Joseph B. Armes - Aug 23, 2022 Form 4 Insider Report for CSW INDUSTRIALS, INC. (CSWI)

Signature
/s/Luke E. Alverson, Attorney in Fact
Stock symbol
CSWI
Transactions as of
Aug 23, 2022
Transactions value $
-$2,096,088
Form type
4
Date filed
8/25/2022, 05:06 PM
Previous filing
Aug 15, 2022
Next filing
Sep 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSWI Common Stock Options Exercise $272K +10.8K +18.33% $25.23* 69.7K Aug 23, 2022 Direct F1
transaction CSWI Common Stock Sale -$1.07M -8K -11.47% $133.23 61.7K Aug 23, 2022 Direct F1, F2
transaction CSWI Common Stock Sale -$372K -2.8K -4.54% $132.63 58.9K Aug 23, 2022 Direct F1, F3
transaction CSWI Common Stock Sale -$370K -2.79K -32.86% $132.50 5.71K Aug 24, 2022 JBA Family Partners, L.P. F4
transaction CSWI Common Stock Sale -$561K -4.21K -73.72% $133.42 1.5K Aug 24, 2022 JBA Family Partners, L.P. F5

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 -10.8K -100% $0.00* 0 Aug 23, 2022 Common Stock 10.8K $25.23 Direct F1
holding CSWI Restricted Stock Units 19.7K Aug 23, 2022 Common Stock 19.7K Direct F6
holding CSWI Performance Rights 27.6K Aug 23, 2022 Common Stock 27.6K Direct F7
holding CSWI Performance Rights 26.1K Aug 23, 2022 Common Stock 26.1K Direct F8
* 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 $132.81 to $133.80, 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 $132.50 to $132.80, 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 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $132.07 to $133.05, 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.
F5 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $133.10 to $133.89, 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.
F6 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.
F7 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.
F8 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.