0001624794-22-000020.txt : 20220406
0001624794-22-000020.hdr.sgml : 20220406
20220406164455
ACCESSION NUMBER: 0001624794-22-000020
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220406
FILED AS OF DATE: 20220406
DATE AS OF CHANGE: 20220406
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Armes Joseph B
CENTRAL INDEX KEY: 0001413614
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37454
FILM NUMBER: 22811056
MAIL ADDRESS:
STREET 1: 5420 LYNDON B, JOHNSON FREEWAY
STREET 2: SUITE 500
CITY: DALLAS
STATE: TX
ZIP: 75240
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CSW INDUSTRIALS, INC.
CENTRAL INDEX KEY: 0001624794
STANDARD INDUSTRIAL CLASSIFICATION: ADHESIVES & SEALANTS [2891]
IRS NUMBER: 472266942
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0331
BUSINESS ADDRESS:
STREET 1: 5420 LYNDON B. JOHNSON FREEWAY
STREET 2: SUITE 500
CITY: DALLAS
STATE: TX
ZIP: 75240
BUSINESS PHONE: (214) 884-3777
MAIL ADDRESS:
STREET 1: 5420 LYNDON B. JOHNSON FREEWAY
STREET 2: SUITE 500
CITY: DALLAS
STATE: TX
ZIP: 75240
FORMER COMPANY:
FORMER CONFORMED NAME: CSWC Newco Corp.
DATE OF NAME CHANGE: 20141110
4
1
wf-form4_164927786947229.xml
FORM 4
X0306
4
2022-04-06
0
0001624794
CSW INDUSTRIALS, INC.
CSWI
0001413614
Armes Joseph B
5420 LYNDON B JOHNSON FWY
STE. 500
DALLAS
TX
75240-1007
1
1
0
0
Chairman, President & CEO
Common Stock
2022-04-06
4
M
0
27286
0
A
83430
D
Common Stock
2022-04-06
4
F
0
10734
114.28
D
72696
D
Common Stock
8500
I
JBA Family Partners, L.P.
Performance Rights
2022-04-06
4
M
0
13373
0
D
Common Stock
13373.0
18487
D
Option (right to buy)
25.23
2015-12-30
2024-08-28
Common Stock
10800.0
10800
D
Restricted Stock Units
Common Stock
19685.0
19685
D
Performance Rights
Common Stock
27559.0
27559
D
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, 2022 based on the issuer's relative total shareholder return performance among the Russell 2000 Index over the performance cycle. The performance rights, along with dividend equivalent units, vested at 200% of the target award amount and were settled in shares of common stock pursuant to the award agreement terms.
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 no earlier than April 26, 2025 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.
Each performance right represents a contingent right to receive one share of the issuer's common stock at vesting. The performance rights vest in three equal amounts, at a rate between 0% and 200%, during three performance cycles ending on each of March 31, 2025, 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.
/s/Luke E. Alverson, Attorney in Fact
2022-04-06