CSW Industrials (CSW) awards 1,049 performance rights to senior executive

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.

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	--

Holdings After Transaction: Performance Rights — 1,049 shares (Direct, null)

Footnotes (1)

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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.

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

"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"

Form 4 Insider Transactions: What Each Field Means →

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).

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^*

Alverson Luke

(Last) (First) (Middle)

5420 LBJ FREEWAY

SUITE 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, GC & Secretary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026

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

X	Form 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)
			Code	V	Amount	(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Rights	(1)	05/06/2026		A		1,049		(1)	(1)	Common Stock	1,049	$0	1,049	D

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	05/07/2026
	** 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.
* Form 4: SEC 1474 (03-26)

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.