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CSW Industrials (CSW) awards CFO 1,808 performance-based rights

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Perry James E reported acquisition or exercise transactions in this Form 4 filing.

CSW Industrials EVP and CFO James E. Perry received a grant of 1,808 performance rights, each tied to one share of common stock. These awards vest between 0% and 200% over a three-year performance cycle from April 1, 2026 to March 31, 2029, based on relative total shareholder return versus the Russell 2000 Index. The company may settle the vested rights in cash or in shares at its discretion.

Positive

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Insider Perry James E
Role EVP, CFO
Type Security Shares Price Value
Grant/Award Performance Rights 1,808 $0.00 --
Holdings After Transaction: Performance Rights — 1,808 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Performance rights granted 1,808 performance rights Grant to EVP, CFO James E. Perry
Vesting range 0%–200% Payout range based on performance cycle results
Performance cycle start April 1, 2026 Beginning of three-year performance period
Performance cycle end March 31, 2029 End of three-year performance period
Underlying common shares 1,808 shares Each performance right equals one share at vesting
Performance Rights financial
"Each performance right represents a contingent right to receive one share"
Performance rights are conditional awards that give employees or executives the promise of receiving company shares or cash only if the business meets specific targets or survives for a set period. They work like a bonus you only get when certain goals are hit, so they matter to investors because they can increase the number of shares outstanding (dilution), signal management’s incentives and confidence in future results, and affect per-share earnings and valuation.
relative total shareholder return financial
"based on the issuer's relative total shareholder return in comparison"
Relative total shareholder return measures how much an investor’s gain from a company — including stock price changes and dividends — beats or lags a chosen benchmark or peer group over a set time. Think of it as a race: it shows whether the company outpaced rivals or the market, which helps investors and boards judge performance, compare returns fairly, and link results to pay or investment decisions.
Russell 2000 Index financial
"in comparison to the total shareholder return performance among the Russell 2000 Index"
A stock-market benchmark that tracks about 2,000 small-cap U.S. companies, the Russell 2000 gives a snapshot of how smaller publicly traded firms are performing. Investors use it like a thermometer or yardstick for the small-company segment of the market—funds and portfolio managers compare returns to it, and its movements can signal changes in economic risk appetite or growth expectations; it is weighted so larger small companies have a bigger influence on the index.
three-year performance cycle financial
"during a three-year performance cycle beginning on April 1, 2026"
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Perry James E

(Last)(First)(Middle)
5420 LBJ FREEWAY, STE 500

(Street)
DALLAS TEXAS 75240

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
CSW INDUSTRIALS, INC. [ CSW ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP, CFO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Performance Rights(1)05/06/2026A1,808 (1) (1)Common Stock1,808$01,808D
Explanation of Responses:
1. 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, 2026 and ending on March 31, 2029 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.
Remarks:
/s/Luke E. Alverson, Attorney-in-Fact for James E. Perry05/07/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did CSW (CSW) disclose about EVP and CFO James E. Perry in this Form 4?

CSW Industrials reported that EVP and CFO James E. Perry received 1,808 performance rights as compensation. Each right is linked to one share of common stock and vests over a future three-year performance period based on relative shareholder return.

How many performance rights were granted to the CSW (CSW) CFO?

James E. Perry was granted 1,808 performance rights. Each right represents a contingent claim on one share of CSW Industrials common stock, subject to future vesting conditions tied to performance over the specified three-year measurement period.

What performance metric determines vesting of CSW (CSW) performance rights?

Vesting depends on CSW Industrials’ relative total shareholder return compared with the Russell 2000 Index. The company’s performance over the three-year cycle directly influences how many of the 1,808 granted performance rights ultimately vest for the executive.

Over what period do the CSW (CSW) performance rights for the CFO vest?

The performance rights vest over a three-year performance cycle from April 1, 2026 through March 31, 2029. Results over this full period determine whether 0% to 200% of the granted units ultimately become earned by the executive.

Can CSW (CSW) settle the CFO’s performance rights in cash instead of stock?

Yes. CSW Industrials may choose to settle the vested performance rights either in cash or in shares of common stock. The company retains this discretion at settlement, even though each right is measured by reference to one share.

Are the CSW (CSW) CFO’s 1,808 performance rights immediately owned shares?

No. The 1,808 performance rights are contingent awards, not currently owned shares. They only convert into value if performance conditions are met during the three-year measurement period, and may result in fewer or more shares depending on outcomes.