Shawn R. Phillips - 07 Mar 2022 Form 4 Insider Report for CARRIAGE SERVICES INC (CSV)

Role: Senior Vice President
Signature: /s/ Shawn R. Phillips
Issuer symbol: CSV
Transactions as of: 07 Mar 2022
Net transactions value: -$62,225
Form type: 4
Filing time: 09 Mar 2022, 17:00:08 UTC
Previous filing: 25 Feb 2022
Next filing: 05 Aug 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CSV	Common Stock	Options Exercise	$80,240	+4,000	+3.9%	$20.06	105,789	07 Mar 2022	Direct
transaction	CSV	Common Stock	Tax liability	$141,202	-2,760	-2.6%	$51.16	103,029	07 Mar 2022	Direct	F1
transaction	CSV	Common Stock	Sale	$61,443	-1,201	-1.2%	$51.16	101,828	07 Mar 2022	Direct
transaction	CSV	Common Stock	Options Exercise	$60,180	+3,000	+2.9%	$20.06	104,828	07 Mar 2022	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	-4,000	-24%	$0.000000	12,700	07 Mar 2022	Common Stock	4,000	$20.06	Direct	F2
transaction	CSV	Stock Options	Options Exercise	$0	-3,000	-24%	$0.000000	9,700	07 Mar 2022	Common Stock	3,000	$20.06	Direct	F2
holding	CSV	Stock Options						25,000	07 Mar 2022	Common Stock	25,000	$49.48	Direct	F3
holding	CSV	Performance Award						32,778	07 Mar 2022	Common Stock	32,778		Direct	F4
holding	CSV	Stock Options						50,000	07 Mar 2022	Common Stock	50,000	$34.79	Direct	F5
holding	CSV	Stock Options						16,610	07 Mar 2022	Common Stock	16,610	$25.43	Direct	F6
holding	CSV	Stock Options						38,600	07 Mar 2022	Common Stock	38,600	$26.54	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 3/7/2022 to cover the option price and taxes associated with the exercise of stock options.
F2	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. 7,000 options were exercised on 3/7/2022. These stock options expire on 2/23/2026.
F3	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.
F4	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.
F5	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 that will vest in equal 20% increments each year over the next four years. These options expire on 2/17/2031.
F6	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.
F7	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.