Form 4: Carriage Services Inc. Executive Reports Tax Withholding on Stock Vesting
SEC Form 4
Paul Donald Elliott, a Senior VP and Regional Partner at Carriage Services Inc., reports the withholding of shares to cover taxes associated with the vesting of restricted stock.
Summary
- On February 21, 2025, Paul Donald Elliott, a Senior VP and Regional Partner at Carriage Services Inc., had 1,448 shares withheld by the issuer to cover taxes related to the vesting of restricted stock at a price of $40.75.
- Following this transaction, Elliott directly owns 62,697 shares of common stock.
- On February 22, 2025, an additional 979 shares were withheld for taxes at $40.75, reducing direct ownership to 61,718 shares.
- Elliott also indirectly owns 6,029 shares jointly with his spouse.
- Elliott holds various stock options granted under the Carriage Services, Inc. 2017 Omnibus Incentive Plan and the Second Amended and Restated 2006 Long-Term Incentive Plan, with exercise prices ranging from $24.48 to $49.48 and various vesting schedules.
Sentiment
Score: 5
Explanation: This is a neutral filing related to routine stock transactions for tax purposes. It doesn't indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the equity holdings of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/21/2017 | Date of stock options granted pursuant to the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan. |
| 03/21/2018 | Vesting start date for stock options granted on 03/21/2017. |
| 02/14/2018 | Date of stock options granted pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan. |
| 02/14/2019 | Vesting start date for stock options granted on 02/14/2018. |
| 02/17/2021 | Date of stock options granted pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan. |
| 02/17/2022 | Vesting start date for stock options granted on 02/17/2021. |
| 02/23/2022 | Date of stock options granted pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan. |
| 02/22/2023 | Date of stock options granted pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan. |
| 02/23/2023 | Vesting start date for stock options granted on 02/23/2022. |
| 02/22/2024 | Vesting start date for stock options granted on 02/22/2023. |
| 02/21/2024 | Date of stock options granted pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan and date of restricted stock grant. |
| 02/21/2025 | Date of transaction where shares were withheld for taxes and vesting start date for stock options granted on 02/21/2024. |
| 02/22/2025 | Date of transaction where shares were withheld for taxes. |
| 02/25/2025 | Date of signature for the Form 4 filing. |
| 03/21/2027 | Expiration date for stock options granted on 03/21/2017. |
| 02/14/2028 | Expiration date for stock options granted on 02/14/2018. |
| 02/17/2031 | Expiration date for stock options granted on 02/17/2021. |
| 02/23/2032 | Expiration date for stock options granted on 02/23/2022. |
| 02/22/2033 | Expiration date for stock options granted on 02/22/2023. |
| 02/21/2034 | Expiration date for stock options granted on 02/21/2024. |
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