Form 4: Carriage Services CIO Sells Shares for Tax Obligations

Carriage Services CIO Rob Paul Franch disposed of common stock to cover tax withholding related to restricted stock vesting.

Summary

• Rob Paul Franch, Chief Information Officer of Carriage Services Inc. (CSV), reported two transactions involving the disposition of common stock.
• On February 21, 2026, 869 shares of common stock were disposed of at a price of $44.86 per share.
• This disposition was to cover applicable withholding taxes related to the vesting of restricted stock granted on February 21, 2024.
• On February 22, 2026, an additional 589 shares of common stock were disposed of at a price of $44.86 per share.
• This second disposition also covered applicable withholding taxes related to the vesting of restricted stock granted on February 22, 2023.
• Following these transactions, Rob Paul Franch beneficially owns 19,244 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. The transactions are non-discretionary sales for tax purposes related to equity compensation vesting and do not indicate a change in the executive's or company's financial health or outlook.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

StockSavvy.ai notes that these transactions are routine for executives receiving equity compensation. The disposition of shares to cover tax withholding upon the vesting of restricted stock is a common, non-discretionary event and typically does not reflect a change in management's sentiment towards the company's prospects.

Stakeholder Impact

• Shareholders: Minimal impact, as these are routine, non-discretionary transactions for tax purposes and do not signal a change in company fundamentals or executive confidence.

Key Dates

Recommendation

The transactions reported are routine, non-discretionary sales of common stock by an executive to cover tax obligations upon the vesting of restricted stock. This type of insider activity does not typically provide new information that would warrant a change in investment thesis, thus a 'hold' recommendation is appropriate as it does not reflect a discretionary decision by management regarding the company's future prospects.

Keywords

Carriage Services, CSV, Form 4, Insider Transaction, Restricted Stock, Tax Withholding, Equity Compensation, Rob Paul Franch