Companies Carriage Services Inc
Carriage Services (CSV): executive pay, fiscal 2025
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CEO pay, last three years
- $2,812,587FY2023
- $4,294,842FY2024
- $3,859,198FY2025
CEO total pay was $3,859,198 in fiscal 2025, down from $4,294,842 in fiscal 2024.
FY2025: salary $850,000 · bonus $0 · stock awards $1,599,986 · option awards $0
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Carlos Quezada | $850,000 | $0 | $1,599,986 | $0 | $1,318,929 | $0 | $90,283 | $3,859,198 |
| CEO & Vice Chair of the Board (Principal Executive Officer) | ||||||||
| Steven Metzger | 625,000 | 0 | 1,050,000 | 0 | 950,123 | 0 | 63,849 | 2,688,972 |
| President & Chief Operating Officer | ||||||||
| John Enwright | 425,000 | 0 | 637,489 | 0 | 420,188 | 0 | 20,289 | 1,502,966 |
| Senior Vice President, Chief Financial Officer & Treasurer (Principal Financial Officer) | ||||||||
| Rob Franch | 365,000 | 0 | 547,506 | 0 | 268,981 | 0 | 21,600 | 1,203,087 |
| Chief Information Officer | ||||||||
| Kathryn Shanley | 340,000 | 0 | 487,488 | 0 | 247,061 | 0 | 16,586 | 1,091,135 |
| Chief Accounting Officer (Interim Principal Financial Officer and Principal Accounting Officer) | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Carlos Quezada | $3,859,198 | $4,294,842 | $2,812,587 | ↓ −435,644 |
| Steven Metzger | 2,688,972 | 3,088,999 | 2,209,603 | ↓ −400,027 |
| John Enwright | 1,502,966 | — | — | — |
| Rob Franch | 1,203,087 | 1,286,404 | 967,128 | ↓ −83,317 |
| Kathryn Shanley | 1,091,135 | 533,375 | — | ↑ +557,760 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
Carriage's executive compensation programs align executive pay with the Company's operational and financial performance and support short-term and long-term business objectives. The philosophy focuses on attracting, motivating, and retaining exceptional leadership talent, providing transparency between pay and individual/team contribution, and aligning executive interests with those of shareholders.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Pearl Meyer |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | false |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| John Enwright | PSU | — | — | 8,260 | — | 16,520 | $318,753 |
| Kathryn Shanley | PSU | — | — | 6,317 | — | 12,634 | 243,773 |
| John Enwright | RSU | — | — | — | 7,673 | — | 318,736 |
| Rob Franch | PSU | — | — | 7,094 | — | 14,188 | 273,757 |
| Carlos Quezada | RSU | — | — | — | 19,258 | — | 799,977 |
| Rob Franch | RSU | — | — | — | 6,590 | — | 273,749 |
| Steven Metzger | RSU | — | — | — | 12,638 | — | 524,983 |
| Steven Metzger | PSU | — | — | 13,605 | — | 27,210 | 525,017 |
| Kathryn Shanley | RSU | — | — | — | 5,867 | — | 243,715 |
| Carlos Quezada | PSU | — | — | 20,731 | — | 41,462 | 800,009 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| John Enwright | $318,736 | $318,753 | $0 | 50.0% |
| Kathryn Shanley | 243,715 | 243,773 | 0 | 50.0% |
| Rob Franch | 273,749 | 273,757 | 0 | 50.0% |
| Carlos Quezada | 799,977 | 800,009 | 0 | 50.0% |
| Steven Metzger | 524,983 | 525,017 | 0 | 50.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Rob Franch | Option | 5,250 | 32.69 | — |
| Kathryn Shanley | RSU | 5,867 | — | 248,174 |
| Kathryn Shanley | PSU | 6,317 | — | 267,209 |
| Rob Franch | PSU | 7,094 | — | 300,076 |
| John Enwright | RSU | 7,673 | — | 324,568 |
| John Enwright | PSU | 8,260 | — | 349,398 |
| Steven Metzger | Option | 8,750 | 32.69 | — |
| Carlos Quezada | Option | 10,000 | 34.79 | — |
| Steven Metzger | Option | 10,000 | 34.79 | — |
| Carlos Quezada | Option | 10,500 | 32.69 | — |
| Steven Metzger | PSU | 13,605 | — | 575,492 |
| Rob Franch | RSU | 16,150 | — | 683,145 |
| Rob Franch | Option | 16,920 | 24.48 | — |
| Carlos Quezada | PSU | 20,731 | — | 876,921 |
