Adeola Olaniyan - Feb 22, 2023 Form 4 Insider Report for CARRIAGE SERVICES INC (CSV)

Role: Principal Accounting Officer
Signature: /s/ Adeola Olaniyan
Stock symbol: CSV
Transactions as of: Feb 22, 2023
Transactions value $: $86,302
Form type: 4
Date filed: 2/24/2023, 04:15 PM
Previous filing: Dec 30, 2022
Next filing: Feb 23, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CSV	Common Stock	Award	$86.3K	+2.64K	+40.62%	$32.69	9.14K	Feb 22, 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
holding	CSV	Stock Options						4K	Feb 22, 2023	Common Stock	4K	$49.48	Direct	F2
holding	CSV	Performance Award						20.7K	Feb 22, 2023	Common Stock	20.7K		Direct	F3
holding	CSV	Stock Options						12K	Feb 22, 2023	Common Stock	12K	$34.79	Direct	F4
holding	CSV	Stock Options						2.36K	Feb 22, 2023	Common Stock	2.36K	$26.54	Direct	F5

* 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 2/23/2022 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.
F3	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.
F4	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.
F5	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.