Carl Benjamin Brink - 01 Dec 2021 Form 4 Insider Report for CARRIAGE SERVICES INC (CSV)

Role: EVP & Chief Financial Officer
Signature: /s/ Carl B. Brink
Issuer symbol: CSV
Transactions as of: 01 Dec 2021
Net transactions value: -$212,325
Form type: 4
Filing time: 03 Dec 2021, 17:11:32 UTC
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	$396,776	+17,572	+90%	$22.58	37,186	01 Dec 2021	Direct
transaction	CSV	Common Stock	Tax liability	$603,405	-11,500	-31%	$52.47	25,686	01 Dec 2021	Direct	F1
transaction	CSV	Common Stock	Sale	$105,680	-2,000	-7.8%	$52.84	23,686	03 Dec 2021	Direct	F2
transaction	CSV	Common Stock	Options Exercise	$99,984	+4,428	+19%	$22.58	28,114	03 Dec 2021	Direct
holding	CSV	Common Stock						4,695	01 Dec 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	$0	-17,572	-80%	$0.000000	4,428	01 Dec 2021	Common Stock	17,572	$22.58	Direct	F3
transaction	CSV	Stock Options	Options Exercise	$0	-4,428	-100%	$0.000000^*	0	03 Dec 2021	Common Stock	4,428	$22.58	Direct	F4
holding	CSV	Performance Award						13,974	01 Dec 2021	Common Stock	13,974		Direct	F5
holding	CSV	Stock Options						50,000	01 Dec 2021	Common Stock	50,000	$34.79	Direct	F6
holding	CSV	Stock Options						15,000	01 Dec 2021	Common Stock	15,000	$25.43	Direct	F7
holding	CSV	Stock Options						34,900	01 Dec 2021	Common Stock	34,900	$26.54	Direct	F8
holding	CSV	Stock Options						10,000	01 Dec 2021	Common Stock	10,000	$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 12/1/2021 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 $52.84 to $52.88, 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, upon request, full information regarding the number of shares sold at each separate price.
F3	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. 17,572 options were exercised on 12/1/2021. These stock options expire on 02/24/2022.
F4	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. 4,428 options were exercised on 12/3/2021. These stock options expire on 02/24/2022.
F5	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.
F6	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.
F7	Stock Options granted pursuant to the Carriage Services, Inc. 2017 Omnibus Plan which 1/5 vested each year on 2/14/2019, 2/14/2020 and 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 each year on 3/21/2018, 3/21/2019, 3/21/2020 and 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 each year on 2/23/2017, 2/23/2018, 2/23/2019, 2/23/2020 and 2/23/2021. These stock options expire on 2/23/2026.