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

Role: President & COO
Signature: /s/ Carlos Quezada
Issuer symbol: CSV
Transactions as of: 22 Feb 2023
Net transactions value: +$475,640
Form type: 4
Filing time: 24 Feb 2023, 16:17:55 UTC
Previous filing: 15 Dec 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	$475,640	+14,550	+137%	$32.69	25,184	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		+31,500			31,500	22 Feb 2023	Common Stock	31,500	$32.69	Direct	F2
holding	CSV	Stock Options						50,000	22 Feb 2023	Common Stock	50,000	$49.48	Direct	F3
holding	CSV	Performance Award						77,580	22 Feb 2023	Common Stock	77,580		Direct	F4
holding	CSV	Stock Options						50,000	22 Feb 2023	Common Stock	50,000	$34.79	Direct	F5
holding	CSV	Stock Options						13,333	22 Feb 2023	Common Stock	13,333	$18.02	Direct	F6

* 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 6/25/2020 pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan which will vest in equal increments each year over three years beginning 6/25/2021.