Carlos R. Quezada - 01 Sep 2021 Form 4 Insider Report for CARRIAGE SERVICES INC (CSV)

Role
EVP & Chief Operating Officer
Signature
/s/ Carlos Quezada
Issuer symbol
CSV
Transactions as of
01 Sep 2021
Net transactions value
-$315,685
Form type
4
Filing time
03 Sep 2021, 16:19:07 UTC
Previous filing
21 Jun 2021
Next filing
25 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSV Common Stock Options Exercise $120,139 +6,667 +142% $18.02 11,366 01 Sep 2021 Direct
transaction CSV Common Stock Tax liability $125,410 -2,657 -23% $47.20 8,709 01 Sep 2021 Direct F1
transaction CSV Common Stock Sale $190,274 -4,010 -46% $47.45 4,699 01 Sep 2021 Direct F2

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 $120,139 -6,667 -33% $18.02 13,333 01 Sep 2021 Common Stock 6,667 $18.02 Direct F3
holding CSV Performance Award 13,974 01 Sep 2021 Common Stock 13,974 Direct F4
holding CSV Stock Options 50,000 01 Sep 2021 Common Stock 50,000 $34.79 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld on 9/1/2021 to cover the option price and taxes associated with the exercise of stock options.
F2 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.44 to $47.53, inclusive. The reporting person undertakes to provide to Carriage Services, Inc. any security holder of Carriage Services. Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F3 Stock Options granted pursuant to the Carriage Services, Inc. 2017 Omnibus Plan of which 1/3 vested on 6/25/2021 and 1/3 will vest each year on 6/25/2022 and 6/25/2023. 6,667 options were exercised on 9/1/2021. The options expire on 6/25/2030.
F4 Pursuant to the 2017 Omnibus Plan, the target share awards for the eligible employee will vest on December 31, 2024 if the Company's common stock reaches one of five pre-determined growth targets for a sustained period beginning on the grant date of June 25, 2020 and ending on December 31, 2024.
F5 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. The options expire on 2/17/2031.