PAYNE MELVIN C 4

Accession 0001016281-22-000037

CIK 0001016281other

View on SEC.gov Company Profile

Filed

Feb 24, 7:00 PM ET

Accepted

Feb 25, 5:50 PM ET

Size

17.2 KB

Accession

0001016281-22-000037

Insider Transaction Report

Form 4

Period: 2022-02-23

CARRIAGE SERVICES INCCSV

PAYNE MELVIN C

DirectorCEO

Transactions

Award
Stock Options
2022-02-23+80,000→ 80,000 total
Exercise: $49.48Exp: 2032-02-23→ Common Stock (80,000 underlying)

Holdings

Common Stock
1,204,419
Common Stock
(indirect: By Spouse)
24,354
Performance Award
Exp: 2024-12-31→ Common Stock (140,476 underlying)
140,476
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
Stock Options
Exp: 2031-02-17→ Common Stock (150,000 underlying)
150,000
Stock Options
Exercise: $34.79Exp: 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

Footnotes (7)

[F1]Stock Options granted on 2/23/2022 pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan that will vest in equal increments each year over the next seven years. These options expire on 2/23/2032.
[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 on 2/17/2021 pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan. 50,000 stock options vested on 12/8/2021 when the stock price reached $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 10 year option term. These options expire on 2/17/2031.
[F4]Stock Options granted on 2/17/2021 pursuant to the Carriage Services, Inc. 2017 Omnibus Incentive Plan which vested 20% on 2/17/2022 and will vest in equal 20% increments each year over the next four years. These options expire on 2/17/2031.
[F5]Stock Options granted pursuant to the Carriage Services, Inc. 2017 Omnibus Plan which vested 1/5 on 2/14/2019, 2/14/2020, 2/14/2021, 2/14/2022 and 1/5 will vest on 2/14/2023. The options 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 on 3/21/2018, 3/21/2019, 3/21/2020, 3/21/2021 and 1/5 will vest on 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 on 2/23/2017, 2/23/2018, 2/23/2019, 2/23/2020 and 2/23/2021. 3,955 stock options were exercised on 6/4/2021. These stock options expire on 2/23/2026.

Documents

1 file

4
wf-form4_164582940425843.xmlPrimary
FORM 4

Issuer

CARRIAGE SERVICES INC

CIK 0001016281

→

Entity typeother

Related Parties

filerCIK 0001024177

Filing Metadata

Form type: 4
Filed: Feb 24, 7:00 PM ET
Accepted: Feb 25, 5:50 PM ET
Size: 17.2 KB

View on SEC.gov