Adeola Olaniyan - Feb 20, 2022 Form 4 Insider Report for CARRIAGE SERVICES INC (CSV)

Role
Principal Accounting Officer
Signature
/s/ Adeola Olaniyan
Stock symbol
CSV
Transactions as of
Feb 20, 2022
Transactions value $
-$26,032
Form type
4
Date filed
2/23/2022, 07:26 PM
Previous filing
Sep 3, 2021
Next filing
Feb 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSV Common Stock Sale -$26K -526 -7.5% $49.49 6.49K Feb 20, 2022 Direct F1

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
holding CSV Performance Award 14K Feb 20, 2022 Common Stock 14K Direct F2
holding CSV Stock Options 5.9K Feb 20, 2022 Common Stock 5.9K $26.54 Direct F3
holding CSV Stock Options 12K Feb 20, 2022 Common Stock 12K $34.79 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld on February 20, 2022 to cover taxes associated with the vesting of shares of restricted stock granted on February 20, 2019.
F2 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.
F3 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, 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.
F4 Stock Options granted on 2/17/2021 pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan in which 1/5 vested on 2/17/2022 and 1/5 will vest each year on 2/17/2023, 2/17/2024, 2/17/2025 and 2/17/2026. The options expire on 2/17/2031.