Melvin C. Payne - 29 Nov 2021 Form 4 Insider Report for CARRIAGE SERVICES INC (CSV)

Role
CEO, Director
Signature
/s/ Melvin C. Payne
Issuer symbol
CSV
Transactions as of
29 Nov 2021
Net transactions value
-$4,450,754
Form type
4
Filing time
01 Dec 2021, 15:40:13 UTC
Previous filing
22 Sep 2021
Next filing
16 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSV Common Stock Gift $59,246 -1,100 -0.09% $53.86 1,255,119 29 Nov 2021 Direct
transaction CSV Common Stock Gift $159,100 -3,075 -0.24% $51.74 1,252,044 30 Nov 2021 Direct
transaction CSV Common Stock Options Exercise $1,828,980 +81,000 +6.5% $22.58 1,333,044 30 Nov 2021 Direct
transaction CSV Common Stock Tax liability $2,805,705 -54,227 -4.1% $51.74 1,278,817 30 Nov 2021 Direct F1
transaction CSV Common Stock Sale $1,360,245 -26,500 -2.1% $51.33 1,252,317 30 Nov 2021 Direct F2
transaction CSV Common Stock Sale $14,368 -273 -0.02% $52.63 1,252,044 01 Dec 2021 Direct
transaction CSV Common Stock Gift $52,090 -1,000 -0.08% $52.09 1,251,044 01 Dec 2021 Direct
holding CSV Common Stock 4,164 29 Nov 2021 Melvin C. Payne, Jr. 2016 Annuity Trust
holding CSV Common Stock 4,164 29 Nov 2021 Karen P. Payne 2016 Annuity Trust
holding CSV Common Stock 24,354 29 Nov 2021 Spouse

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 $1,828,980 -81,000 -100% $22.58 0 30 Nov 2021 Common Stock 81,000 $22.58 Direct F3
holding CSV Stock Options 150,000 29 Nov 2021 Common Stock 150,000 Direct F4
holding CSV Stock Options 150,000 29 Nov 2021 Common Stock 150,000 $34.79 Direct F5
holding CSV Performance Award 55,897 29 Nov 2021 Common Stock 55,897 Direct F6
holding CSV Stock Options 50,000 29 Nov 2021 Common Stock 50,000 $25.43 Direct F7
holding CSV Stock Options 116,100 29 Nov 2021 Common Stock 116,100 $26.54 Direct F8
holding CSV Stock Options 54,545 29 Nov 2021 Common Stock 54,545 $20.06 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld on 11/30/2021 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 $50.88 to $51.79, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, on request, full information regarding the number of shares sold at each separate price.
F3 Stock Options granted pursuant to the Carriage Services, Inc. Second 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. 81,000 options were exercised on 11/30/2021. These stock options expire on 2/24/2022.
F4 Stock Options granted on 2/17/2021 pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan. 50,000 stock options would immediately vest upon the stock reaching a price of $55.39 per share and 100,000 stock options would immediately vest upon the stock reaching a price of $77.34 per share, as long as each price is reached for three consecutive trading days during the next 7 year period. These options expire on 2/17/2028.
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. These options expire on 2/17/2031.
F6 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.
F7 Stock Options granted pursuant to the Carriage Services, Inc. 2017 Omnibus Plan which vested 1/5 on 2/14/2019, 1/5 on 2/14/2020, 1/5 on 2/14/2021 and 1/5 will vest on 2/14/2022 and 2/14/2023. The options expire on 2/14/2028.
F8 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.
F9 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 on 2/23/2018, 1/5 on 2/23/2019, 1/5 on 2/23/2020 and 1/5 on 2/23/2021. These stock options expire on 2/23/2026.