0001624794-21-000068.txt : 20210817
0001624794-21-000068.hdr.sgml : 20210817
20210817163559
ACCESSION NUMBER: 0001624794-21-000068
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210816
FILED AS OF DATE: 20210817
DATE AS OF CHANGE: 20210817
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Armes Joseph B
CENTRAL INDEX KEY: 0001413614
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37454
FILM NUMBER: 211183201
MAIL ADDRESS:
STREET 1: 5420 LYNDON B, JOHNSON FREEWAY
STREET 2: SUITE 500
CITY: DALLAS
STATE: TX
ZIP: 75240
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CSW INDUSTRIALS, INC.
CENTRAL INDEX KEY: 0001624794
STANDARD INDUSTRIAL CLASSIFICATION: ADHESIVES & SEALANTS [2891]
IRS NUMBER: 472266942
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0331
BUSINESS ADDRESS:
STREET 1: 5420 LYNDON B. JOHNSON FREEWAY
STREET 2: SUITE 500
CITY: DALLAS
STATE: TX
ZIP: 75240
BUSINESS PHONE: (214) 884-3777
MAIL ADDRESS:
STREET 1: 5420 LYNDON B. JOHNSON FREEWAY
STREET 2: SUITE 500
CITY: DALLAS
STATE: TX
ZIP: 75240
FORMER COMPANY:
FORMER CONFORMED NAME: CSWC Newco Corp.
DATE OF NAME CHANGE: 20141110
4
1
wf-form4_162923253390395.xml
FORM 4
X0306
4
2021-08-16
0
0001624794
CSW INDUSTRIALS, INC.
CSWI
0001413614
Armes Joseph B
5420 LYNDON B JOHNSON FWY
STE. 500
DALLAS
TX
75240-1007
1
1
0
0
Chairman, President & CEO
Common Stock
2021-08-16
4
M
0
16000
25.23
A
96481
D
Common Stock
2021-08-16
4
S
0
13910
129.56
D
82571
D
Common Stock
2021-08-16
4
S
0
2090
130.39
D
80481
D
Common Stock
2021-08-16
4
M
0
5000
25.23
A
85481
D
Common Stock
2021-08-16
4
G
0
5000
0
D
80481
D
Common Stock
2021-08-16
4
S
0
17550
129.54
D
62931
D
Common Stock
2021-08-16
4
S
0
200
128.35
D
62731
D
Common Stock
9502
I
JBA Family Partners, L.P.
Option (right to buy)
25.23
2021-08-16
4
M
0
16000
0
D
2015-12-30
2024-08-28
Common Stock
16000.0
47413
D
Option (right to buy)
25.23
2021-08-16
4
M
0
5000
0
D
2015-12-30
2024-08-28
Common Stock
5000.0
42413
D
Restricted Stock Units
Common Stock
19685.0
19685
D
Performance Rights
Common Stock
27559.0
27559
D
Performance Rights
Common Stock
31860.0
31860
D
Reflects the broker-assisted cashless exercise and sale of non qualified stock options.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.05 to $130.01, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $130.15 to $130.72, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
Reflects the exercise of non qualified stock options and retention of the underlying shares, through which the reporting person remitted cash to the issuer in satisfaction of the exercise price.
Represents shares donated by the Reporting Person to a charitable donor advised fund.
The transaction reported includes the sale of 1,800 shares of common stock effected pursuant to a 10b5-1 trading plan established by the reporting person on August 15, 2019.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.10 to $129.98, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
The transaction reported was effected pursuant to a 10b5-1 trading plan established by the reporting person on August 15, 2019.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.18 to $128.51, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
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.
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.
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, 2022, 2023 and 2024 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.
/s/Luke E. Alverson, Attorney in Fact
2021-08-17