Form 4: Carriage Services Inc. Executive Phillips Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Shawn R. Phillips, a Senior VP & Regional Partner at Carriage Services Inc., disposed of shares to cover tax obligations related to vesting restricted stock.
Summary
- On February 21, 2025, Shawn R. Phillips disposed of 1,558 shares of Carriage Services Inc. common stock at a price of $40.75 to cover taxes associated with vesting restricted stock granted on February 21, 2024.
- Following this transaction, Phillips directly owns 114,897 shares of common stock.
- On February 22, 2025, Phillips disposed of 1,054 shares of Carriage Services Inc. common stock at a price of $40.75 to cover taxes associated with the vesting of shares of restricted stock granted on February 22, 2023.
- Following this transaction, Phillips directly owns 113,843 shares of common stock.
- Phillips also holds various stock options with different exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve a small number of shares being disposed of by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/21/2017 | Stock Options granted on 3/21/2017 pursuant to the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan which vested in equal increments each each over five years beginning 3/21/2018. |
| 02/14/2018 | Stock Options granted on 2/14/2018 pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan which will vest in equal increments each year over five years beginning on 2/14/2019. |
| 02/17/2021 | Stock Options granted on 2/17/2021 pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan which will vest in equal increments each year over five years beginning on 2/14/2022. |
| 02/23/2022 | Stock Options granted on 2/23/2022 pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan which will vest in equal increments each year over seven years beginning 2/23/2023. |
| 02/22/2023 | Stock Options granted on 2/22/2023 pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan which will vest in equal increments each year over three years beginning 2/22/2024. |
| 02/21/2024 | Stock Options granted on 2/21/2024 pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan which will vest in equal increments each year over three years beginning 2/21/2025. |
| 02/21/2025 | Shares withheld by the Issuer on February 21, 2025 to cover taxes associated with the vesting of shares of restricted stock granted on February 21, 2024. |
| 02/22/2025 | Shares withheld by the Issuer on February 22, 2025 to cover taxes associated with the vesting of shares of restricted stock granted on February 22, 2023. |
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