Joseph B. Armes - 03 Apr 2024 Form 4 Insider Report for CSW INDUSTRIALS, INC. (CSWI)

Signature
/s/Luke E. Alverson, Attorney in Fact
Issuer symbol
CSWI
Transactions as of
03 Apr 2024
Net transactions value
-$1,141,046
Form type
4
Filing time
04 Apr 2024, 16:24:56 UTC
Previous filing
18 Mar 2024
Next filing
18 Apr 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSWI Common Stock Options Exercise $0 +12,502 +25% $0.000000 62,499 03 Apr 2024 Direct
transaction CSWI Common Stock Tax liability $1,141,046 -4,920 -7.9% $231.92 57,579 03 Apr 2024 Direct
holding CSWI Common Stock 1,500 03 Apr 2024 JBA Family Partners, L.P.
holding CSWI Common Stock 3,045 03 Apr 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 -6,154 -100% $0.000000* 0 03 Apr 2024 Common Stock 6,154 Direct F1
holding CSWI Performance Rights 7,851 03 Apr 2024 Common Stock 7,851 Direct F2
holding CSWI Performance Rights 12,422 03 Apr 2024 Common Stock 12,422 Direct F3
holding CSWI Performance Rights 27,559 03 Apr 2024 Common Stock 27,559 Direct F4
holding CSWI Restricted Stock Units 19,685 03 Apr 2024 Common Stock 19,685 Direct F5
* 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 97 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.
F4 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.
F5 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.