Carl Benjamin Brink - 23 Feb 2022 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: 23 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 25 Feb 2022, 16:49:16 UTC
Previous filing: 03 Dec 2021
Next filing: 15 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CSV	Common Stock						28,114	23 Feb 2022	Direct
holding	CSV	Common Stock						4,695	23 Feb 2022	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	Award		+40,000			40,000	23 Feb 2022	Common Stock	40,000	$49.48	Direct	F1
holding	CSV	Performance Award						56,190	23 Feb 2022	Common Stock	56,190		Direct	F2
holding	CSV	Stock Options						50,000	23 Feb 2022	Common Stock	50,000	$34.79	Direct	F3
holding	CSV	Stock Options						15,000	23 Feb 2022	Common Stock	15,000	$25.43	Direct	F4
holding	CSV	Stock Options						34,900	23 Feb 2022	Common Stock	34,900	$26.54	Direct	F5
holding	CSV	Stock Options						10,000	23 Feb 2022	Common Stock	10,000	$20.06	Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Stock Options granted on 2/23/2022 pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan that will vest in equal increments each year over the next seven years. These options expire on 2/23/2032.
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 on 2/17/2021 pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan which vested 20% on 2/17/2022 and will vest in equal 20% increments each year over the next four years. These options expire on 2/17/2031.
F4	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, 1/5 on 2/14/2022 and 1/5 will vest on 2/14/2023. The options expire on 2/14/2028.
F5	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.
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 2/23/2017, 2/23/2018, 2/23/2019, 2/23/2020 and 2/23/2021. These stock options expire on 2/23/2026.