Form 4: Carriage Services Inc. Executive Steven D. Metzger Reports Stock Transactions
SEC Form 4 Filing
Steven D. Metzger, President of Carriage Services Inc., reports the withholding of shares to cover taxes associated with vesting restricted stock and provides an update on stock options.
Summary
- On February 21, 2025, Carriage Services Inc. President Steven D. Metzger had 2,813 common stock shares withheld by the issuer to cover taxes related to the vesting of restricted stock granted on February 21, 2024, at a price of $40.75 per share.
- Following this transaction, Metzger directly owns 86,060 shares of common stock.
- On February 22, 2025, an additional 1,589 common stock shares were withheld to cover taxes associated with the vesting of restricted stock granted on February 22, 2023, also at $40.75 per share, resulting in direct ownership of 84,471 shares.
- Metzger also holds stock options for 50,760 shares (granted 2/21/2024, exercisable at $24.48), 26,250 shares (granted 2/22/2023, exercisable at $32.69), 40,000 shares (granted 2/23/2022, exercisable at $49.48), and 50,000 shares (granted 2/17/2021, exercisable at $34.79).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and equity compensation, common in publicly traded companies.
Comparison to Industry Standards
- Equity compensation practices, including stock options and restricted stock units, are standard across the industry to align management's interests with those of shareholders.
- The vesting schedules and exercise prices of the stock options are typical for executive compensation packages.
- Comparable companies such as Service Corporation International (SCI) and Hillenbrand (HI) also utilize similar equity-based compensation plans.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily relate to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/17/2021 | Stock options granted pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan which will vest in equal increments each year over five years beginning 2/17/2022. |
| 02/23/2022 | Stock options granted 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 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 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 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 to cover taxes associated with the vesting of shares of restricted stock granted on February 22, 2023. |
| 02/25/2025 | Date of signature for the Form 4 filing. |
| 02/17/2031 | Expiration date for stock options granted on 2/17/2021. |
| 02/23/2032 | Expiration date for stock options granted on 2/23/2022. |
| 02/22/2033 | Expiration date for stock options granted on 2/22/2023. |
| 02/21/2034 | Expiration date for stock options granted on 2/21/2024. |
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