Form 4: Carriage Services Inc. Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Lance Kian Granmayeh, EVP, CFO, and Treasurer of Carriage Services Inc., sold 1,718 shares of common stock on March 13, 2024, to cover taxes associated with the vesting of restricted stock.
Summary
- On March 13, 2024, Lance Kian Granmayeh, the EVP, CFO, and Treasurer of Carriage Services Inc. (CSV), sold 1,718 shares of the company's common stock.
- The shares were sold at a price of $26.14 per share.
- This transaction was to cover taxes associated with the vesting of restricted stock granted on March 13, 2023.
- Following the transaction, Granmayeh directly owns 31,162 shares of Carriage Services Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction to cover tax obligations, not indicative of positive or negative sentiment towards the company's future.
Industry Context
This is a routine transaction where an executive sells shares to cover tax obligations arising from the vesting of restricted stock. It's a common practice and doesn't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/13/2023 | Date of restricted stock grant. |
| 03/13/2024 | Date of stock sale to cover taxes associated with vesting of restricted stock. |
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