CARRIAGE SERVICES INC — Director's Dealing 2021

Dec 16, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARRIAGE SERVICES INC (CSV)
CIK: 0001016281
Period of Report: 2021-12-14

Reporting Person: Manceaux Christopher (Sr. VP and Regional Partner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-14	Common Stock	M	6000	$55.95	Acquired	16587	Direct
2021-12-14	Common Stock	F	2373	$22.58	Disposed	14214	Direct
2021-12-14	Common Stock	S	636	$55.99	Disposed	13578	Direct
2021-12-14	Common Stock	S	358	$55.91	Disposed	13220	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-14	Stock Options	$22.58	M	6000	Disposed	2022-02-24	Common Stock (6000.0)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Performance Award	$	2024-12-31	Common Stock (13974.0)	13974	Direct
Stock Options	$34.79	2031-02-17	Common Stock (50000.0)	50000	Direct
Stock Options	$25.43	2028-02-14	Common Stock (6160.0)	6160	Direct
Stock Options	$26.54	2027-03-21	Common Stock (12700.0)	12700	Direct
Stock Options	$20.06	2026-02-23	Common Stock (3300.0)	3300	Direct

Footnotes

F1: Represents shares withheld on 12/14/2021 to cover the option price and taxes associated with the exercise of stock options.

F2: Stock Option grant pursuant to the Carriage Services, Inc. Amended and Restated 2006 Long-Term Incentive Plan which vested 1/3 on 2/24/2016, 1/3 on 2/24/2017 and 1/3 on 2/24/2018. 6,000 shares were exercised on 12/14/2021. These stock options expire on 02/24/2022.

F3: 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.

F4: Stock Options granted on 2/17/2021 pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan that will vest in equal 20% increments each year over the next five years. The options expire on 2/17/2031.

F5: Stock Options granted pursuant to Carriage Services, Inc. 2017 Omnibus Plan which 1/5 vested each year on 2/14/2019, 2/24/2020 and 2/24/2021 and 1/5 will vest each year on 2/14/2022 and 2/14/2023. The options will expire on 2/14/2028.

F6: Stock Options granted pursuant to the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan which vested 1/5 each year 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.

F7: Stock Options granted pursuant to the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan which vested 1/5 each year on 2/23/2017, 2/23/2018, 2/23/2019, 2/23/2020 and 2/23/2021. These stock options expire on 2/23/2026.