | -14.28% | Disposed | 44.7% (price as of 2026-10-06) |
| June 8, 2021 | SCI | M | 20,700 | $17.40 | $360,180 | 144,999 Direct | +16.65% | Acquired | 344.3% (price as of 2026-10-06) |
| March 5, 2021 | SCI | F | 884 | $46.70 | $41,283 | 124,299 Direct | -0.71% | Disposed | 65.5% (price as of 2026-10-06) |
| Feb. 17, 2021 | SCI | A | 36,900 | · | · | 36,900 Direct | · | Acquired | (price as of 2026-10-06) |
| Feb. 17, 2021 | SCI | A | 6,310 | · | · | 125,183 Direct | +5.31% | Acquired | (price as of 2026-10-06) |
| Jan. 15, 2021 | SCI | F | 12,840 | $50.14 | $643,798 | 77,580 Indirect | -14.20% | Disposed | 54.2% (price as of 2026-10-06) |
| Nov. 18, 2020 | SCI | G | 5,000 | · | · | 99,613 Direct | -4.78% | Disposed | (price as of 2026-10-06) |
| Nov. 17, 2020 | SCI | M | 25,000 | · | · | 51,700 Direct | +93.63% | Acquired | (price as of 2026-10-06) |
| Nov. 17, 2020 | SCI | S | 25,000 | $50.05 | $1,251,250 | 104,613 Direct | -19.29% | Disposed | 54.4% (price as of 2026-10-06) |
| Nov. 17, 2020 | SCI | M | 25,000 | $17.40 | $435,000 | 129,613 Direct | +23.90% | Acquired | 344.3% (price as of 2026-10-06) |
| Feb. 20, 2020 | SCI | M | 68,700 | · | · | 0 Direct | · | Acquired | (price as of 2026-10-06) |
| Feb. 20, 2020 | SCI | S | 68,700 | $51.54 | $3,540,798 | 104,613 Direct | -39.64% | Disposed | 50.0% (price as of 2026-10-06) |
| Feb. 20, 2020 | SCI | M | 68,700 | $15.26 | $1,048,362 | 173,313 Direct | +65.67% | Acquired | 406.6% (price as of 2026-10-06) |
| Feb. 19, 2020 | SCI | A | 56,700 | · | · | 56,700 Direct | · | Acquired | (price as of 2026-10-06) |
| Feb. 19, 2020 | SCI | A | 6,630 | · | · | 104,613 Direct | +6.77% | Acquired | (price as of 2026-10-06) |
| June 3, 2019 | SCI | S | 57,293 | $40.01 | $2,292,293 | 97,983 Direct | -36.90% | Disposed | 93.2% (price as of 2026-10-06) |
| May 31, 2019 | SCI | M | 71,400 | · | · | 0 Direct | · | Acquired | (price as of 2026-10-06) |
| May 31, 2019 | SCI | S | 14,107 | $44.00 | $620,708 | 155,276 Direct | -8.33% | Disposed | 75.7% (price as of 2026-10-06) |
| May 31, 2019 | SCI | M | 71,400 | $11.18 | $798,252 | 169,383 Direct | +72.87% | Acquired | 591.4% (price as of 2026-10-06) |
| Feb. 20, 2019 | SCI | A | 46,500 | · | · | 46,500 Direct | · | Acquired | (price as of 2026-10-06) |
| Feb. 20, 2019 | SCI | A | 7,430 | · | · | 109,680 Indirect | +7.27% | Acquired | (price as of 2026-10-06) |
| Nov. 16, 2018 | SCI | S | 23,617 | $44.90 | $1,060,403 | 97,983 Direct | -19.42% | Disposed | 72.2% (price as of 2026-10-06) |
| Nov. 12, 2018 | SCI | S | 16,383 | $45.00 | $737,235 | 121,600 Direct | -11.87% | Disposed | 71.8% (price as of 2026-10-06) |
| Feb. 13, 2018 | SCI | A | 56,400 | · | · | 56,400 Direct | -50.00% | Disposed | (price as of 2026-10-06) |
| Feb. 13, 2018 | SCI | A | 8,250 | · | · | 102,250 Indirect | +8.78% | Acquired | (price as of 2026-10-06) |
| Nov. 10, 2017 | SCI | M | 80,400 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-06) |
| Nov. 10, 2017 | SCI | M | 80,400 | $9.09 | $730,836 | 137,983 Direct | +139.62% | Acquired | 750.4% (price as of 2026-10-06) |
| Sept. 13, 2017 | SCI | M | 72,300 | $7.62 | $550,926 | 129,883 Direct | +125.56% | Acquired | 914.4% (price as of 2026-10-06) |
