CSW Form 4: Underwood Granted 1,212 Shares, Sold 470 at $252.2

Rhea-AI Filing Summary

Jeff Underwood, SVP and GM, Contractor Solutions at CSW Industrials, Inc. (CSW), reported insider transactions dated 10/01/2025. He was granted 1,212 restricted shares under the company’s 2024 Equity and Incentive Compensation Plan at a grant price of $0, increasing his direct holdings to 6,693 shares. The restricted shares vest ratably over three years on each annual anniversary of the grant. The filing also reports a sale of 470 shares on the same date for $252.2 per share, reducing his direct holdings to 6,223 shares. The Form 4 is signed on behalf of the reporting person by an attorney-in-fact on 10/03/2025.

Positive

• 1,212 restricted shares granted under the 2024 Equity and Incentive Compensation Plan, aligning executive compensation with long-term performance
• Vesting over three years promotes retention and continued alignment with shareholders

Negative

• 470 shares sold on 10/01/2025, reducing direct ownership from 6,693 to 6,223 shares
• Filing does not state whether the 470-share sale was part of a pre-arranged trading plan or for other purposes

Insights

Corporate Governance Specialist

Grant and sale reflect routine executive compensation and partial monetization.

The 1,212 restricted-share grant under the 2024 Equity and Incentive Compensation Plan is a standard long-term compensation instrument that vests over three years, aligning the officer’s interests with shareholders over time.

The reported sale of 470 shares at $252.2 per share on the same date appears to be a separate disposition that lowered direct holdings from 6,693 to 6,223 shares; the filing does not disclose whether the sale was pre-arranged under a trading plan.

Executive Compensation Analyst

Restricted shares indicate retention incentive; vesting schedule is material to pay realization timing.

The award vests ratably each year over three years, meaning roughly one-third of the 1,212 shares become unrestricted annually, which stages potential future increases in liquid holdings.

The Form 4 explicitly states the grant price as $0 (restricted stock grant) and includes a simultaneous sale of 470 shares; the document contains no further detail on tax-withholding or net-share settlement.

SEC Form 4

FORM 4

UNITED 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).

1. Name and Address of Reporting Person^*

UNDERWOOD JEFF

(Last) (First) (Middle)

5420 LYNDON B. JOHNSON FWY., SUITE 500

(Street)

DALLAS TX 75240

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CSW INDUSTRIALS, INC. [ CSW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, GM Contractor Solutions

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/01/2025		A		1,212	A(1)	$0	6,693	D
Common Stock	10/01/2025		F		470	D	$252.2	6,223	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of restricted common stock granted to the reporting person pursuant to the issuer's 2024 Equity and Incentive Compensation Plan. The shares vest ratably over a three-year period on each annual anniversary of the grant.

Remarks:

	/s/Luke E. Alverson, Attorney in Fact	10/03/2025
	** Signature of Reporting Person	Date
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.

FAQ

What insider transactions did CSW insider Jeff Underwood report on 10/01/2025?

The Form 4 reports a grant of 1,212 restricted shares at $0 and a sale of 470 shares at $252.2 per share, changing his direct holdings to 6,223 shares.

How do the restricted shares granted to Jeff Underwood vest?

The 1,212 restricted shares vest ratably over three years on each annual anniversary of the grant.

Who filed or signed the Form 4 for Jeff Underwood?

The Form 4 is signed by Luke E. Alverson, Attorney in Fact on 10/03/2025 on behalf of the reporting person.

What is the reporting person’s role at CSW?

The reporting person, Jeff Underwood, is reported as an Officer with title SVP, GM Contractor Solutions.

Did the Form 4 disclose any derivative transactions?

No. Table II for derivative securities contains no reported transactions in this filing.