Adeola Olaniyan - 25 Mar 2022 Form 4 Insider Report for CARRIAGE SERVICES INC (CSV)

Role
Principal Accounting Officer
Signature
/s/ Adeola Olaniyan
Issuer symbol
CSV
Transactions as of
25 Mar 2022
Net transactions value
-$32,500
Form type
4
Filing time
29 Mar 2022, 17:20:43 UTC
Previous filing
25 Feb 2022
Next filing
20 Dec 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 $93,952 +3,540 +54% $26.54 10,045 25 Mar 2022 Direct
transaction CSV Common Stock Tax liability $93,929 -1,720 -17% $54.61 8,325 25 Mar 2022 Direct F1
transaction CSV Common Stock Sale $32,523 -595 -7.1% $54.66 7,730 25 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 -3,540 -60% $0.000000 2,360 25 Mar 2022 Common Stock 3,540 $26.54 Direct F2
holding CSV Performance Award 20,688 25 Mar 2022 Common Stock 20,688 Direct F3
holding CSV Stock Options 12,000 25 Mar 2022 Common Stock 12,000 $34.79 Direct F4
holding CSV Stock Options 4,000 25 Mar 2022 Common Stock 4,000 $49.48 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld on 3/25/2022 to cover the option price associated with the exercise of stock options granted on 3/21/2017.
F2 Stock Options granted on 3/21/2017 pursuant to the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan which vested in equal increments over five years. 3,540 options were exercised on 3/25/2022. These stock options expire on 3/21/2027.
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 vest in equal increments over five years. These options expire on 2/17/2031.
F5 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 five years. These options expire on 2/23/2032.