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

Role
CEO, Director
Signature
/s/ Melvin C. Payne
Issuer symbol
CSV
Transactions as of
22 Feb 2023
Net transactions value
+$1,006,198
Form type
4
Filing time
24 Feb 2023, 16:18:25 UTC
Previous filing
19 Sep 2022
Next filing
14 Jun 2023
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 $1,006,198 +30,780 +2.6% $32.69 1,227,603 22 Feb 2023 Direct F1
holding CSV Common Stock 4,164 22 Feb 2023 Melvin C. Payne, Jr. 2016 Annuity Trust
holding CSV Common Stock 24,354 22 Feb 2023 Spouse
holding CSV Common Stock 4,164 22 Feb 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 +66,666 66,666 22 Feb 2023 Common Stock 66,666 $32.69 Direct F2
holding CSV Stock Options 80,000 22 Feb 2023 Common Stock 80,000 $49.48 Direct F3
holding CSV Performance Award 181,019 22 Feb 2023 Common Stock 181,019 Direct F4
holding CSV Stock Options 150,000 22 Feb 2023 Common Stock 150,000 Direct F5
holding CSV Stock Options 150,000 22 Feb 2023 Common Stock 150,000 $34.79 Direct F6
holding CSV Stock Options 50,000 22 Feb 2023 Common Stock 50,000 $25.43 Direct F7
holding CSV Stock Options 116,100 22 Feb 2023 Common Stock 116,100 $26.54 Direct F8
holding CSV Stock Options 54,545 22 Feb 2023 Common Stock 54,545 $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.