Shawn R. Phillips - 22 Feb 2023 Form 4 Insider Report for CARRIAGE SERVICES INC (CSV)

Role: Sr. VP & Regional Partner
Signature: /s/ Shawn R. Phillips
Issuer symbol: CSV
Transactions as of: 22 Feb 2023
Net transactions value: +$244,194
Form type: 4
Filing time: 24 Feb 2023, 16:14:25 UTC
Previous filing: 05 Aug 2022
Next filing: 23 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CSV	Common Stock	Award	$244,194	+7,470	+7%	$32.69	113,565	22 Feb 2023	Direct	F1

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		+16,200			16,200	22 Feb 2023	Common Stock	16,200	$32.69	Direct	F2
holding	CSV	Stock Options						25,000	22 Feb 2023	Common Stock	25,000	$49.48	Direct	F3
holding	CSV	Performance Award						45,255	22 Feb 2023	Common Stock	45,255		Direct	F4
holding	CSV	Stock Options						50,000	22 Feb 2023	Common Stock	50,000	$34.79	Direct	F5
holding	CSV	Stock Options						16,610	22 Feb 2023	Common Stock	16,610	$25.43	Direct	F6
holding	CSV	Stock Options						38,600	22 Feb 2023	Common Stock	38,600	$26.54	Direct	F7
holding	CSV	Stock Options						9,700	22 Feb 2023	Common Stock	9,700	$20.06	Direct	F8

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

Explanation of Responses:

Id	Content
F1	Restricted Stock grant pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan which will vest in equal increments each year over three years beginning 2/22/2024.
F2	Stock Options granted on 2/22/2023 pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan which will vest in equal increments each year over three years beginning 2/22/2024.
F3	Stock Options granted on 2/23/2022 pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan which will vest in equal increments each year over seven years beginning 2/23/2023.
F4	Represents maximum number of 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 targets for a sustained period beginning on the grant date 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 will vest in equal increments each year over five years beginning 2/17/2022.
F6	Stock Options granted on 2/14/2018 pursuant to the Carriage Services, Inc. 2017 Omnibus Plan which will vest in equal increments each year over five years beginning 2/14/2019.
F7	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 each year over five years beginning 3/21/2018.
F8	Stock Options granted on 2/23/2016 pursuant to the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan which vested in equal increments each year over five years beginning 2/23/2017.