Shawn R. Phillips - Mar 7, 2022 Form 4 Insider Report for CARRIAGE SERVICES INC (CSV)

Role
Senior Vice President
Signature
/s/ Shawn R. Phillips
Stock symbol
CSV
Transactions as of
Mar 7, 2022
Transactions value $
-$62,225
Form type
4
Date filed
3/9/2022, 05:00 PM
Previous filing
Feb 25, 2022
Next filing
Aug 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSV Common Stock Options Exercise $80.2K +4K +3.93% $20.06 106K Mar 7, 2022 Direct
transaction CSV Common Stock Tax liability -$141K -2.76K -2.61% $51.16 103K Mar 7, 2022 Direct F1
transaction CSV Common Stock Sale -$61.4K -1.2K -1.17% $51.16 102K Mar 7, 2022 Direct
transaction CSV Common Stock Options Exercise $60.2K +3K +2.95% $20.06 105K Mar 7, 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 -4K -23.95% $0.00 12.7K Mar 7, 2022 Common Stock 4K $20.06 Direct F2
transaction CSV Stock Options Options Exercise $0 -3K -23.62% $0.00 9.7K Mar 7, 2022 Common Stock 3K $20.06 Direct F2
holding CSV Stock Options 25K Mar 7, 2022 Common Stock 25K $49.48 Direct F3
holding CSV Performance Award 32.8K Mar 7, 2022 Common Stock 32.8K Direct F4
holding CSV Stock Options 50K Mar 7, 2022 Common Stock 50K $34.79 Direct F5
holding CSV Stock Options 16.6K Mar 7, 2022 Common Stock 16.6K $25.43 Direct F6
holding CSV Stock Options 38.6K Mar 7, 2022 Common Stock 38.6K $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.