Paul D. Elliott - Feb 23, 2022 Form 4 Insider Report for CARRIAGE SERVICES INC (CSV)

Role: Sr. VP and Regional Partner
Signature: /s/ Paul D. Elliott
Stock symbol: CSV
Transactions as of: Feb 23, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/25/2022, 04:53 PM
Previous filing: Aug 10, 2021
Next filing: Feb 24, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CSV	Common Stock						25.7K	Feb 23, 2022	Direct	F1
holding	CSV	Common Stock						6.03K	Feb 23, 2022	Joint with 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		+25K			25K	Feb 23, 2022	Common Stock	25K	$49.48	Direct	F2
holding	CSV	Performance Award						32.8K	Feb 23, 2022	Common Stock	32.8K		Direct	F3
holding	CSV	Stock Options						50K	Feb 23, 2022	Common Stock	50K	$34.79	Direct	F4
holding	CSV	Stock Options						16.6K	Feb 23, 2022	Common Stock	16.6K	$25.43	Direct	F5
holding	CSV	Stock Options						38.6K	Feb 23, 2022	Common Stock	38.6K	$26.54	Direct	F6
holding	CSV	Stock Options						17.3K	Feb 23, 2022	Common Stock	17.3K	$20.06	Direct	F7

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

Explanation of Responses:

Id	Content
F1	Includes 12,500 shares purchased through the 401(K) on 8/21/14.
F2	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.
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 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, 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.
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, 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.
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, 1/5 vested on 2/23/2018, 1/5 vested on 2/23/2019, 1/5 vested on 2/23/2020 and 1/5 vested on 2/23/2021. These stock options expire on 2/23/2026.