Form 4: Carriage Services CEO Carlos Quezada Reports Changes in Beneficial Ownership
SEC Filing
CEO Carlos Quezada reports the withholding of shares by Carriage Services to cover taxes associated with vesting restricted stock and provides an update on stock options.
Summary
- Carlos Quezada, CEO of Carriage Services Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- The report indicates that shares were withheld by the issuer to cover taxes associated with the vesting of restricted stock on February 21, 2025, and February 22, 2025.
- Specifically, 4,285 shares were withheld on February 21, 2025, at a price of $40.75 per share, and 1,908 shares were withheld on February 22, 2025, also at $40.75 per share.
- Following these transactions, Quezada directly owns 112,776 and 110,868 shares of common stock respectively.
- The filing also provides information on various stock options granted to Quezada under the Carriage Services, Inc. 2017 Omnibus Incentive Plan, with different vesting schedules and exercise prices.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their ownership, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 06/25/2020 | Stock Options granted pursuant to the Carriage Services, Inc. 2017 Omnibus Plan. |
| 02/17/2021 | Stock Options granted pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan. |
| 02/23/2022 | Stock Options granted pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan. |
| 02/22/2023 | Stock Options granted pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan. |
| 02/21/2024 | Stock Options granted pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan; shares of restricted stock granted. |
| 02/21/2025 | Shares withheld by the Issuer to cover taxes associated with the vesting of shares of restricted stock; Stock Options vest. |
| 02/22/2025 | Shares withheld by the Issuer to cover taxes associated with the vesting of shares of restricted stock. |
| 02/25/2025 | Date of report. |
| 02/17/2031 | Expiration date of Stock Options. |
| 02/23/2032 | Expiration date of Stock Options. |
| 02/22/2033 | Expiration date of Stock Options. |
| 02/21/2034 | Expiration date of Stock Options. |
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