Peggy Schappaugh - Feb 21, 2024 Form 4 Insider Report for CARRIAGE SERVICES INC (CSV)

Role: VP of Operations & Acquistions
Signature: /s/ Peggy Schappaugh
Stock symbol: CSV
Transactions as of: Feb 21, 2024
Transactions value $: $225,557
Form type: 4
Date filed: 2/23/2024, 09:18 PM
Previous filing: Feb 24, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CSV	Common Stock	Award	$244K	+9.96K	+36.07%	$24.48	37.6K	Feb 21, 2024	Direct	F1
transaction	CSV	Common Stock	Sale	-$18.3K	-714	-1.9%	$25.58	36.9K	Feb 22, 2024	Direct	F2

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		+23.6K			23.6K	Feb 21, 2024	Common Stock	23.6K	$24.48	Direct	F3
holding	CSV	Stock Options						13.5K	Feb 21, 2024	Common Stock	13.5K	$32.69	Direct	F4
holding	CSV	Stock Options						25K	Feb 21, 2024	Common Stock	25K	$49.48	Direct	F5
holding	CSV	Performance Award						45.3K	Feb 21, 2024	Common Stock	45.3K		Direct	F6
holding	CSV	Stock Options						50K	Feb 21, 2024	Common Stock	50K	$34.79	Direct	F7
holding	CSV	Stock Options						3.7K	Feb 21, 2024	Common Stock	3.7K	$26.54	Direct	F8
holding	CSV	Stock Options						1.8K	Feb 21, 2024	Common Stock	1.8K	$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 2/21/2025.
F2	Represents shares withheld on February 22, 2024 to cover taxes associated with the vesting of shares of restricted stock granted on February 22, 2023.
F3	Stock Options granted on 2/21/2024 pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan which will vest in equal increments each year over three years beginning 2/21/2025.
F4	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.
F5	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.
F6	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.
F7	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.
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.