| Sept. 13, 2017 | SCI | S | 72,300 | $35.40 | $2,559,420 | 57,583 Direct | -55.67% | Disposed | 118.4% (price as of 2026-10-06) |
| Sept. 13, 2017 | SCI | M | 72,300 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-06) |
| Feb. 7, 2017 | SCI | A | 79,000 | · | · | 79,000 Direct | · | Acquired | (price as of 2026-10-06) |
| Feb. 7, 2017 | SCI | A | 10,600 | · | · | 94,000 Indirect | +12.71% | Acquired | (price as of 2026-10-06) |
| Jan. 9, 2017 | SCI | F | 4,176 | $28.94 | $120,853 | 83,400 Indirect | -4.77% | Disposed | 167.1% (price as of 2026-10-06) |
| Nov. 29, 2016 | SCI | G | 10,000 | · | · | 57,583 Direct | -14.80% | Disposed | (price as of 2026-10-06) |
| May 11, 2016 | SCI | A | 97,000 | · | · | 97,000 Direct | · | Acquired | (price as of 2026-10-06) |
| Feb. 9, 2016 | SCI | A | 12,600 | · | · | 100,100 Indirect | +14.40% | Acquired | (price as of 2026-10-06) |
| Aug. 19, 2015 | SCI | M | 80,000 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-06) |
| Aug. 19, 2015 | SCI | M | 49,000 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-06) |
| Aug. 19, 2015 | SCI | S | 129,000 | $32.00 | $4,128,000 | 55,059 Direct | -70.09% | Disposed | 141.6% (price as of 2026-10-06) |
| Aug. 19, 2015 | SCI | M | 80,000 | $4.18 | $334,400 | 184,059 Direct | +76.88% | Acquired | 1749.3% (price as of 2026-10-06) |
| Aug. 19, 2015 | SCI | M | 49,000 | $11.60 | $568,400 | 104,059 Direct | +89.00% | Acquired | 566.4% (price as of 2026-10-06) |
| May 8, 2015 | SCI | M | 24,500 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-06) |
| May 8, 2015 | SCI | S | 24,500 | $28.00 | $686,000 | 55,059 Direct | -30.79% | Disposed | 176.1% (price as of 2026-10-06) |
| May 8, 2015 | SCI | M | 24,500 | $12.67 | $310,415 | 79,559 Direct | +44.50% | Acquired | 510.1% (price as of 2026-10-06) |
| March 2, 2015 | SCI | M | 20,000 | · | · | 24,500 Direct | -44.94% | Disposed | (price as of 2026-10-06) |
| March 2, 2015 | SCI | S | 20,000 | $25.00 | $500,000 | 55,059 Direct | -26.65% | Disposed | 209.2% (price as of 2026-10-06) |
| March 2, 2015 | SCI | M | 20,000 | $12.67 | $253,400 | 75,059 Direct | +36.32% | Acquired | 510.1% (price as of 2026-10-06) |
| Feb. 10, 2015 | SCI | A | 68,400 | · | · | 68,400 Direct | · | Acquired | (price as of 2026-10-06) |
| Feb. 10, 2015 | SCI | A | 11,800 | · | · | 87,500 Indirect | +15.59% | Acquired | (price as of 2026-10-06) |
| Nov. 28, 2014 | SCI | M | 14,751 | · | · | 44,500 Direct | -24.90% | Disposed | (price as of 2026-10-06) |
| Nov. 28, 2014 | SCI | S | 14,751 | $22.36 | $329,832 | 55,059 Direct | -21.13% | Disposed | 245.7% (price as of 2026-10-06) |
| Nov. 28, 2014 | SCI | M | 14,751 | $12.67 | $186,895 | 69,810 Direct | +26.79% | Acquired | 510.1% (price as of 2026-10-06) |
| Nov. 26, 2014 | SCI | M | 4,549 | · | · | 59,251 Direct | -7.13% | Disposed | (price as of 2026-10-06) |
| Nov. 26, 2014 | SCI | S | 4,549 | $22.35 | $101,670 | 55,059 Direct | -7.63% | Disposed | 245.9% (price as of 2026-10-06) |
| Nov. 26, 2014 | SCI | M | 4,549 | $12.67 | $57,636 | 59,608 Direct | +8.26% | Acquired | 510.1% (price as of 2026-10-06) |
