Shane Pudenz - Mar 7, 2025 Form 4 Insider Report for CARRIAGE SERVICES INC (CSV)

Role: Vice President of Sales
Signature: /s/ Shane Pudenz
Stock symbol: CSV
Transactions as of: Mar 7, 2025
Transactions value $: $0
Form type: 4
Date filed: 4/25/2025, 08:24 PM
Previous filing: Jun 27, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CSV	Common Stock						28K	Mar 7, 2025	Direct

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	Performance Award	Award		+7.09K			7.09K	Mar 7, 2025	Common Stock	7.09K		Direct	F1, F2
holding	CSV	Stock Options						22.9K	Mar 7, 2025	Common Stock	22.9K	$24.48	Direct	F3
holding	CSV	Stock Options						12.4K	Mar 7, 2025	Common Stock	12.4K	$32.69	Direct	F4
holding	CSV	Stock Options						25K	Mar 7, 2025	Common Stock	25K	$49.48	Direct	F5
holding	CSV	Stock Options						7K	Mar 7, 2025	Common Stock	7K	$34.79	Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a performance-based award, payable in shares, granted on March 7, 2025 under the Carriage Services, Inc. 2017 Omnibus Incentive Plan (the "Plan"). The award will vest (if at all) provided that certain pre-determined performance metrics related to the Issuer's Adjusted Consolidated EBITDA (Adjusted Earnings Before Interest Tax Depreciation and Amortization) are achieved during the period commencing on the grant date through March 31, 2028, and certified by the Issuer's Compensation Committee of the Board of Directors, subject to terms of the Plan, such award, and the Reporting Person remaining continuously employed by the Issuer through such date.
F2	This transaction is being reported late due to an administrative oversight.
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	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.