Joseph B. Armes - 24 May 2021 Form 4 Insider Report for CSW INDUSTRIALS, INC. (CSWI)

Role: Chairman, President & CEO, Director
Signature: /s/Luke E. Alverson, Attorney in Fact
Issuer symbol: CSWI
Transactions as of: 24 May 2021
Net transactions value: $0
Form type: 4
Filing time: 25 May 2021, 16:31:20 UTC
Previous filing: 17 May 2021
Next filing: 16 Jun 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CSWI	Common Stock	Gift	$0	-1,500	-1.7%	$0.000000	84,481	24 May 2021	Direct	F1
holding	CSWI	Common Stock						9,502	24 May 2021	JBA Family Partners, L.P.

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	CSWI	Option (right to buy)						63,413	24 May 2021	Common Stock	63,413	$25.23	Direct
holding	CSWI	Restricted Stock Units						19,685	24 May 2021	Common Stock	19,685		Direct	F2
holding	CSWI	Performance Rights						27,559	24 May 2021	Common Stock	27,559		Direct	F3
holding	CSWI	Performance Rights						31,860	24 May 2021	Common Stock	31,860		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares donated by the Reporting Person to a charitable donor advised fund.
F2	Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock at vesting. 40% of the restricted stock units vest no earlier than April 26, 2025 upon the successful recruitment and hiring of a successor Chief Executive Officer; the remaining 60% vest upon the successful first employment anniversary of a successor Chief Executive Officer.
F3	Each performance right represents a contingent right to receive one share of the issuer's common stock at vesting. The performance rights vest in three equal amounts, at a rate between 0% and 200%, during three performance cycles ending on each of March 31, 2025, 2026, and 2027 based on the issuer's relative total shareholder return in comparison to the total shareholder return performance among the Russell 2000 Index over the performance cycle. The performance rights may be settled, at the issuer's discretion, in cash or shares of common stock.
F4	Each performance right represents a contingent right to receive one share of the issuer's common stock at vesting. The performance rights vest at a rate between 0% and 200% during a three-year performance cycle ending on each of March 31, 2022, 2023 and 2024 based on the issuer's relative total shareholder return in comparison to the total shareholder return performance among the Russell 2000 Index over the performance cycle. The performance rights may be settled, at the issuer's discretion, in cash or shares of common stock.