| Nov. 25, 2014 | SCI | M | 700 | · | · | 63,800 Direct | -1.09% | Disposed | (price as of 2026-10-06) |
| Nov. 25, 2014 | SCI | S | 700 | $22.35 | $15,645 | 55,059 Direct | -1.26% | Disposed | 245.9% (price as of 2026-10-06) |
| Nov. 25, 2014 | SCI | M | 700 | $12.67 | $8,869 | 55,759 Direct | +1.27% | Acquired | 510.1% (price as of 2026-10-06) |
| Aug. 14, 2014 | SCI | M | 40,000 | · | · | 64,500 Direct | -38.28% | Disposed | (price as of 2026-10-06) |
| Aug. 14, 2014 | SCI | S | 40,000 | $21.62 | $864,800 | 55,059 Direct | -42.08% | Disposed | 257.5% (price as of 2026-10-06) |
| Aug. 14, 2014 | SCI | M | 40,000 | $12.67 | $506,800 | 95,059 Direct | +72.65% | Acquired | 510.1% (price as of 2026-10-06) |
| May 1, 2014 | SCI | M | 50,000 | · | · | 104,500 Direct | -32.36% | Disposed | (price as of 2026-10-06) |
| May 1, 2014 | SCI | S | 50,000 | $19.19 | $959,500 | 55,059 Direct | -47.59% | Disposed | 302.8% (price as of 2026-10-06) |
| May 1, 2014 | SCI | M | 50,000 | $12.67 | $633,500 | 105,059 Direct | +90.81% | Acquired | 510.1% (price as of 2026-10-06) |
| Feb. 11, 2014 | SCI | A | 76,700 | · | · | 76,700 Direct | · | Acquired | (price as of 2026-10-06) |
| Feb. 11, 2014 | SCI | A | 14,500 | · | · | 75,700 Indirect | +23.69% | Acquired | (price as of 2026-10-06) |
| March 5, 2013 | SCI | F | 3,028 | $15.64 | $47,358 | 55,059 Direct | -5.21% | Disposed | 394.2% (price as of 2026-10-06) |
| Feb. 12, 2013 | SCI | A | 68,700 | · | · | 68,700 Direct | · | Acquired | (price as of 2026-10-06) |
| Feb. 12, 2013 | SCI | A | 16,700 | · | · | 61,200 Indirect | +37.53% | Acquired | (price as of 2026-10-06) |
| Sept. 6, 2012 | SCI | M | 79,600 | · | · | 80,000 Direct | -49.87% | Disposed | (price as of 2026-10-06) |
| Sept. 6, 2012 | SCI | S | 74,600 | $13.59 | $1,013,814 | 58,087 Direct | -56.22% | Disposed | 468.8% (price as of 2026-10-06) |
| Sept. 6, 2012 | SCI | M | 79,600 | $4.18 | $332,728 | 132,687 Direct | +149.94% | Acquired | 1749.3% (price as of 2026-10-06) |
| March 5, 2012 | SCI | F | 4,833 | $11.04 | $53,356 | 97,587 Direct | -4.72% | Disposed | 600.2% (price as of 2026-10-06) |
| Feb. 7, 2012 | SCI | A | 71,400 | · | · | 71,400 Direct | · | Acquired | (price as of 2026-10-06) |
| Feb. 7, 2012 | SCI | A | 21,500 | · | · | 102,420 Direct | +26.57% | Acquired | (price as of 2026-10-06) |
| March 7, 2011 | SCI | F | 6,659 | $10.94 | $72,849 | 80,920 Direct | -7.60% | Disposed | 606.6% (price as of 2026-10-06) |
| Feb. 9, 2011 | SCI | A | 23,000 | · | · | 87,579 Direct | +35.62% | Acquired | (price as of 2026-10-06) |
| Feb. 8, 2011 | SCI | A | 80,400 | · | · | 80,400 Direct | · | Acquired | (price as of 2026-10-06) |
| March 5, 2010 | SCI | F | 4,021 | $8.59 | $34,540 | 64,579 Direct | -5.86% | Disposed | 799.9% (price as of 2026-10-06) |
| Feb. 9, 2010 | SCI | A | 72,300 | · | · | 72,300 Direct | · | Acquired | (price as of 2026-10-06) |
Showing latest 100 of 111 transactions
P = Open-market purchase · S = Sale · A = Grant/award · M = Option exercise · G = Gift · F = Tax withholding
Insider transactions are not a recommendation; sales are often driven by liquidity or tax reasons.
