Luke Alverson - Apr 5, 2023 Form 4 Insider Report for CSW INDUSTRIALS, INC. (CSWI)

Role: SVP, GC & Secretary
Signature: /s/ Luke E. Alverson
Stock symbol: CSWI
Transactions as of: Apr 5, 2023
Transactions value $: -$226,595
Form type: 4
Date filed: 4/6/2023, 04:53 PM
Previous filing: Feb 6, 2023
Next filing: May 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CSWI	Common Stock	Options Exercise	$0	+4.05K	+22.33%	$0.00	22.2K	Apr 5, 2023	Direct
transaction	CSWI	Common Stock	Tax liability	-$227K	-1.63K	-7.35%	$138.93	20.5K	Apr 5, 2023	Direct

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	-2.27K	-46.31%	$0.00	2.64K	Apr 5, 2023	Common Stock	2.27K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	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, 2023 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, along with 46 dividend equivalent units, vested at 176.1% of the target award amount and were settled in shares of common stock pursuant to the award agreement terms.

Content

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, 2023 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, along with 46 dividend equivalent units, vested at 176.1% of the target award amount and were settled in shares of common stock pursuant to the award agreement terms.