Carl B. Brink - Dec 1, 2021 Form 4 Insider Report for CARRIAGE SERVICES INC (CSV)

Role
EVP & Chief Financial Officer
Signature
/s/ Carl B. Brink
Stock symbol
CSV
Transactions as of
Dec 1, 2021
Transactions value $
-$212,325
Form type
4
Date filed
12/3/2021, 05:11 PM
Next filing
Feb 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSV Common Stock Options Exercise $397K +17.6K +89.59% $22.58 37.2K Dec 1, 2021 Direct
transaction CSV Common Stock Tax liability -$603K -11.5K -30.93% $52.47 25.7K Dec 1, 2021 Direct F1
transaction CSV Common Stock Sale -$106K -2K -7.79% $52.84 23.7K Dec 3, 2021 Direct F2
transaction CSV Common Stock Options Exercise $100K +4.43K +18.69% $22.58 28.1K Dec 3, 2021 Direct
holding CSV Common Stock 4.7K Dec 1, 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 -17.6K -79.87% $0.00 4.43K Dec 1, 2021 Common Stock 17.6K $22.58 Direct F3
transaction CSV Stock Options Options Exercise $0 -4.43K -100% $0.00* 0 Dec 3, 2021 Common Stock 4.43K $22.58 Direct F4
holding CSV Performance Award 14K Dec 1, 2021 Common Stock 14K Direct F5
holding CSV Stock Options 50K Dec 1, 2021 Common Stock 50K $34.79 Direct F6
holding CSV Stock Options 15K Dec 1, 2021 Common Stock 15K $25.43 Direct F7
holding CSV Stock Options 34.9K Dec 1, 2021 Common Stock 34.9K $26.54 Direct F8
holding CSV Stock Options 10K Dec 1, 2021 Common Stock 10K $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.