PAYNE MELVIN C 4

Accession 0001016281-21-000205

CIK 0001016281other

View on SEC.gov Company Profile

Filed

Nov 30, 7:00 PM ET

Accepted

Dec 1, 4:40 PM ET

Size

27.0 KB

Accession

0001016281-21-000205

Insider Transaction Report

Form 4

Period: 2021-11-29

CARRIAGE SERVICES INCCSV

PAYNE MELVIN C

DirectorCEO

Transactions

Gift
Common Stock
2021-11-29$53.86/sh−1,100$59,246→ 1,255,119 total
Gift
Common Stock
2021-11-30$51.74/sh−3,075$159,101→ 1,252,044 total
Sale
Common Stock
2021-11-30$51.33/sh−26,500$1,360,245→ 1,252,317 total
Sale
Common Stock
2021-12-01$52.63/sh−273$14,368→ 1,252,044 total
Gift
Common Stock
2021-12-01$52.09/sh−1,000$52,090→ 1,251,044 total
Exercise/Conversion
Stock Options
2021-11-30$22.58/sh−81,000$1,828,980→ 0 total
Exercise: $22.58Exp: 2022-02-24→ Common Stock (81,000 underlying)
Exercise/Conversion
Common Stock
2021-11-30$22.58/sh+81,000$1,828,980→ 1,333,044 total
Tax Payment
Common Stock
2021-11-30$51.74/sh−54,227$2,805,705→ 1,278,817 total

Holdings

Stock Options
Exercise: $34.79Exp: 2031-02-17→ Common Stock (150,000 underlying)
150,000
Stock Options
Exp: 2031-02-17→ Common Stock (150,000 underlying)
150,000
Stock Options
Exercise: $26.54Exp: 2027-03-21→ Common Stock (116,100 underlying)
116,100
Stock Options
Exercise: $25.43Exp: 2028-02-14→ Common Stock (50,000 underlying)
50,000
Stock Options
Exercise: $20.06Exp: 2026-02-23→ Common Stock (54,545 underlying)
54,545
Common Stock
(indirect: By Trust)
4,164
Common Stock
(indirect: By Trust)
4,164
Performance Award
Exp: 2024-12-31→ Common Stock (55,897 underlying)
55,897
Common Stock
(indirect: By Spouse)
24,354

Footnotes (9)

[F1]Represents shares withheld on 11/30/2021 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 $50.88 to $51.79, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, on request, full information regarding the number of shares sold at each separate price.
[F3]Stock Options granted pursuant to the Carriage Services, Inc. Second 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. 81,000 options were exercised on 11/30/2021. These stock options expire on 2/24/2022.
[F4]Stock Options granted on 2/17/2021 pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan. 50,000 stock options would immediately vest upon the stock reaching a price of $55.39 per share and 100,000 stock options would immediately vest upon the stock reaching a price of $77.34 per share, as long as each price is reached for three consecutive trading days during the next 7 year period. These options expire on 2/17/2028.
[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. These options expire on 2/17/2031.
[F6]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.
[F7]Stock Options granted pursuant to the Carriage Services, Inc. 2017 Omnibus Plan which vested 1/5 on 2/14/2019, 1/5 on 2/14/2020, 1/5 on 2/14/2021 and 1/5 will vest on 2/14/2022 and 2/14/2023. The options expire on 2/14/2028.
[F8]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, 1/5 on 3/21/2019, 1/5 on 3/21/2020, 1/5 on 3/21/2021 and 1/5 will vest on 3/21/2022. These stock options expire on 3/21/2027.
[F9]Stock Options granted pursuant to the Carriage Services, Inc. Second Amended and Restated 2006 Long-Term Incentive Plan which vested 1/5 on 2/23/2017, 1/5 on 2/23/2018, 1/5 on 2/23/2019, 1/5 on 2/23/2020 and 1/5 on 2/23/2021. These stock options expire on 2/23/2026.

Documents

1 file

4
wf-form4_163839479890609.xmlPrimary
FORM 4

Issuer

CARRIAGE SERVICES INC

CIK 0001016281

→

Entity typeother

Related Parties

filerCIK 0001024177

Filing Metadata

Form type: 4
Filed: Nov 30, 7:00 PM ET
Accepted: Dec 1, 4:40 PM ET
Size: 27.0 KB

View on SEC.gov