| Steven Metzger | Option | 22,856 | 49.48 | — |
| Carlos Quezada | Option | 28,572 | 49.48 | — |
| Steven Metzger | RSU | 30,978 | — | 1,310,369 |
| Steven Metzger | Option | 33,840 | 24.48 | — |
| Carlos Quezada | RSU | 45,888 | — | 1,941,062 |
| Carlos Quezada | Option | 51,580 | 24.48 | — |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Donald D. Patteson JrIndependent · Board Chair · Compensation · Audit · Corporate Governance | $185,000 | $0 | — | — | — | $185,000 |
| Julie SandersIndependent · Compensation · Audit · Corporate Governance (Chair) | 127,214 | 47,786 | — | — | — | 175,000 |
| Chad FargasonIndependent · Compensation · Audit · Corporate Governance | 168,000 | 0 | — | — | — | 168,000 |
| Dr. Edmondo RobinsonIndependent · Compensation · Audit (Chair) · Corporate Governance | 67,032 | 99,968 | — | — | — | 167,000 |
| Somer WebbIndependent · Compensation (Chair) · Audit · Corporate Governance | 66,155 | 98,845 | — | — | — | 165,000 |
| Douglas B. MeehanIndependent · Compensation · Audit · Corporate Governance | 150,000 | 0 | — | — | — | 150,000 |
Board fee structure and ownership guideline
| Annual cash retainer | $150,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 15,000 / 10,000 |
| Stock ownership guideline | the effective date of the Share Ownership Guidelines or three (3) years after joining the Board. As of the date of this Proxy Statement, each of our independent directors have satisfied the minimum share ownership requirements pursuant to our Share Ownership Guidelines. |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $763,401 |
| Equity awards (grant-date value) | $246,599 |
| All other compensation | $0 |
| Total cost of the board | $1,010,000 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Carriage Services as a peer
Companies that benchmark against CSV
1 company names CSV as a compensation peer
Each company listed discloses CSV in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named CSV in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Disclosed peer group — fiscal year 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Peer reciprocity
Of the companies Carriage Services Inc names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
Reciprocity shown where the peer’s own current proxy has been read — each mark is cited in the register to that peer’s filing. A dash means the peer’s current proxy was read and names no reciprocal group including Carriage Services Inc.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Matthews | 2025 | Joseph Bartolacci | $1,108,760 | $3,726,575 | $0 | $762,305 | $5,701,016 |
| 2 | Carriage Services Inc | 2025 | Carlos Quezada | 850,000 | 1,599,986 | 0 | 1,318,929 | 3,859,198 |
| 3 | SCI | 2026 | James Reagan | 381,904 | 2,170,111 | 0 | 400,200 | 2,953,483 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Carriage Services Inc | not disclosed | RSU 50 · PSU 50 | not disclosed | Pearl Meyer |
| Matthews | 68% | PSU 60 · RSU 40 | No | Pay Governance, LLC |
| SCI | not disclosed | not disclosed | No | Frederic W. Cook & Co., Inc. |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-12 | 11,879,875 | 104,954 | 10,849 | 99.03% | Passed |
| 2025 | 2025-05-13 | 10,506,939 | 544,899 | 20,334 | 95.07% | Passed |
| 2024 | 2024-05-14 | 8,227,375 | 1,830,403 | 53,747 | 81.8% | Passed |
| 2023 | 2023-05-16 | 5,251,471 | 5,252,926 | 11,390 | 49.99% | Failed |
| 2022 | 2022-05-17 | 7,470,317 | 3,504,446 | 63,218 | 68.07% | Passed |
| 2021 | 2021-05-18 | 12,359,064 | 1,128,656 | 81,587 | 91.08% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-05-12 | 99.03%a |
| 2025 | 2025-05-13 | 95.07%b |
| 2024 | 2024-05-14 | 81.8%c |
a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have the same effect as a vote "Against" this proposal.”.
