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