CSWI Form 4: Director Darron Ash receives 495 restricted CSW shares

Rhea-AI Filing Summary

A Form 4 filing reports that Darron K. Ash, a director of CSW Industrials, Inc. (CSW / CSWI), was granted 495 shares of restricted common stock on 08/28/2025. The shares were issued at no cash price ($0) and are subject to a cliff vesting schedule that vests on the earlier of the first anniversary of the grant or the company’s 2026 annual meeting of shareholders. After the grant, Mr. Ash beneficially owns 855 shares of common stock, held directly. The filing was signed by an attorney-in-fact, Luke E. Alverson, on 09/02/2025. The grant was made under the issuer’s Equity and Incentive Compensation Plan and is recorded as a non-derivative equity award.

Positive

• Alignment with shareholders: Restricted shares vest over time, aligning the director’s interests with long-term shareholder value
• Standard governance practice: Grant administered under the issuer’s Equity and Incentive Compensation Plan, indicating formal compensation governance

Negative

• Modest ownership: Post-grant direct beneficial ownership (855 shares) is small in isolation and unlikely to materially influence governance or capital structure

Insights

Corporate Governance Expert

TL;DR: Director received a standard restricted stock grant with cliff vesting, aligning long-term interests with shareholders.

The award of 495 restricted shares at $0 is typical compensation for board service and is governed by the company’s equity plan. Cliff vesting to the earlier of one year or the 2026 annual meeting creates a retention incentive through a defined short-to-medium term horizon. The incremental post-grant direct ownership of 855 shares remains modest in absolute terms, suggesting limited direct ownership concentration by this director. There are no disclosed derivative instruments or cash transactions tied to this filing, and no indications of unusual timing or related-party sales.

Securities/Compensation Analyst

TL;DR: This is a routine equity award under the company plan; materiality to investors is low absent larger ownership stakes.

The grant’s structure—restricted common stock with cliff vesting and $0 purchase price—matches customary non-qualified awards to align service with shareholder value. The filing shows a single non-derivative transaction increasing direct beneficial ownership to 855 shares; without additional context on total outstanding shares or aggregate director holdings, the grant appears routine and not materially dilutive. No exercise prices, options, or disposals were reported.

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
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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^*

Ash Darron K

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/28/2025

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	08/28/2025		A		495(1)	A	$0	855	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 Equity and Incentive Compensation Plan. The shares cliff vest on the earlier of (i) the first anniversary of the grant or (ii) the date of the issuer's 2026 annual meeting of shareholders.

Remarks:

	/s/Luke E. Alverson, Attorney in Fact	09/02/2025
	** 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 CSWI director Darron Ash receive on 08/28/2025?

He was granted 495 shares of restricted common stock on 08/28/2025 at a $0 price under the company’s Equity and Incentive Compensation Plan.

When do the restricted shares granted to the CSWI director vest?

The shares cliff vest on the earlier of the first anniversary of the grant or the 2026 annual meeting of shareholders.

How many CSWI shares does the reporting person own after the transaction?

The reporting person beneficially owns 855 shares of CSW Industrials common stock following the reported transaction.

Was any cash exchanged for the restricted shares in the Form 4?

No cash was paid; the transaction lists a price of $0 for the restricted shares.

Who signed the Form 4 for this CSWI filing?

The Form 4 was signed by Luke E. Alverson, Attorney in Fact, on 09/02/2025.