Don Sullivan - Apr 6, 2022 Form 4/A - Amendment Insider Report for CSW INDUSTRIALS, INC. (CSWI)

Role: EVP, GM Contractor Solutions
Signature: /s/Luke E. Alverson, Attorney in Fact
Stock symbol: CSWI
Transactions as of: Apr 6, 2022
Transactions value $: -$278,043
Form type: 4/A - Amendment
Date filed: 4/6/2022, 06:03 PM
Date Of Original Report: Apr 6, 2022
Previous filing: Oct 4, 2021
Next filing: Apr 11, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CSWI	Common Stock	Options Exercise	$0	+6.14K	+24.8%	$0.00	30.9K	Apr 6, 2022	Direct	F1
transaction	CSWI	Common Stock	Tax liability	-$278K	-2.43K	-7.87%	$114.28	28.5K	Apr 6, 2022	Direct	F1

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	Performance Rights	Options Exercise	$0	-3.01K	-30.12%	$0.00	6.97K	Apr 6, 2022	Common Stock	3.01K		Direct	F2

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

Explanation of Responses:

Id	Content
F1	This Amendment to Form 4 does not report a new transaction. This Amendment is being filed solely to correct an inadvertent mathematical error in the sum reported for the Amount of Securities Beneficially Owned following the transactions previously reported in the original Form 4 filed on April 6, 2022.
F2	Each performance right represented a contingent right to receive one share of the issuer's common stock at vesting. The performance rights vested at a rate between 0% and 200% during a three-year performance cycle ending on March 31, 2022 based on the issuer's relative total shareholder return performance among the Russell 2000 Index over the performance cycle. The performance rights, along with accrued dividend equivalent units, vested at 200% of the target award amount and were settled in shares of common stock pursuant to the award agreement terms.

Content

This Amendment to Form 4 does not report a new transaction. This Amendment is being filed solely to correct an inadvertent mathematical error in the sum reported for the Amount of Securities Beneficially Owned following the transactions previously reported in the original Form 4 filed on April 6, 2022.

Each performance right represented a contingent right to receive one share of the issuer's common stock at vesting. The performance rights vested at a rate between 0% and 200% during a three-year performance cycle ending on March 31, 2022 based on the issuer's relative total shareholder return performance among the Russell 2000 Index over the performance cycle. The performance rights, along with accrued dividend equivalent units, vested at 200% of the target award amount and were settled in shares of common stock pursuant to the award agreement terms.