Form 4: Carriage Services CEO Sells Shares for Tax Withholding

Carriage Services CEO Carlos R. Quezada reported the disposition of shares to cover tax obligations related to restricted stock vesting.

Summary

• Carlos R. Quezada, CEO and Director of Carriage Services Inc. (CSV), reported two transactions involving the disposition of common stock.
• On February 21, 2026, 2,651 shares were withheld by the Issuer at a price of $44.86 per share to cover withholding taxes for restricted stock granted on February 21, 2024.
• On February 22, 2026, an additional 1,180 shares were withheld by the Issuer at a price of $44.86 per share for withholding taxes related to restricted stock granted on February 22, 2023.
• Following these transactions, Quezada directly beneficially owns 88,693 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. While it represents a reduction in direct share ownership, it is a standard, expected transaction for tax purposes related to equity compensation vesting.

Positives

• The transactions are routine and expected for tax purposes upon the vesting of restricted stock, indicating the successful vesting of previously granted equity awards.

Negatives

• A reduction in the CEO's direct beneficial ownership of common stock by a total of 3,831 shares (2,651 + 1,180) due to tax withholding.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that these types of transactions are standard practice for executives receiving equity compensation, where a portion of vested shares is sold or withheld to cover tax liabilities. This is a routine event and does not typically reflect a change in the executive's long-term view of the company or its prospects, nor does it indicate broader industry trends.

Stakeholder Impact

• Shareholders: A minor reduction in the CEO's direct ownership, but this is a routine tax-related event and not indicative of a change in confidence.
• Employees: No direct impact on employees, as this relates to executive equity compensation.

Key Dates

Recommendation

This Form 4 filing details routine tax-related share dispositions by the CEO upon restricted stock vesting. Such transactions are common and expected, providing no new fundamental information to warrant a change in investment recommendation. The core business operations and outlook remain unaffected by this administrative event, thus a 'hold' recommendation is appropriate for existing investors.

Keywords

Carriage Services, CSV, Carlos R. Quezada, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock, Equity Compensation