Carriage Services (NYSE: CSV) CIO receives stock and performance-based award

Rhea-AI Filing Summary

Franch Rob Paul reported acquisition or exercise transactions in this Form 4 filing.

Carriage Services Inc. Chief Information Officer Rob Paul Franch reported awards of company equity on February 25, 2026. He received a grant of 6,210 shares of common stock at a stated price of $44.08 per share under the 2017 Omnibus Incentive Plan, which will vest in equal annual installments over three years beginning February 25, 2027. He was also granted a performance-based award of 6,210 units, payable in shares, that will vest only if pre-determined Adjusted Consolidated EBITDA performance goals are achieved between the grant date and February 28, 2029 and certified by the Compensation Committee, with continued employment required through that date.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Franch Rob Paul

(Last) (First) (Middle)

3040 POST OAK BLVD.

SUITE 300

(Street)

HOUSTON TX 77056

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CARRIAGE SERVICES INC [ CSV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Information Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/25/2026		A		6,210(1)	A	$44.08	25,454	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Award	(2)	02/25/2026		A		6,210		(2)	02/28/2029	Common Stock	6,210	(2)	6,210	D

Explanation of Responses:

1. Restricted Stock grant pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan which will vest in equal increments each year over three years beginning 2/25/2027.

2. Represents a performance-based award, payable in shares, granted on February 25, 2026 under the Carriage Services, Inc. 2017 Omnibus Incentive Plan (the "Plan"). The award will vest (if at all) provided that certain pre-determined performance metrics related to the Issuer's Adjusted Consolidated EBITDA (Adjusted Earnings Before Interest Tax Depreciation and Amortization) are achieved during the period commencing on the grant date through February 28, 2029, and certified by the Issuer's Compensation Committee of the Board of Directors, subject to terms of the Plan, such award, and the Reporting Person remaining continuously employed by the Issuer through such date.

Remarks:

	/s/ Rob Paul Franch	02/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did CSV’s CIO acquire in the latest Form 4 filing?

CSV’s CIO received equity awards, not an open-market purchase. He was granted 6,210 shares of common stock and a separate 6,210-unit performance-based award, both under the 2017 Omnibus Incentive Plan, subject to multi-year vesting and performance conditions.

How will Rob Paul Franch’s 6,210 CSV restricted shares vest?

The 6,210 restricted CSV shares vest over three years. The grant will vest in equal annual increments starting on February 25, 2027, under Carriage Services’ 2017 Omnibus Incentive Plan, as long as the executive continues to meet the plan’s service conditions.

What are the terms of the 6,210-unit performance award reported for CSV’s CIO?

The 6,210-unit performance award is payable in shares if targets are met. Vesting depends on pre-determined Adjusted Consolidated EBITDA performance from the grant date through February 28, 2029, and certification by the Compensation Committee, plus continuous employment through that date.

Was the CSV Form 4 transaction a stock purchase or an award grant?

The Form 4 reflects equity grants, not a cash stock purchase. Both the common stock and performance-based units were reported with transaction code “A” for grant or award acquisition, under the company’s 2017 Omnibus Incentive Plan.

What ownership does CSV’s CIO report after the common stock grant?

After the common stock grant, direct ownership rose to 25,454 shares. The Form 4 shows total directly held common shares following the award transaction, reflecting the addition of 6,210 granted shares to his existing holdings.

What performance metric drives the CSV performance-based award vesting?

Vesting depends on Adjusted Consolidated EBITDA performance. The award will vest only if certain pre-determined Adjusted Consolidated EBITDA targets are achieved during the period ending February 28, 2029, and then certified by Carriage Services’ Compensation Committee.