Joseph B. Armes - Apr 2, 2025 Form 4 Insider Report for CSW INDUSTRIALS, INC. (CSWI)

Role
Chairman, President & CEO, Director
Signature
/s/Luke E. Alverson, Attorney in Fact
Stock symbol
CSWI
Transactions as of
Apr 2, 2025
Transactions value $
-$3,969,929
Form type
4
Date filed
4/4/2025, 05:07 PM
Previous filing
Mar 18, 2025
Next filing
Apr 16, 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 +18.7K +39.94% $0.00 65.6K Apr 2, 2025 Direct F1
transaction CSWI Common Stock Options Exercise $0 +15.4K +23.46% $0.00 80.9K Apr 2, 2025 Direct F2
transaction CSWI Common Stock Tax liability -$3.97M -13.4K -16.58% $295.91 67.5K Apr 2, 2025 Direct
holding CSWI Common Stock 3.14K Apr 2, 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 -9.19K -33.34% $0.00 18.4K Apr 2, 2025 Common Stock 9.19K Direct F1
transaction CSWI Performance Rights Options Exercise $0 -7.85K -100% $0.00 0 Apr 2, 2025 Common Stock 7.85K Direct F2
holding CSWI Performance Rights 12.4K Apr 2, 2025 Common Stock 12.4K Direct F3
holding CSWI Performance Rights 8.24K Apr 2, 2025 Common Stock 8.24K Direct F4
holding CSWI Restricted Stock Units 19.7K Apr 2, 2025 Common Stock 19.7K 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 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 beginning April 1, 2021 and 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. The 9,187 performance rights for the performance cycle ended March, 31, 2025, along with 169 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 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 108 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.
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 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.
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.