Adeola Olaniyan - 20 Feb 2022 Form 4 Insider Report for CARRIAGE SERVICES INC (CSV)

Role
Principal Accounting Officer
Signature
/s/ Adeola Olaniyan
Issuer symbol
CSV
Transactions as of
20 Feb 2022
Net transactions value
-$26,032
Form type
4
Filing time
23 Feb 2022, 19:26:53 UTC
Previous filing
03 Sep 2021
Next filing
25 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSV Common Stock Sale $26,032 -526 -7.5% $49.49 6,492 20 Feb 2022 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 Performance Award 14,048 20 Feb 2022 Common Stock 14,048 Direct F2
holding CSV Stock Options 5,900 20 Feb 2022 Common Stock 5,900 $26.54 Direct F3
holding CSV Stock Options 12,000 20 Feb 2022 Common Stock 12,000 $34.79 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld on February 20, 2022 to cover taxes associated with the vesting of shares of restricted stock granted on February 20, 2019.
F2 Represents 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 growth targets for a sustained period beginning on the grant date of May 19, 2020 and ending on December 31, 2024.
F3 Stock Options granted pursuant to the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan which vested 1/5 on 3/21/2018, 3/21/2019, 3/21/2020 and 3/21/2021 and 1/5 will vest 3/21/2022. These stock options expire on 3/21/2027.
F4 Stock Options granted on 2/17/2021 pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan in which 1/5 vested on 2/17/2022 and 1/5 will vest each year on 2/17/2023, 2/17/2024, 2/17/2025 and 2/17/2026. The options expire on 2/17/2031.