Form 4: Carriage Services Inc. Executive Exercises Stock Options and Sells Shares
SEC Form 4 Filing
A Carriage Services Inc. executive, Shawn R. Phillips, exercised stock options and sold shares on November 21, 2024, resulting in changes to his beneficial ownership.
Summary
- Shawn R. Phillips, a Senior Vice President and Regional Partner at Carriage Services Inc., executed several transactions involving the company's stock on November 21, 2024.
- Phillips exercised stock options at prices of $20.06, $26.54, and $25.43, acquiring 2,680, 10,000, and 13,288 shares respectively.
- He also sold 5,028 shares at a weighted average price of $38.96, with individual transactions ranging from $38.91 to $39.01 per share.
- Additionally, 20,782 shares were withheld to cover the option price and taxes associated with the exercised options.
- Following these transactions, Phillips' direct ownership of Carriage Services Inc. common stock stands at 83,083 shares.
Sentiment
Score: 5
Explanation: The document is a neutral report of insider transactions, with no inherent positive or negative sentiment. It is a routine filing.
Industry Context
This filing is a routine disclosure of insider transactions, which is common in publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- Executive stock option exercises and share sales are a common practice in publicly traded companies, such as Carriage Services Inc.
- Similar filings are regularly made by executives at companies like Service Corporation International (SCI) and StoneMor Inc. (STON), which are also in the death care industry.
- The vesting schedules and option prices are typical for executive compensation packages in the industry.
Stakeholder Impact
- The transactions may have a minor impact on the stock price, but are unlikely to significantly affect shareholders.
- The exercise of stock options and subsequent sale of shares by an executive is a normal part of executive compensation and does not indicate any change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 02/23/2016 | Stock options granted, vesting over five years, expiring 02/23/2026. |
| 03/21/2017 | Stock options granted, vesting over five years, expiring 03/21/2027. |
| 02/14/2018 | Stock options granted, vesting over five years, expiring 02/14/2028. |
| 05/19/2020 | Grant date for performance awards, vesting on 12/31/2024. |
| 02/17/2021 | Stock options granted, vesting over five years, expiring 02/17/2031. |
| 02/23/2022 | Stock options granted, vesting over seven years, expiring 02/23/2032. |
| 02/22/2023 | Stock options granted, vesting over three years, expiring 02/22/2033. |
| 02/21/2024 | Stock options granted, vesting over three years, expiring 02/21/2034. |
| 11/21/2024 | Date of stock option exercises and share sales. |
| 11/25/2024 | Date of signature on the SEC Form 4 filing. |
| 12/31/2024 | Vesting date for performance awards. |
Keywords
stock options, insider trading, share sale, beneficial ownership, Carriage Services Inc., CSV, executive compensation
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