Carriage Services (NYSE: CSV) CAO awarded restricted and performance shares

Q: How do Kathryn Shanley’s restricted stock awards at CSV vest?

The 6,006 restricted shares granted to Kathryn Shanley vest in equal annual increments over three years . Vesting begins on February 25, 2027 , aligning her long-term incentives with Carriage Services Inc.’s ongoing performance and her continued service.

Q: What performance conditions apply to CSV’s 6,006-share performance award?

The 6,006-share performance award vests only if certain pre-determined Adjusted Consolidated EBITDA metrics are achieved from the grant date through February 28, 2029 . Vesting also requires certification by the Compensation Committee and Shanley’s continuous employment.

Q: Is Kathryn Shanley’s Form 4 transaction a stock purchase or a grant?

The Form 4 for CSV shows grant or award acquisitions , not open-market stock purchases. Both the restricted stock and the performance award were issued under the 2017 Omnibus Incentive Plan as part of equity compensation, at no cash cost to Shanley.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Shanley Kathryn reported acquisition or exercise transactions in this Form 4 filing.

Carriage Services Inc. reported that Chief Accounting Officer Kathryn Shanley received equity-based compensation on February 25, 2026. She was granted 6,006 shares of restricted stock under the 2017 Omnibus Incentive Plan, which will vest in equal annual installments over three years beginning February 25, 2027. She also received a performance-based award for 6,006 shares, which will vest only if pre-determined Adjusted Consolidated EBITDA performance metrics are achieved from the grant date through February 28, 2029 and certified by the Compensation Committee, contingent on her continued employment.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Shanley Kathryn

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Performance Award	6,006	$0.00	--
Grant/Award	Common Stock	6,006	$44.08	$265K

Holdings After Transaction: Performance Award — 6,006 shares (Direct); Common Stock — 11,616 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 - 06:03 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^*

Shanley Kathryn

(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)
	Chief Accounting 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)
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		6,006⁽¹⁾	A	$44.08	11,616	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		6,006		⁽²⁾	02/28/2029	Common Stock	6,006	⁽²⁾	6,006	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/ Kathryn Shanley	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 CSV report for Kathryn Shanley?

Carriage Services Inc. reported that Chief Accounting Officer Kathryn Shanley received equity awards on February 25, 2026. She was granted 6,006 restricted shares and a 6,006-share performance-based award under the company’s 2017 Omnibus Incentive Plan.

How do Kathryn Shanley’s restricted stock awards at CSV vest?

The 6,006 restricted shares granted to Kathryn Shanley vest in equal annual increments over three years. Vesting begins on February 25, 2027, aligning her long-term incentives with Carriage Services Inc.’s ongoing performance and her continued service.

Is Kathryn Shanley’s Form 4 transaction a stock purchase or a grant?

The Form 4 for CSV shows grant or award acquisitions, not open-market stock purchases. Both the restricted stock and the performance award were issued under the 2017 Omnibus Incentive Plan as part of equity compensation, at no cash cost to Shanley.

How many CSV shares does Kathryn Shanley own after these grants?

After the February 25, 2026 non-derivative grant, Kathryn Shanley directly holds 11,616 shares of common stock. This total reflects the new 6,006-share restricted stock grant added to her prior holdings, as reported in the Form 4 filing.