Carriage Services (CSV) VP of Sales receives stock and performance awards

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Pudenz Shane reported acquisition or exercise transactions in this Form 4 filing.

Carriage Services reported that Vice President of Sales Shane Pudenz received equity-based compensation awards. He was granted 6,210 shares of common stock at $44.08 per share as a restricted stock grant under the 2017 Omnibus Incentive Plan, which will vest in three equal annual installments beginning on February 25, 2027. He also received a 6,210-share performance-based award, payable in stock, that will vest only if predetermined Adjusted Consolidated EBITDA targets are achieved between the grant date and February 28, 2029 and certified by the Compensation Committee, with vesting also conditioned on his continued employment.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Pudenz Shane

Role Insider

Type	Security	Shares	Price	Value
Grant/Award	Performance Award	6,210	$0.00	--
Grant/Award	Common Stock	6,210	$44.08	$274K

Holdings After Transaction: Performance Award — 6,210 shares (Direct); Common Stock — 19,223 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 - 06:02 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^*

Pudenz Shane

(Last)

(First)

(Middle)

3040 POST OAK BLVD.

CARRIAGE SERVICES, SUITE 200

(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
Officer (give title below)	X	Other (specify below)
		Vice President of Sales

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		6,210⁽¹⁾	A	$44.08	19,223	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		6,210		⁽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/ Shane Pudenz	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 Vice President of Sales Shane Pudenz report?

Shane Pudenz reported receiving equity awards from Carriage Services. He was granted 6,210 restricted shares of common stock and a 6,210-share performance-based award, both under the 2017 Omnibus Incentive Plan, as part of his compensation package.

How many Carriage Services (CSV) shares were granted to Shane Pudenz?

Shane Pudenz was granted 6,210 shares of common stock and a separate 6,210-share performance-based award. The common stock grant vests over three years, while the performance award depends on financial performance and continued employment through February 28, 2029.

At what price were Shane Pudenz’s Carriage Services restricted shares valued?

The 6,210 restricted common shares granted to Shane Pudenz were reported at $44.08 per share. This award was issued under the 2017 Omnibus Incentive Plan and will vest in three equal annual installments starting on February 25, 2027.

When do Shane Pudenz’s restricted Carriage Services (CSV) shares vest?

The restricted stock grant to Shane Pudenz vests in equal increments over three years. Vesting begins on February 25, 2027, with one-third of the 6,210-share grant vesting each year, subject to the terms of the 2017 Omnibus Incentive Plan.

What conditions apply to Shane Pudenz’s performance-based Carriage Services award?

The performance-based award vests only if Adjusted Consolidated EBITDA goals are met. Performance is measured from the February 25, 2026 grant date through February 28, 2029, and must be certified by the Compensation Committee, with vesting also requiring continuous employment.

How is Adjusted Consolidated EBITDA used in Shane Pudenz’s CSV performance award?

Adjusted Consolidated EBITDA determines whether Shane Pudenz’s 6,210-share performance award will vest. Predetermined metrics must be achieved over the period from grant through February 28, 2029 and certified by the Compensation Committee under the 2017 Omnibus Incentive Plan.