CSW Industrials officer exercises performance rights
Rhea-AI Filing Summary
CSW Industrials, Inc. SVP and Chief People Officer Danielle Garde exercised performance-based equity awards and received common stock. She exercised 1,639 performance rights that each converted into one share of common stock, with the awards vesting at 190.7% of the target amount after a three-year performance cycle ending on March 31, 2026 based on relative total shareholder return versus the Russell 2000 Index.
The transaction delivered 3,172 shares of common stock at an exercise price of $0.00 per share, of which 1,264 shares were withheld at $260.34 per share to cover tax obligations rather than sold in the open market. Following these events, Garde directly holds 5,690 shares of common stock and has an additional 92 shares held indirectly through an ESOP account.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,908 shares
Net Buy
4 txns
Insider
Garde Danielle
Role
SVP, Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Rights | 1,639 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,172 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,264 | $260.34 | $329K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Rights — 0 shares (Direct);
Common Stock — 5,690 shares (Direct);
Common Stock — 92 shares (Indirect, by ESOP)
Footnotes (1)
- F1. Each performance right represented a contingent right to receive one share of the issuer's common stock at vesting. The performance rights vested at a rate between 0% and 200% during a three-year performance cycle 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, along with 24 dividend equivalent units, vested at 190.7% of the target award amount and were settled in shares of common stock pursuant to the award agreement terms.
Key Figures
Performance rights exercised: 1,639 rights
Common shares received: 3,172 shares
Tax withholding shares: 1,264 shares
+5 more
8 metrics
Performance rights exercised
1,639 rights
Each right converted into one share of common stock
Common shares received
3,172 shares
Shares of CSW Industrials common stock delivered upon vesting
Tax withholding shares
1,264 shares
Shares withheld to satisfy tax obligations at vesting
Tax withholding price
$260.34 per share
Value applied to shares withheld for tax obligations
Direct holdings after transaction
5,690 shares
CSW Industrials common stock held directly by Danielle Garde
Indirect ESOP holdings
92 shares
Common stock held indirectly through an ESOP account
Vesting percentage
190.7%
Performance rights payout relative to target award
Dividend equivalent units
24 units
Settled alongside performance rights in common stock
Key Terms
Performance Rights, dividend equivalent units, relative total shareholder return, Russell 2000 Index, +1 more
5 terms
Performance Rights financial
"Each performance right represented a contingent right to receive one share of the issuer's common stock at vesting."
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.
dividend equivalent units financial
"The performance rights, along with 24 dividend equivalent units, vested at 190.7% of the target award amount."
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
Russell 2000 Index financial
"in comparison to the 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.
ESOP financial
"Common Stock holding entry shows 92.0000 shares with nature_of_ownership noted as by ESOP."
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
FAQ
What insider transaction did CSW (CSW) report for Danielle Garde?
CSW Industrials reported that SVP and Chief People Officer Danielle Garde exercised performance rights into common stock. The transaction converted equity awards into 3,172 shares, reflecting long-term incentive compensation rather than an open-market stock purchase.
What are performance rights in the CSW Industrials filing for Danielle Garde?
Each performance right represented a contingent right to receive one CSW Industrials common share at vesting. The number ultimately delivered depended on three-year relative total shareholder return versus the Russell 2000 Index, with this grant vesting at 190.7% of its target.
What performance period applied to Danielle Garde’s CSW performance rights?
The performance rights vested over a three-year performance cycle ending on March 31, 2026. Vesting was based on CSW Industrials’ relative total shareholder return compared with companies in the Russell 2000 Index, leading to a 190.7% payout of the target award.
AI-generated analysis. How Rhea-AI works. Not financial advice.
