<SEC-DOCUMENT>0001016281-21-000057.txt : 20210219
<SEC-HEADER>0001016281-21-000057.hdr.sgml : 20210219
<ACCEPTANCE-DATETIME>20210219163227
ACCESSION NUMBER:		0001016281-21-000057
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20210217
FILED AS OF DATE:		20210219
DATE AS OF CHANGE:		20210219

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Elliott Paul Donald
		CENTRAL INDEX KEY:			0001557459

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11961
		FILM NUMBER:		21656393

	MAIL ADDRESS:	
		STREET 1:		5219 LAURELWOOD
		CITY:			KINGWOOD
		STATE:			TX
		ZIP:			77345

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CARRIAGE SERVICES INC
		CENTRAL INDEX KEY:			0001016281
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PERSONAL SERVICES [7200]
		IRS NUMBER:				760423828
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		3040 POST OAK BOULEVARD
		STREET 2:		SUITE 300
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77056
		BUSINESS PHONE:		713-332-8400

	MAIL ADDRESS:	
		STREET 1:		3040 POST OAK BOULEVARD
		STREET 2:		SUITE 300
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77056
</SEC-HEADER>
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<TYPE>4
<SEQUENCE>1
<FILENAME>wf-form4_161377033222616.xml
<DESCRIPTION>FORM 4
<TEXT>
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    <periodOfReport>2021-02-17</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001016281</issuerCik>
        <issuerName>CARRIAGE SERVICES INC</issuerName>
        <issuerTradingSymbol>CSV</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001557459</rptOwnerCik>
            <rptOwnerName>Elliott Paul Donald</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>3040 POST OAK BLVD.</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 300</rptOwnerStreet2>
            <rptOwnerCity>HOUSTON</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>77056</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle></officerTitle>
            <otherText>Sr. VP and Regional Partner</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
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            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
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                    <value>24895</value>
                </sharesOwnedFollowingTransaction>
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                <natureOfOwnership>
                    <value>Joint with spouse</value>
                </natureOfOwnership>
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        </nonDerivativeHolding>
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    <derivativeTable>
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            <conversionOrExercisePrice>
                <value>34.79</value>
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                <value>2021-02-17</value>
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            <expirationDate>
                <value>2024-12-31</value>
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            <underlyingSecurity>
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                    <value>13974</value>
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            <securityTitle>
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                <value>26.54</value>
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            <exerciseDate>
                <footnoteId id="F4"/>
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            <expirationDate>
                <value>2027-03-21</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>38600.0</value>
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                <sharesOwnedFollowingTransaction>
                    <value>38600</value>
                </sharesOwnedFollowingTransaction>
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            <securityTitle>
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                <value>20.06</value>
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            <exerciseDate>
                <footnoteId id="F5"/>
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            <expirationDate>
                <value>2026-02-23</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>17300.0</value>
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                    <value>17300</value>
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                    <value>D</value>
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                <value>22.58</value>
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            <exerciseDate>
                <footnoteId id="F6"/>
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            <expirationDate>
                <value>2022-02-24</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>18832.0</value>
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                <sharesOwnedFollowingTransaction>
                    <value>18832</value>
                </sharesOwnedFollowingTransaction>
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                    <value>D</value>
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        </derivativeHolding>
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    <footnotes>
        <footnote id="F1">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.</footnote>
        <footnote id="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.</footnote>
        <footnote id="F3">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 2/14/2021 and 1/5 will vest on 2/14/2022 and 2/14/2023. The options will expire on 2/14/2028.</footnote>
        <footnote id="F4">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 and 3/21/2020 and 1/5 will vest each year on 3/21/2021 and 3/21/2022. These stock options expire on 3/21/2027.</footnote>
        <footnote id="F5">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, and 2/23/2020 and 1/5 will vest on 2/23/2021. These stock options expire on 2/23/2026.</footnote>
        <footnote id="F6">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. 2,918 shares were exercised on 12/11/2020, 8,250 shares were exercised on 12/14/2020 and 8,000 shares were exercised on 12/16/2020. These stock options expire on 02/24/2022.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>/s/ Paul D. Elliott</signatureName>
        <signatureDate>2021-02-19</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
