Form 4: Carriage Services Inc. Executive Rob Paul Franch Reports Stock Transactions
SEC Form 4
Chief Information Officer Rob Paul Franch reports disposition of Carriage Services Inc. shares to cover tax obligations related to vesting restricted stock and stock options.
Summary
- On February 21, 2025, Rob Paul Franch, Chief Information Officer of Carriage Services Inc., disposed of 1,404 shares of common stock at a price of $40.75 to cover taxes associated with the vesting of restricted stock granted on February 21, 2024.
- On February 22, 2025, Franch disposed of 952 shares of common stock at a price of $40.75 to cover taxes associated with the vesting of restricted stock granted on February 22, 2023.
- Following these transactions, Franch directly owns 21,373 shares of Carriage Services Inc. common stock.
- Franch also holds 25,380 stock options with an exercise price of $24.48, granted on February 21, 2024, vesting in equal increments over three years starting February 21, 2025.
- Additionally, Franch holds 15,750 stock options with an exercise price of $32.69, granted on February 22, 2023, vesting in equal increments over three years starting February 22, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions related to executive compensation. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and does not indicate any specific trend within the funeral services industry.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations from vesting stock.
Key Dates
| Date | Description |
|---|---|
| 02/22/2023 | Stock options granted to Rob Paul Franch. |
| 02/21/2024 | Restricted stock and stock options granted to Rob Paul Franch. |
| 02/22/2024 | Vesting start date for stock options granted on 02/22/2023. |
| 02/21/2025 | Disposition of shares to cover taxes on vesting restricted stock; vesting start date for stock options granted on 02/21/2024. |
| 02/22/2025 | Disposition of shares to cover taxes on vesting restricted stock. |
| 02/21/2033 | Expiration date for stock options granted on 02/22/2023. |
| 02/21/2034 | Expiration date for stock options granted on 02/21/2024. |
| 02/25/2025 | Date of signature for the Form 4 filing. |
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