Metzger Steven D 4

What Happened

• Steven D. Metzger, President & COO of Carriage Services, Inc. (CSV), was granted two equity awards on February 25, 2026: 13,398 restricted shares with a reported grant value of $590,584, and a separate 13,398-share performance-based award (value not reported).
• Both awards were granted under the Carriage Services, Inc. 2017 Omnibus Incentive Plan. The restricted stock is an outright grant subject to time-based vesting; the second award is a derivative/performance award that will convert to shares only if pre-set EBITDA-related performance targets are met and certified.

Key Details

• Transaction date: 2026-02-25; Form 4 filed 2026-02-27.
• Award 1: 13,398 restricted shares at $44.08 per share — total reported value $590,584.
• Award 2: 13,398 performance-based award (derivative), value listed as N/A pending achievement of performance metrics.
• Vesting: Restricted shares vest in equal annual increments over three years beginning 2/25/2027. Performance award vests (if at all) based on Adjusted Consolidated EBITDA goals through 2/28/2029 and requires certification and continued employment.
• Shares owned after the grants: not disclosed in the filing.
• No late filing flag is indicated; filing date is two days after the grant date (Form 4 was submitted Feb 27 for Feb 25 transactions).

Context

• These are compensation grants (code "A" for award/grant), not open-market purchases or sales, so they reflect company compensation rather than direct insider market sentiment.
• The performance award is contingent — it may never convert to shares if performance targets aren’t met or the executive leaves before certification. The time-based restricted shares will provide guaranteed equity over the next three years if Metzger remains employed.