CARRIAGE SERVICES INC — Director's Dealing 2022

Feb 23, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARRIAGE SERVICES INC (CSV)
CIK: 0001016281
Period of Report: 2022-02-20

Reporting Person: Olaniyan Adeola (Principal Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-20	Common Stock	S	526	$49.49	Disposed	6492	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Performance Award	$	2024-12-31	Common Stock (14048.0)	14048	Direct
Stock Options	$26.54	2027-03-21	Common Stock (5900.0)	5900	Direct
Stock Options	$34.79	2031-02-17	Common Stock (12000.0)	12000	Direct

Footnotes

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.