Derivative holdings (Form 4 Table II) Options, RSUs and convertible securities reported on Form 4 Table II.
| Date | Ticker | Security | Underlying | Exercise price | Expiration | Shares | A/D |
|---|---|---|---|---|---|---|---|
| June 6, 2022 | SCI | Employee Stock Option (right to buy) | Common Stock | $23.00 | Feb. 10, 2023 | 85 | Acquired |
| June 3, 2022 | SCI | Employee Stock Option (right to buy) | Common Stock | $23.00 | Feb. 10, 2023 | 22,715 | Acquired |
| May 27, 2022 | SCI | Employee Stock Option (right to buy) | Common Stock | $23.00 | Feb. 10, 2023 | 22,800 | Acquired |
| May 23, 2022 | SCI | Employee Stock Option (right to buy) | Common Stock | $23.00 | Feb. 10, 2023 | 22,800 | Acquired |
| Feb. 16, 2022 | SCI | Employee Stock Option (right to buy) | Common Stock | $59.76 | Feb. 16, 2030 | 31,300 | Acquired |
| July 30, 2021 | SCI | Employee Stock Option (right to buy) | Common Stock | $17.40 | Feb. 11, 2022 | 31,000 | Acquired |
| June 8, 2021 | SCI | Employee Stock Option (right to buy) | Common Stock | $17.40 | Feb. 11, 2022 | 20,700 | Acquired |
| Feb. 17, 2021 | SCI | Employee Stock Option (right to buy) | Common Stock | $49.59 | Feb. 17, 2029 | 36,900 | Acquired |
| Nov. 17, 2020 | SCI | Employee Stock Option (right to buy) | Common Stock | $17.40 | Feb. 11, 2022 | 25,000 | Acquired |
| Feb. 20, 2020 | SCI | Employee Stock Option (right to buy) | Common Stock | $15.26 | Feb. 12, 2021 | 68,700 | Acquired |
| Feb. 19, 2020 | SCI | Employee Stock Option (right to buy) | Common Stock | $50.82 | Feb. 19, 2028 | 56,700 | Acquired |
| May 31, 2019 | SCI | Employee Stock Option (right to buy) | Common Stock | $11.18 | Feb. 7, 2020 | 71,400 | Acquired |
| Feb. 20, 2019 | SCI | Employee Stock Option (right to buy) | Common Stock | $42.63 | Feb. 20, 2027 | 46,500 | Acquired |
| Feb. 13, 2018 | SCI | Employee Stock Option (right to buy) | Common Stock | $37.53 | Feb. 13, 2026 | 56,400 | Disposed |
| Nov. 10, 2017 | SCI | Employee Stock Option (right to buy) | Common Stock | $9.09 | Feb. 8, 2019 | 80,400 | Disposed |
| Sept. 13, 2017 | SCI | Employee Stock Option (right to buy) | Common Stock | $7.62 | Feb. 9, 2018 | 72,300 | Disposed |
| Feb. 7, 2017 | SCI | Employee stock option (right to buy) | Common Stock | $29.25 | Feb. 7, 2025 | 79,000 | Acquired |
| May 11, 2016 | SCI | Employee Stock Option (right to buy) | Common Stock | $22.28 | Feb. 9, 2024 | 97,000 | Acquired |
| Aug. 19, 2015 | SCI | Employee Stock Option (right to buy) | Common Stock | $4.18 | Feb. 10, 2017 | 80,000 | Disposed |
| Aug. 19, 2015 | SCI | Employee Stock Option (right to buy) | Common Stock | $11.60 | Feb. 12, 2016 | 49,000 | Disposed |
| May 8, 2015 | SCI | Employee Stock Option (right to buy) | Common Stock | $12.67 | July 11, 2015 | 24,500 | Disposed |
| March 2, 2015 | SCI | Employee Stock Option (right to buy) | Common Stock | $12.67 | July 11, 2015 | 20,000 | Disposed |
| Feb. 10, 2015 | SCI | Employee Stock Option (right to buy) | Common Stock | $23.00 | Feb. 10, 2023 | 68,400 | Acquired |
