Melvin C. Payne - Feb 23, 2022 Form 4 Insider Report for CARRIAGE SERVICES INC (CSV)

Role
CEO, Director
Signature
/s/ Melvin C. Payne
Stock symbol
CSV
Transactions as of
Feb 23, 2022
Transactions value $
$0
Form type
4
Date filed
2/25/2022, 04:50 PM
Previous filing
Feb 1, 2022
Next filing
Sep 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CSV Common Stock 1.2M Feb 23, 2022 Direct
holding CSV Common Stock 4.16K Feb 23, 2022 Melvin C. Payne, Jr. 2016 Annuity Trust
holding CSV Common Stock 24.4K Feb 23, 2022 Spouse
holding CSV Common Stock 4.16K Feb 23, 2022 Karen P. Payne 2016 Annuity Trust

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 +80K 80K Feb 23, 2022 Common Stock 80K $49.48 Direct F1
holding CSV Performance Award 140K Feb 23, 2022 Common Stock 140K Direct F2
holding CSV Stock Options 150K Feb 23, 2022 Common Stock 150K Direct F3
holding CSV Stock Options 150K Feb 23, 2022 Common Stock 150K $34.79 Direct F4
holding CSV Stock Options 50K Feb 23, 2022 Common Stock 50K $25.43 Direct F5
holding CSV Stock Options 116K Feb 23, 2022 Common Stock 116K $26.54 Direct F6
holding CSV Stock Options 54.5K Feb 23, 2022 Common Stock 54.5K $20.06 Direct F7
* 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. 50,000 stock options vested on 12/8/2021 when the stock price reached $55.39 per share and 100,000 stock options would immediately vest upon the stock reaching a price of $77.34 per share, as long as each price is reached for three consecutive trading days during the 10 year option term. These options expire on 2/17/2031.
F4 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.
F5 Stock Options granted pursuant to the Carriage Services, Inc. 2017 Omnibus Plan which vested 1/5 on 2/14/2019, 2/14/2020, 2/14/2021, 2/14/2022 and 1/5 will vest on 2/14/2023. The options 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 on 3/21/2018, 3/21/2019, 3/21/2020, 3/21/2021 and 1/5 will vest on 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 on 2/23/2017, 2/23/2018, 2/23/2019, 2/23/2020 and 2/23/2021. 3,955 stock options were exercised on 6/4/2021. These stock options expire on 2/23/2026.