Joseph B. Armes - Feb 15, 2023 Form 4 Insider Report for CSW INDUSTRIALS, INC. (CSWI)

Signature
/s/Luke E. Alverson, Attorney in Fact
Stock symbol
CSWI
Transactions as of
Feb 15, 2023
Transactions value $
-$141,057
Form type
4
Date filed
2/16/2023, 03:39 PM
Previous filing
Jan 17, 2023
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSWI Common Stock Sale -$9.14K -66 -0.12% $138.42 56.1K Feb 15, 2023 Direct F1, F2
transaction CSWI Common Stock Sale -$13K -93 -0.17% $139.31 56K Feb 15, 2023 Direct F1, F3
transaction CSWI Common Stock Sale -$14K -100 -0.18% $140.36 55.9K Feb 15, 2023 Direct F1, F4
transaction CSWI Common Stock Sale -$64.4K -456 -0.82% $141.17 55.5K Feb 15, 2023 Direct F1, F5
transaction CSWI Common Stock Sale -$39.6K -278 -0.5% $142.28 55.2K Feb 15, 2023 Direct F1, F6
transaction CSWI Common Stock Sale -$1K -7 -0.01% $143.11 55.2K Feb 15, 2023 Direct F1
holding CSWI Common Stock 1.5K Feb 15, 2023 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 Restricted Stock Units 19.7K Feb 15, 2023 Common Stock 19.7K Direct F7
holding CSWI Performance Rights 27.6K Feb 15, 2023 Common Stock 27.6K Direct F8
holding CSWI Performance Rights 26.1K Feb 15, 2023 Common Stock 26.1K Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transaction reported was effected pursuant to a 10b5-1 trading plan established by the reporting person on December 12, 2022.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $137.78 to $138.77, 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 $138.78 to $139.77, 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 $139.81 to $140.79, 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 $140.81 to $141.80, 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.
F6 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $141.86 to $142.85, 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.
F7 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.
F8 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.
F9 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, 2023, 2024 and 2025 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.