CARRIAGE SERVICES INC — Director's Dealing 2021

Sep 3, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARRIAGE SERVICES INC (CSV)
CIK: 0001016281
Period of Report: 2021-09-01

Reporting Person: Quezada Carlos R. (EVP & Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-09-01	Common Stock	M	6667	$18.02	Acquired	11366	Direct
2021-09-01	Common Stock	F	2657	$47.20	Disposed	8709	Direct
2021-09-01	Common Stock	S	4010	$47.45	Disposed	4699	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-09-01	Stock Options	$18.02	M	6667	Disposed	2030-06-25	Common Stock (6667.0)	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

Footnotes

F1: Represents shares withheld on 9/1/2021 to cover the option price and taxes associated with the exercise of stock options.

F2: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.44 to $47.53, inclusive. The reporting person undertakes to provide to Carriage Services, Inc. any security holder of Carriage Services. Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

F3: Stock Options granted pursuant to the Carriage Services, Inc. 2017 Omnibus Plan of which 1/3 vested on 6/25/2021 and 1/3 will vest each year on 6/25/2022 and 6/25/2023. 6,667 options were exercised on 9/1/2021. The options expire on 6/25/2030.

F4: Pursuant to the 2017 Omnibus Plan, the target share awards for the eligible employee will vest on December 31, 2024 if the Company's common stock reaches one of five pre-determined growth targets for a sustained period beginning on the grant date of June 25, 2020 and ending on December 31, 2024.

F5: 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.