Don Sullivan - Apr 3, 2024 Form 4 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 3, 2024
Transactions value $
-$564,725
Form type
4
Date filed
4/4/2024, 04:23 PM
Previous filing
Mar 15, 2024
Next filing
May 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSWI Common Stock Options Exercise $0 +6.16K +21.29% $0.00 35.1K Apr 3, 2024 Direct
transaction CSWI Common Stock Tax liability -$565K -2.44K -6.93% $231.92 32.7K Apr 3, 2024 Direct
holding CSWI Common Stock 1.71K Apr 3, 2024 by ESOP

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 -3.03K -100% $0.00* 0 Apr 3, 2024 Common Stock 3.03K Direct F1
holding CSWI Performance Rights 3.37K Apr 3, 2024 Common Stock 3.37K Direct F2
holding CSWI Performance Rights 3.04K Apr 3, 2024 Common Stock 3.04K Direct F3
* 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, 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, along with 53 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.
F2 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 beginning on April 1, 2022 and ending on March 31, 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.
F3 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 beginning on April 1, 2023 and ending on March 31, 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.