Franch Rob Paul 4
Research Summary
AI-generated summary
Carriage Services (CSV) CIO Rob Paul Withholds 671 Shares for Taxes
What Happened
Rob Paul, Chief Information Officer of Carriage Services (CSV), had 671 shares withheld by the company on February 19, 2026 to cover applicable withholding taxes related to vested restricted stock. The shares were valued at $44.22 each, for a total value of approximately $29,672. This was a tax-withholding disposition, not an open-market sale.
Key Details
- Transaction date: February 19, 2026; Filing date (Form 4): February 23, 2026 (timely).
- Price reported: $44.22 per share; Shares withheld/disposed: 671; Total value ≈ $29,672.
- Shares owned after the transaction: not specified in the provided filing.
- Footnote: Shares were withheld by the issuer to cover withholding taxes for restricted stock that vested (restricted stock grant dated February 19, 2025).
- Transaction type: tax withholding (SEC code F) — not a market sale or purchase.
Context
Withholding shares to cover taxes is a routine administrative action when restricted stock vests and does not necessarily signal a change in the insider's view of the company. It reduces reported share ownership but is distinct from an intentional sale or purchase.