James E. Perry - 02 Apr 2025 Form 4 Insider Report for CSW INDUSTRIALS, INC. (CSWI)

Role: EVP, CFO
Signature: /s/Luke E. Alverson, Attorney in Fact
Issuer symbol: CSWI
Transactions as of: 02 Apr 2025
Net transactions value: -$699,827
Form type: 4
Filing time: 04 Apr 2025, 17:07:00 UTC
Previous filing: 01 Apr 2025
Next filing: 02 May 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	+5,986	+26%	$0.000000	29,123	02 Apr 2025	Direct	F1
transaction	CSWI	Common Stock	Tax liability	$699,827	-2,365	-8.1%	$295.91	26,758	02 Apr 2025	Direct
holding	CSWI	Common Stock						452	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	-2,948	-100%	$0.000000	0	02 Apr 2025	Common Stock	2,948		Direct	F1
holding	CSWI	Performance Rights						3,037	02 Apr 2025	Common Stock	3,037		Direct	F2
holding	CSWI	Performance Rights						1,866	02 Apr 2025	Common Stock	1,866		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 45 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.