b. Approved under the standard stated in the filing — “In accordance with applicable Delaware law, abstentions will have no effect "for" or "against" this proposal.”.
c. Approved under the standard stated in the filing — “In accordance with applicable Delaware law, abstentions will have no effect "for" or "against" this proposal.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 143 : 1 |
|---|---|
| CEO total compensation | $3,859,198 |
| Median employee compensation | $26,996 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (33 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Carlos Quezada. DEF 14A, filed 2026-03-27. Section “Summary Compensation Table” · page 42. As printed: 3,859,198. View filing ↗
- Section 01, Steven Metzger. DEF 14A, filed 2026-03-27. Section “Summary Compensation Table”. As printed: 2,688,972. View filing ↗
- Section 01, John Enwright. DEF 14A, filed 2026-03-27. Section “Summary Compensation Table”. As printed: 1,502,966. View filing ↗
- Section 01, Rob Franch. DEF 14A, filed 2026-03-27. Section “Summary Compensation Table”. As printed: 1,203,087. View filing ↗
- Section 01, Kathryn Shanley. DEF 14A, filed 2026-03-27. Section “Summary Compensation Table”. As printed: 1,091,135. View filing ↗
- Section 03, John Enwright PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Kathryn Shanley PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, John Enwright RSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Rob Franch PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Carlos Quezada RSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Rob Franch RSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Steven Metzger RSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Steven Metzger PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Kathryn Shanley RSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Carlos Quezada PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-03-27. Section “CEO Pay Ratio”. As printed: 143 : 1. View filing ↗
- Section 08, Donald D. Patteson Jr. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 185,000. View filing ↗
- Section 08, Julie Sanders. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 175,000. View filing ↗
- Section 08, Chad Fargason. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 168,000. View filing ↗
- Section 08, Dr. Edmondo Robinson. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 167,000. View filing ↗
- Section 08, Somer Webb. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 165,000. View filing ↗
- Section 08, Douglas B. Meehan. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 150,000. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-05-14. Item 5.07 · say-on-pay result. As reported: 99.03% (votes for as printed: 11,879,875). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-14. Item 5.07 · say-on-pay result. As reported: 95.07% (votes for as printed: 10,506,939). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-15. Item 5.07 · say-on-pay result. As reported: 81.8% (votes for as printed: 8,227,375.38). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 763,401 + equity 246,599 + all other 0 = 1,010,000, summed across the director compensation table rows.
- Matthews, Section 10b CEO total. DEF 14A, filed 2026-01-20. CEO total compensation as printed in Matthews's own proxy. As printed: 5,701,016. View filing ↗
- Carriage Services Inc (subject), Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Carriage Services Inc's own proxy. As printed: 3,859,198. View filing ↗
- SCI, Section 10b CEO total. DEF 14A, filed 2026-04-22. CEO total compensation as printed in SCI's own proxy. As printed: 2,953,483. View filing ↗
- Section 10a, SCI reciprocity. DEF 14A. SCI's most recent proxy was read; its disclosed peer group does not include Carriage Services Inc. View filing ↗
- Section 10a, Matthews reciprocity. DEF 14A. Matthews's most recent proxy was read; its disclosed peer group does not include Carriage Services Inc. View filing ↗