Don Sullivan - 02 Apr 2025 Form 4 Insider Report for CSW INDUSTRIALS, INC. (CSWI)

Role
EVP, Chief Strategy Officer
Signature
/s/Luke E. Alverson, Attorney in Fact
Issuer symbol
CSWI
Transactions as of
02 Apr 2025
Net transactions value
-$798,957
Form type
4
Filing time
04 Apr 2025, 17:05:26 UTC
Previous filing
18 Mar 2025
Next filing
16 Apr 2025
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 +6,836 +28% $0.000000 31,689 02 Apr 2025 Direct F1
transaction CSWI Common Stock Tax liability $798,957 -2,700 -8.5% $295.91 28,989 02 Apr 2025 Direct
holding CSWI Common Stock 1,803 02 Apr 2025 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 -3,369 -100% $0.000000 0 02 Apr 2025 Common Stock 3,369 Direct F1
holding CSWI Performance Rights 3,037 02 Apr 2025 Common Stock 3,037 Direct F2
holding CSWI Performance Rights 1,790 02 Apr 2025 Common Stock 1,790 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, 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, along with 49 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, 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.
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, 2024 and ending on March 31, 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.