CSW INDUSTRIALS (CSW) CEO sells 1,500 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CSW INDUSTRIALS, INC. Chairman, President & CEO Joseph B. Armes sold 1,500 shares of common stock in an open-market transaction at a weighted average price of $270.11 per share. The sale was executed under a pre-arranged Rule 10b5-1 trading plan.
Following the sale, Armes directly holds 59,526 common shares and indirectly holds 3,219 shares through an ESOP. He also retains multiple performance-rights awards and 19,685 restricted stock units that can settle in cash or common stock based on future vesting conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,500 shares ($405,165)
Net Sell
7 txns
Insider
Armes Joseph B
Role
Chairman, President & CEO
Sold
1,500 shs ($405K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,500 | $270.11 | $405K |
| holding | Performance Rights | -- | -- | -- |
| holding | Performance Rights | -- | -- | -- |
| holding | Performance Rights | -- | -- | -- |
| holding | Performance Rights | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 59,526 shares (Direct);
Performance Rights — 8,004 shares (Direct);
Restricted Stock Units — 19,685 shares (Direct);
Common Stock — 3,219 shares (Indirect, by ESOP)
Footnotes (1)
- The transaction reported was effected pursuant to a 10b5-1 trading plan established by the reporting person on August 12, 2025. The price reported is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $270.00 to $270.50, 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 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, 2025, and ending on March 31, 2028, 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 beginning on April 1, 2024, and ending on March 31, 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 beginning on April 1, 2023, and ending on March 31, 2026, 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 in two equal amounts, at a rate between 0% and 200%, during two performance cycles ending on each of March 31, 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 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 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.
FAQ
What insider transaction did CSW (CSW) report for Joseph B. Armes?
CSW INDUSTRIALS reported that Chairman, President & CEO Joseph B. Armes sold 1,500 common shares in an open-market transaction. The weighted average sale price was $270.11 per share, with trades occurring between $270.00 and $270.50.
Was the CSW (CSW) insider sale by Joseph B. Armes pre-planned?
Yes. The sale by Joseph B. Armes was carried out under a Rule 10b5-1 trading plan. This plan was established on August 12, 2025, indicating the transaction followed a pre-arranged schedule rather than being made on a discretionary basis.
What equity awards linked to CSW (CSW) common stock does Joseph B. Armes retain?
Joseph B. Armes holds several performance-rights awards and 19,685 restricted stock units tied to CSW INDUSTRIALS common stock. These awards vest over multi-year performance or service periods and may be settled in either cash or shares at the company’s discretion.
How are CSW (CSW) performance rights for Joseph B. Armes structured?
Each performance right represents a contingent right to one CSW INDUSTRIALS share. Vesting ranges from 0% to 200% over three-year cycles, based on relative total shareholder return versus the Russell 2000 Index, with settlement possible in cash or common stock.
What conditions affect vesting of CSW (CSW) restricted stock units for Joseph B. Armes?
Each restricted stock unit represents a contingent right to one CSW INDUSTRIALS share. 40% of the units vest upon successful recruitment and hiring of a successor CEO, and the remaining 60% vest upon that successor CEO’s first employment anniversary.