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

Role: Principal Accounting Officer
Signature: /s/ Adeola Olaniyan
Stock symbol: CSV
Transactions as of: Mar 25, 2022
Transactions value $: -$32,500
Form type: 4
Date filed: 3/29/2022, 05:20 PM
Previous filing: Feb 25, 2022
Next filing: Dec 20, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CSV	Common Stock	Options Exercise	$94K	+3.54K	+54.42%	$26.54	10K	Mar 25, 2022	Direct
transaction	CSV	Common Stock	Tax liability	-$93.9K	-1.72K	-17.12%	$54.61	8.33K	Mar 25, 2022	Direct	F1
transaction	CSV	Common Stock	Sale	-$32.5K	-595	-7.15%	$54.66	7.73K	Mar 25, 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	-3.54K	-60%	$0.00	2.36K	Mar 25, 2022	Common Stock	3.54K	$26.54	Direct	F2
holding	CSV	Performance Award						20.7K	Mar 25, 2022	Common Stock	20.7K		Direct	F3
holding	CSV	Stock Options						12K	Mar 25, 2022	Common Stock	12K	$34.79	Direct	F4
holding	CSV	Stock Options						4K	Mar 25, 2022	Common Stock	4K	$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.