Shawn R. Phillips - Jun 23, 2021 Form 4 Insider Report for CARRIAGE SERVICES INC (CSV)

Role
Senior Vice President
Signature
/s/ Shawn R. Phillips
Stock symbol
CSV
Transactions as of
Jun 23, 2021
Transactions value $
-$1,174,583
Form type
4
Date filed
6/24/2021, 04:34 PM
Next filing
Jun 30, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSV Common Stock Options Exercise $135K +22.7K +28.85% $5.94 101K Jun 23, 2021 Direct
transaction CSV Common Stock Sale -$59.3K -1.63K -1.61% $36.48 99.6K Jun 23, 2021 Direct
transaction CSV Common Stock Options Exercise $790K +35K +35.13% $22.58 135K Jun 23, 2021 Direct
transaction CSV Common Stock Sale -$1.12M -30.6K -22.71% $36.48 104K Jun 23, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CSV Stock Options Options Exercise -$135K -22.7K -100% $5.94 0 Jun 23, 2021 Common Stock 22.7K $5.94 Direct F1
transaction CSV Stock Options Options Exercise -$790K -35K -100% $22.58 0 Jun 23, 2021 Common Stock 35K $22.58 Direct F2
holding CSV Stock Options 50K Jun 23, 2021 Common Stock 50K $34.79 Direct F3
holding CSV Stock Options 16.6K Jun 23, 2021 Common Stock 16.6K $25.43 Direct F4
holding CSV Stock Options 38.6K Jun 23, 2021 Common Stock 38.6K $26.54 Direct F5
holding CSV Stock Options 16.7K Jun 23, 2021 Common Stock 16.7K $20.06 Direct F6
holding CSV Performance Award 14K Jun 23, 2021 Common Stock 14K Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stock Options grant pursuant to the Carriage Services, Inc. Amended and Restated 2006 Long-Term Incentive Plan which vested 1/3 on 03/05/2013, 1/3 on 03/05/2014 and 1/3 on 03/05/2015. 22,674 options were exercised on 6/23/2021. These stock options expire on 03/05/2022.
F2 Stock Option grant pursuant to the Carriage Services, Inc. Amended and Restated 2006 Long-Term Incentive Plan which vested 1/3 on 2/24/2016, 1/3 on 2/24/2017 and 1/3 on 2/24/2018. 35,000 options were exercised on 6/23/2021. These stock options expire on 02/24/2022.
F3 Stock Options granted on 2/17/2021 pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan that will vest in equal 20% increments each year over the next five years. These options expire on 2/17/2031.
F4 Stock Options granted pursuant to the Carriage Services, Inc. 2017 Omnibus Plan which 1/5 vested on 2/14/2019, 1/5 vested on 2/14/2020, 1/5 vested on 2/14/2021 and 1/5 will vest on 2/14/2022 and 2/14/2023. The options expire on 2/14/2028.
F5 Stock Options granted pursuant to the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan which vested 1/5 on 3/21/2018, 1/5 on 3/21/2019, 1/5 on 3/21/2020, 1/5 on 3/21/2021 and 1/5 will vest on 3/21/2022. These stock options expire on 3/21/2027.
F6 Stock Options granted pursuant to the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan which vested 1/5 on 2/23/2017, 1/5 vested on 2/23/2018, 1/5 vested on 2/23/2019, 1/5 vested on 2/23/2020 and 1/5 vested on 2/23/2021. These stock options expire on 2/23/2026.
F7 Represents performance awards, payable in shares on December 31, 2024 granted under the Carriage Services, Inc. 2017 Omnibus Incentive Plan. The award will vest (if at all) on December 31, 2024 provided that the Company's common stock reaches one of five pre-determined growth targets for a sustained period beginning on the grant date of May 19, 2020 and ending on December 31, 2024.