Shanley Kathryn 4

What Happened
Kathryn Shanley, Chief Accounting Officer of Carriage Services, received two equity awards on February 25, 2026: a grant of 6,006 restricted common shares priced at $44.08 per share (aggregate value $264,744) and a separate 6,006-share performance-based award reported as a derivative (no per-share price listed). These were reported on a Form 4 filed February 27, 2026.

Key Details

• Transaction date: February 25, 2026; Form 4 filed February 27, 2026 (timely filing within the usual 2-business-day window).
• Award types/codes: A = Award/Grant; one restricted stock grant and one performance-based award (derivative).
• Economic terms shown: 6,006 restricted shares @ $44.08 ($264,744); 6,006 performance shares reported as N/A (payable in shares if earned).
• Shares owned after transaction: not disclosed in the provided filing.
• Footnotes:
  • F1 — Restricted stock vests in equal increments each year over three years beginning 2/25/2027.
  • F2 — Performance award vests (if at all) based on pre-set Adjusted Consolidated EBITDA targets for the period through 2/28/2029, requires Compensation Committee certification and continued employment through the vesting date.

Context
These transactions are compensation grants, not open-market purchases or sales. The restricted shares will vest over time (starting one year after grant) and the performance award is contingent on future EBITDA targets and employment, so the performance award may never convert into shares unless conditions are met. Such grants are common for executive compensation and do not by themselves indicate a buying or selling signal.