Don Sullivan - Apr 5, 2023 Form 4 Insider Report for CSW INDUSTRIALS, INC. (CSWI)

Role
EVP, GM Contractor Solutions
Signature
/s/Luke E. Alverson, Attorney in Fact
Stock symbol
CSWI
Transactions as of
Apr 5, 2023
Transactions value $
-$389,004
Form type
4
Date filed
4/6/2023, 04:53 PM
Previous filing
Oct 4, 2022
Next filing
May 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSWI Common Stock Options Exercise $0 +7.08K +22.35% $0.00 38.8K Apr 5, 2023 Direct
transaction CSWI Common Stock Tax liability -$389K -2.8K -7.22% $138.93 36K Apr 5, 2023 Direct

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 -3.95K -38.14% $0.00 6.4K Apr 5, 2023 Common Stock 3.95K Direct F1
* 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, 2023 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 76 dividend equivalent units, vested at 176.1% of the target award amount and were settled in shares of common stock pursuant to the award agreement terms.