Melvin C. Payne - Feb 22, 2023 Form 4 Insider Report for CARRIAGE SERVICES INC (CSV)

Role
CEO, Director
Signature
/s/ Melvin C. Payne
Stock symbol
CSV
Transactions as of
Feb 22, 2023
Transactions value $
$1,006,198
Form type
4
Date filed
2/24/2023, 04:18 PM
Previous filing
Sep 19, 2022
Next filing
Jun 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSV Common Stock Award $1.01M +30.8K +2.57% $32.69 1.23M Feb 22, 2023 Direct F1
holding CSV Common Stock 4.16K Feb 22, 2023 Melvin C. Payne, Jr. 2016 Annuity Trust
holding CSV Common Stock 24.4K Feb 22, 2023 Spouse
holding CSV Common Stock 4.16K Feb 22, 2023 Karen P. Payne 2016 Annuity Trust

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 +66.7K 66.7K Feb 22, 2023 Common Stock 66.7K $32.69 Direct F2
holding CSV Stock Options 80K Feb 22, 2023 Common Stock 80K $49.48 Direct F3
holding CSV Performance Award 181K Feb 22, 2023 Common Stock 181K Direct F4
holding CSV Stock Options 150K Feb 22, 2023 Common Stock 150K Direct F5
holding CSV Stock Options 150K Feb 22, 2023 Common Stock 150K $34.79 Direct F6
holding CSV Stock Options 50K Feb 22, 2023 Common Stock 50K $25.43 Direct F7
holding CSV Stock Options 116K Feb 22, 2023 Common Stock 116K $26.54 Direct F8
holding CSV Stock Options 54.5K Feb 22, 2023 Common Stock 54.5K $20.06 Direct F9
* 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. 50,000 stock options vested on 12/8/2021 when the stock price reached $55.39 per share and 100,000 stock options would immediately vest upon the stock reaching a price of $77.34 per share, as long as each price is reached for three consecutive trading days during the 10 year option term.
F6 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.
F7 Stock Options granted on 2/14/2018 pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan which vested in equal increments each year over five years beginning 2/14/2019.
F8 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.
F9 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.