| Nov. 28, 2014 | SCI | Employee Stock Option (right to buy) | Common Stock | $12.67 | July 11, 2015 | 14,751 | Disposed |
| Nov. 26, 2014 | SCI | Employee Stock Option (right to buy) | Common Stock | $12.67 | July 11, 2015 | 4,549 | Disposed |
| Nov. 25, 2014 | SCI | Employee Stock Option (right to buy) | Common Stock | $12.67 | July 11, 2015 | 700 | Disposed |
| Aug. 14, 2014 | SCI | Employee Stock Option (right to buy) | Common Stock | $12.67 | July 11, 2015 | 40,000 | Disposed |
| May 1, 2014 | SCI | Employee Stock Option (right to buy) | Common Stock | $12.67 | July 11, 2015 | 50,000 | Disposed |
| Feb. 11, 2014 | SCI | Employee Stock Option (right to buy) | Common Stock | $17.40 | Feb. 11, 2022 | 76,700 | Acquired |
| Feb. 12, 2013 | SCI | Employee Stock Option (right to buy) | Common Stock | $15.26 | Feb. 12, 2021 | 68,700 | Acquired |
| Sept. 6, 2012 | SCI | Employee Stock Option (right to buy) | Common Stock | $4.18 | Feb. 10, 2017 | 79,600 | Disposed |
| Feb. 7, 2012 | SCI | Employee Stock Option (right to buy) | Common Stock | $11.18 | Feb. 7, 2020 | 71,400 | Acquired |
| Feb. 8, 2011 | SCI | Employee Stock Option (right to buy) | Common Stock | $9.09 | Feb. 8, 2019 | 80,400 | Acquired |
| Feb. 9, 2010 | SCI | Employee Stock Option (right to buy) | Common Stock | $7.62 | Feb. 9, 2018 | 72,300 | Acquired |
| Feb. 10, 2009 | SCI | Employee Stock Option (right to buy) | Common Stock | $4.18 | Feb. 10, 2017 | 159,600 | Acquired |
| Feb. 12, 2008 | SCI | Employee Stock Option (right to buy) | Common Stock | $11.60 | Feb. 12, 2016 | 49,000 | Acquired |
| July 11, 2007 | SCI | Employee Stock Option (right to buy) | Common Stock | $12.67 | July 11, 2015 | 154,500 | Acquired |
| Oct. 17, 2006 | TISI | Stock Options | CS | $30.53 | Oct. 17, 2016 | 10,000 | Acquired |
| Feb. 10, 2006 | TISI | Stock Options | Common Stock | $16.86 | Jan. 28, 2015 | 5,931 | Disposed |
| Aug. 12, 2005 | TISI | Stock Options | Common Stock | $18.45 | Aug. 12, 2015 | 5,000 | Acquired |
Exercise/conversion price is blank when not applicable (e.g. RSUs).
Initial ownership (Form 3) 3 holdings
Securities held when first becoming an insider, per SEC Form 3.
Compensation (DEF 14A)
Matched by name from proxy statements (DEF 14A) — verify against the filing.
| Fiscal year | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension change | Other | Total |
|---|---|---|---|---|---|---|---|---|
| 2021 | $520,000 | · | · | · | $832,000 | · | $502,865 | $2,801,755 |
| 2020 | $497,115 | · | · | · | $553,520 | · | $351,470 | $2,574,987 |
| 2019 | $500,000 | · | · | · | $869,880 | · | $277,775 | $2,598,837 |
| Fiscal year | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension change | Other | Total |
|---|---|---|---|---|---|---|---|---|
| 2007 | $230,577 | $124,152 | · | · | · | · | $11,163 | $526,292 |
| 2006 | $216,054 | $80,000 | · | · | · | · | · | · |
Figures from the Summary Compensation Table of the company's proxy statement (DEF 14A). Compensation is not a recommendation.