Carriage Services (CSV) COO granted restricted stock and EBITDA-based performance award

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Metzger Steven D reported acquisition or exercise transactions in this Form 4 filing.

Carriage Services President & COO Steven D. Metzger reported equity awards that increase his direct holdings. He received a grant of 13,398 shares of common stock at $44.08 per share under the 2017 Omnibus Incentive Plan, bringing his direct ownership to 83,634 shares.

A separate performance-based award for 13,398 share-equivalents was also granted. The restricted stock will vest in three equal annual installments starting on February 25, 2027. The performance award will vest only if specified Adjusted Consolidated EBITDA targets are met from the grant date through February 28, 2029 and he remains continuously employed.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Metzger Steven D

Role President & COO

Type	Security	Shares	Price	Value
Grant/Award	Performance Award	13,398	$0.00	--
Grant/Award	Common Stock	13,398	$44.08	$591K

Holdings After Transaction: Performance Award — 13,398 shares (Direct); Common Stock — 83,634 shares (Direct)

Footnotes (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. 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.

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Form 4 Insider Transactions: What Each Field Means →

02/27/2026 - 06:01 PM

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Metzger Steven D

(Last)

(First)

(Middle)

3040 POST OAK BLVD.

SUITE 300

(Street)

HOUSTON

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)
	President & COO

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/25/2026		A		13,398⁽¹⁾	A	$44.08	83,634	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Performance Award	⁽²⁾	02/25/2026		A		13,398		⁽²⁾	02/28/2029	Common Stock	13,398	⁽²⁾	13,398	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/ Steven D Metzger	02/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Carriage Services (CSV) report for Steven D. Metzger?

Carriage Services reported that President & COO Steven D. Metzger received equity awards on February 25, 2026. He was granted 13,398 shares of common stock and a separate 13,398-share performance-based award under the company’s 2017 Omnibus Incentive Plan, increasing his direct ownership stake.

How many Carriage Services (CSV) shares does Steven D. Metzger own after this Form 4 filing?

After the reported grant, Steven D. Metzger directly owns 83,634 shares of Carriage Services common stock. This figure reflects the new 13,398-share restricted stock grant reported in the filing and shows his updated direct equity position with the company following the awards.

What are the vesting terms of Steven D. Metzger’s new restricted stock in Carriage Services (CSV)?

The restricted stock grant of 13,398 Carriage Services shares will vest in three equal annual installments. Vesting begins on February 25, 2027, under the Carriage Services, Inc. 2017 Omnibus Incentive Plan, rewarding ongoing service with the company over the specified three-year period.

How does the performance-based award for Carriage Services (CSV) executive Steven D. Metzger work?

Steven D. Metzger’s 13,398-share performance-based award vests only if predetermined performance metrics are achieved. These metrics are tied to Carriage Services’ Adjusted Consolidated EBITDA from the grant date through February 28, 2029, and require Compensation Committee certification and his continuous employment through that date.

What performance metric governs the new Carriage Services (CSV) performance award?

The performance-based award depends on Carriage Services achieving specific Adjusted Consolidated EBITDA targets. Performance is measured over the period starting on the February 25, 2026 grant date and ending February 28, 2029, with vesting subject to certification by the Board’s Compensation Committee.

Is Steven D. Metzger’s Carriage Services (CSV) Form 4 transaction a market purchase or an equity grant?

The reported transactions are equity grants, not open-market purchases. They consist of a restricted stock grant priced at $44.08 per share and a separate performance-based award, both issued under Carriage Services’ 2017 Omnibus Incentive Plan as compensation-related awards.