CSW Industrials SVP granted 1,049 performance rights
Rhea-AI Filing Summary
Alverson Luke reported acquisition or exercise transactions in this Form 4 filing.
CSW Industrials, Inc. reported that SVP, GC & Secretary Luke Alverson received a grant of 1,049 performance rights on common stock. Each performance right is a contingent right to receive one share of common stock at vesting.
The award vests over a three-year performance cycle from April 1, 2026 to March 31, 2029. The final payout can range from 0% to 200% of the target amount based on the company’s relative total shareholder return compared with the Russell 2000 Index. The company may settle the award in cash or in shares of common stock. Following this grant, Alverson holds 1,049 performance rights directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Alverson Luke
Role
SVP, GC & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 1,049 | $0.00 | $0.00 |
Holdings After Transaction:
Performance Rights — 1,049 shares (Direct)
Footnotes (1)
- F1. 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.
Key Figures
Performance rights granted: 1,049 performance rights
Underlying common shares: 1,049 shares
Performance cycle: April 1, 2026 to March 31, 2029
+2 more
5 metrics
Performance rights granted
1,049 performance rights
Grant on May 6, 2026
Underlying common shares
1,049 shares
Each performance right equals one share at vesting
Performance cycle
April 1, 2026 to March 31, 2029
Three-year vesting performance period
Payout range
0% to 200% of target
Based on relative total shareholder return vs Russell 2000 Index
Total performance rights held
1,049 performance rights
Direct holdings after the reported grant
Key Terms
Performance rights, relative total shareholder return, Russell 2000 Index, contingent right
4 terms
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.
Russell 2000 Index financial
"total shareholder return performance among the Russell 2000 Index over the performance cycle"
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.
contingent right financial
"Each performance right represents a contingent right to receive one share"
FAQ
What did CSW Industrials (CSW) report for Luke Alverson in this Form 4?
Luke Alverson received a grant of 1,049 performance rights tied to CSW Industrials common stock. These rights are part of equity-based compensation and give a contingent claim to shares if specified performance goals are achieved over time.
How do the performance rights granted by CSW Industrials (CSW) vest?
The performance rights vest over a three-year performance cycle from April 1, 2026 to March 31, 2029. Vesting depends on meeting performance conditions rather than simple continued employment, linking compensation to long-term company results.
What performance metric determines the payout of CSW Industrials (CSW) performance rights?
Payout is based on relative total shareholder return compared with the Russell 2000 Index. The company’s shareholder return over the performance cycle is ranked against this index to decide how many rights ultimately vest and are settled.
What is the possible payout range for the CSW Industrials (CSW) performance rights grant?
The award can vest between 0% and 200% of the target number of performance rights. If performance is below thresholds, none may vest; if performance is strong versus the Russell 2000 Index, up to double the target can vest.
How can CSW Industrials (CSW) settle these performance rights at vesting?
CSW Industrials may settle the performance rights in cash or in shares of common stock, at its discretion. Each vested performance right corresponds to one share equivalent, but the actual settlement form depends on the company’s chosen method.
How many performance rights does Luke Alverson hold after this CSW Industrials (CSW) grant?
After this transaction, Luke Alverson directly holds 1,049 performance rights. Each right represents a contingent claim to one share of CSW Industrials common stock, subject to the three-year performance conditions and potential 0% to 200% vesting outcome.
AI-generated analysis. How Rhea-AI works. Not financial advice.
