Joseph B. Armes - Aug 16, 2021 Form 4 Insider Report for CSW INDUSTRIALS, INC. (CSWI)

Signature
/s/Luke E. Alverson, Attorney in Fact
Stock symbol
CSWI
Transactions as of
Aug 16, 2021
Transactions value $
-$3,843,962
Form type
4
Date filed
8/17/2021, 04:35 PM
Previous filing
Jul 16, 2021
Next filing
Sep 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSWI Common Stock Options Exercise $404K +16K +19.88% $25.23* 96.5K Aug 16, 2021 Direct F1
transaction CSWI Common Stock Sale -$1.8M -13.9K -14.42% $129.56 82.6K Aug 16, 2021 Direct F1, F2
transaction CSWI Common Stock Sale -$273K -2.09K -2.53% $130.39 80.5K Aug 16, 2021 Direct F1, F3
transaction CSWI Common Stock Options Exercise $126K +5K +6.21% $25.23* 85.5K Aug 16, 2021 Direct F4
transaction CSWI Common Stock Gift $0 -5K -5.85% $0.00 80.5K Aug 16, 2021 Direct F5
transaction CSWI Common Stock Sale -$2.27M -17.6K -21.81% $129.54 62.9K Aug 16, 2021 Direct F6, F7
transaction CSWI Common Stock Sale -$25.7K -200 -0.32% $128.35 62.7K Aug 16, 2021 Direct F8, F9
holding CSWI Common Stock 9.5K Aug 16, 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
transaction CSWI Option (right to buy) Options Exercise $0 -16K -25.23% $0.00 47.4K Aug 16, 2021 Common Stock 16K $25.23 Direct F1
transaction CSWI Option (right to buy) Options Exercise $0 -5K -10.55% $0.00 42.4K Aug 16, 2021 Common Stock 5K $25.23 Direct F4
holding CSWI Restricted Stock Units 19.7K Aug 16, 2021 Common Stock 19.7K Direct F10
holding CSWI Performance Rights 27.6K Aug 16, 2021 Common Stock 27.6K Direct F11
holding CSWI Performance Rights 31.9K Aug 16, 2021 Common Stock 31.9K Direct F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the broker-assisted cashless exercise and sale of non qualified stock options.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.05 to $130.01, 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, upon request, full information regarding the number of shares sold at each separate price within the range.
F3 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $130.15 to $130.72, 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, upon request, full information regarding the number of shares sold at each separate price within the range.
F4 Reflects the exercise of non qualified stock options and retention of the underlying shares, through which the reporting person remitted cash to the issuer in satisfaction of the exercise price.
F5 Represents shares donated by the Reporting Person to a charitable donor advised fund.
F6 The transaction reported includes the sale of 1,800 shares of common stock effected pursuant to a 10b5-1 trading plan established by the reporting person on August 15, 2019.
F7 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.10 to $129.98, 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, upon request, full information regarding the number of shares sold at each separate price within the range.
F8 The transaction reported was effected pursuant to a 10b5-1 trading plan established by the reporting person on August 15, 2019.
F9 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.18 to $128.51, 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, upon request, full information regarding the number of shares sold at each separate price within the range.
F10 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.
F11 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.
F12 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.