Jeff Underwood - 03 Apr 2024 Form 4 Insider Report for CSW INDUSTRIALS, INC. (CSWI)

Role: SVP, GM Contractor Solutions
Signature: /s/Luke E. Alverson, Attorney in Fact
Issuer symbol: CSWI
Transactions as of: 03 Apr 2024
Net transactions value: -$293,379
Form type: 4
Filing time: 04 Apr 2024, 16:28:42 UTC
Previous filing: 01 Apr 2024
Next filing: 30 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CSWI	Common Stock	Options Exercise	$0	+3,166	+131%	$0.000000	5,586	03 Apr 2024	Direct
transaction	CSWI	Common Stock	Tax liability	$293,379	-1,265	-23%	$231.92	4,321	03 Apr 2024	Direct
holding	CSWI	Common Stock						840	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	-1,553	-100%	$0.000000^*	0	03 Apr 2024	Common Stock	1,553		Direct	F1
holding	CSWI	Performance Rights						843	03 Apr 2024	Common Stock	843		Direct	F2
holding	CSWI	Performance Rights						1,097	03 Apr 2024	Common Stock	1,097		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 30 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.