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CSW INDUSTRIALS, INC. — Director's Dealing 2021
Apr 7, 2021
31167_dirs_2021-04-07_cd21cefd-ae1e-41d6-bb18-b54326c5f7bc.zip
Director's Dealing
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SEC Form 4/A — Form 4/A
Issuer: CSW INDUSTRIALS, INC. (CSWI)
CIK: 0001624794
Period of Report: 2021-04-05
Reporting Person: Sullivan Don (SVP & GM, Ind. Products)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-04-05 | Common Stock | M | 4366 | — | Acquired | 25137 | Direct |
| 2021-04-05 | Common Stock | F | 1734 | $136.32 | Disposed | 23403 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-04-05 | Performance Rights | $ | A | 3029 | Acquired | Common Stock (3029.0) | Direct | |
| 2021-04-05 | Performance Rights | $ | M | 2147 | Disposed | Common Stock (2147.0) | Direct |
Footnotes
F1: This Amendment to Form 4 does not report a new transaction. This Amendment is being filed solely to correct an inadvertent mathematical error in the sum reported for the Amount of Securities Beneficially Owned following the transactions previously reported in the original Form 4 filed on April 6, 2021.
F2: 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, 2021 and ending on March 31, 2024 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.
F3: 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, 2021 based on the issuer's relative total shareholder return performance among the Russell 2000 Index over the performance cycle. The performance rights, along with accrued 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.