Joseph B. Armes - Aug 7, 2023 Form 4 Insider Report for CSW INDUSTRIALS, INC. (CSWI)

Signature
/s/ Luke Alverson, Attorney in Fact
Stock symbol
CSWI
Transactions as of
Aug 7, 2023
Transactions value $
-$1,468,320
Form type
4
Date filed
8/8/2023, 05:02 PM
Previous filing
Jul 18, 2023
Next filing
Aug 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSWI Common Stock Gift $0 -653 -1.05% $0.00 61.4K Aug 7, 2023 Direct F1
transaction CSWI Common Stock Sale -$1.47M -8K -13.02% $183.54 53.4K Aug 7, 2023 Direct F2
holding CSWI Common Stock 1.5K Aug 7, 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 Performance Rights 27.6K Aug 7, 2023 Common Stock 27.6K Direct F3
holding CSWI Restricted Stock Units 19.7K Aug 7, 2023 Common Stock 19.7K Direct F4
holding CSWI Performance Rights 26.2K Aug 7, 2023 Common Stock 26.2K Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares donated by the Reporting Person to a charitable donor advised fund.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $183.43 to $183.64, 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 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.
F4 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.
F5 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, 2024, 2025 and 2026 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.