Christopher Manceaux - Dec 14, 2021 Form 4 Insider Report for CARRIAGE SERVICES INC (CSV)

Role
Sr. VP and Regional Partner
Signature
/s/ Christopher Manceaux
Stock symbol
CSV
Transactions as of
Dec 14, 2021
Transactions value $
$226,492
Form type
4
Date filed
12/16/2021, 04:49 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSV Common Stock Options Exercise $336K +6K +56.67% $55.95 16.6K Dec 14, 2021 Direct
transaction CSV Common Stock Tax liability -$53.6K -2.37K -14.31% $22.58 14.2K Dec 14, 2021 Direct F1
transaction CSV Common Stock Sale -$35.6K -636 -4.47% $55.99 13.6K Dec 14, 2021 Direct
transaction CSV Common Stock Sale -$20K -358 -2.64% $55.91 13.2K Dec 14, 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 $0 -6K -100% $0.00* 0 Dec 14, 2021 Common Stock 6K $22.58 Direct F2
holding CSV Performance Award 14K Dec 14, 2021 Common Stock 14K Direct F3
holding CSV Stock Options 50K Dec 14, 2021 Common Stock 50K $34.79 Direct F4
holding CSV Stock Options 6.16K Dec 14, 2021 Common Stock 6.16K $25.43 Direct F5
holding CSV Stock Options 12.7K Dec 14, 2021 Common Stock 12.7K $26.54 Direct F6
holding CSV Stock Options 3.3K Dec 14, 2021 Common Stock 3.3K $20.06 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld on 12/14/2021 to cover the option price and taxes associated with the exercise of stock options.
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. 6,000 shares were exercised on 12/14/2021. These stock options expire on 02/24/2022.
F3 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.
F4 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.
F5 Stock Options granted pursuant to Carriage Services, Inc. 2017 Omnibus Plan which 1/5 vested each year on 2/14/2019, 2/24/2020 and 2/24/2021 and 1/5 will vest each year on 2/14/2022 and 2/14/2023. The options will expire on 2/14/2028.
F6 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 3/21/2022. These stock options expire on 3/21/2027.
F7 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.