Franch Rob Paul 4
Research Summary
AI-generated summary
Carriage Services (CSV) CIO Rob Paul Receives Stock Awards
What Happened
Rob Paul, Chief Information Officer of Carriage Services, received equity awards on February 25, 2026 under the company's 2017 Omnibus Incentive Plan. The filing shows: a grant of 6,210 restricted shares valued at $44.08 each (total ≈ $273,737) and a second award of 6,210 performance-based shares reported as a derivative (no immediate dollar value reported). These were grants/awards (A), not open-market purchases or sales.
Key Details
- Transaction date: 2026-02-25; Form 4 filed 2026-02-27 (appears timely).
- Awards reported:
- 6,210 restricted shares @ $44.08 — value reported as $273,737 (footnote F1).
- 6,210 performance-based shares — value listed N/A; reported as a derivative/performance award (footnote F2).
- Shares owned after transaction: Not specified in this filing.
- Notable footnotes:
- F1: Restricted stock vests in equal increments each year over three years beginning 2/25/2027.
- F2: Performance-based award vests (if at all) only if preset Adjusted Consolidated EBITDA targets are met through Feb 28, 2029 and is certified by the Compensation Committee; continued employment through the vesting date is required.
- No 10b5-1 plan, tax-withholding sale, or sale transactions are noted in this filing.
Context
These awards are part of executive compensation. Restricted shares vest over time and become actual shares only as they vest; the performance award is contingent on future financial targets and may never pay out. Such awards are routine compensation disclosures and do not by themselves signal insider buying or selling intent. Monitor future Form 4s for vesting or sale activity and any certification of the performance award.