[Form 4] CSW INDUSTRIALS, INC. Insider Trading Activity

Rhea-AI Filing Summary

Wang Fang, the VP, Chief Accounting Officer of CSW Industrials, Inc. (CSW), reported changes in her direct holdings. She received a grant of 316 restricted common shares priced at $0 under the company's 2024 Equity and Incentive Compensation Plan; those shares vest ratably over a three‑year period on each annual anniversary. The filing also shows a disposal of 105 shares at a price of $252.2 per share, leaving her with 3,035 shares directly beneficially owned after the transactions (up from 3,140 before the disposal).

Positive

• 316 restricted shares granted under the 2024 Equity and Incentive Compensation Plan, supporting long‑term alignment
• Restricted shares vest ratably over three years, encouraging retention

Negative

• Disposition of 105 shares at $252.2 reduced direct holdings to 3,035 shares

Insights

Corporate Governance Analyst

Insider received time‑based restricted shares and sold a small block of common stock.

The grant of 316 restricted shares under the 2024 Equity and Incentive Compensation Plan aligns the officer's pay with multi‑year retention by vesting ratably over three years, which typically supports alignment with long‑term shareholder interests.

The reported 105‑share disposition at $252.2 appears modest relative to total holdings and does not, on its face, indicate divestment of material exposure; it reduced direct holdings to 3,035 shares.

Executive Compensation Specialist

Grant is a standard restricted stock award with time‑based vesting to retain an officer.

The award's $0 purchase price and three‑year ratable vesting are typical for restricted stock grants designed to incentivize continued service rather than immediate cash compensation.

Because the filing discloses the vesting schedule explicitly, investors can track potential future vesting milestones tied to each annual anniversary.

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
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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^*

WANG FANG

(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)
	VP, Chief Accounting Officer

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		316	A(1)	$0	3,140	D
Common Stock	10/01/2025		F		105	D	$252.2	3,035	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 did the CSW insider filing for WANG FANG report?

The filing reports a grant of 316 restricted shares at $0 and a sale of 105 shares at $252.2, leaving 3,035 shares beneficially owned.

What is the vesting schedule for the restricted shares in the CSW Form 4?

The 316 restricted shares vest ratably over a three‑year period on each annual anniversary of the grant.

What is Wang Fang's role at CSW and how did it relate to the Form 4?

Wang Fang is listed as VP, Chief Accounting Officer, and the Form 4 reports her equity grant and a separate share disposal.

How many shares does Wang Fang own after the transactions reported on Form 4?

Following the reported transactions, she directly beneficially owns 3,035 shares.

Under which plan were the restricted shares granted?

The restricted shares were granted under the issuer's 2024 Equity and Incentive Compensation Plan.