Joseph B. Armes - 03 Oct 2022 Form 4 Insider Report for CSW INDUSTRIALS, INC. (CSWI)

Role: Chairman, President & CEO, Director
Signature: /s/Luke E. Alverson, Attorney in Fact
Issuer symbol: CSWI
Transactions as of: 03 Oct 2022
Net transactions value: -$523,885
Form type: 4
Filing time: 04 Oct 2022, 16:07:17 UTC
Previous filing: 15 Sep 2022
Next filing: 19 Oct 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CSWI	Common Stock	Award	$0	+8,629	+15%	$0.000000	65,549	03 Oct 2022	Direct	F1
transaction	CSWI	Common Stock	Tax liability	$523,885	-4,373	-6.7%	$119.80	61,176	03 Oct 2022	Direct
holding	CSWI	Common Stock						1,500	03 Oct 2022	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	Restricted Stock Units						19,685	03 Oct 2022	Common Stock	19,685		Direct	F2
holding	CSWI	Performance Rights						27,559	03 Oct 2022	Common Stock	27,559		Direct	F3
holding	CSWI	Performance Rights						26,068	03 Oct 2022	Common Stock	26,068		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of restricted common stock granted to the reporting person pursuant to the issuer's Equity and Incentive Compensation Plan. The shares vest ratably over a three-year period on each annual anniversary of the grant.
F2	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.
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 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, 2023, 2024 and 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.