Perry James E 4

What Happened

• James E. Perry, EVP and CFO of CSW Industrials (CSW), had performance-based rights convert into common stock on 2026-04-02. A total of 8,907 shares were issued on settlement (5,870 + 3,037 reported as conversions). To satisfy tax withholding, 2,321 shares were surrendered by Mr. Perry at a valuation of $260.34 per share, representing $604,249. Net shares delivered to him were 6,586 (8,907 issued minus 2,321 withheld).
• These were not open-market purchases or discretionary sales; they were settlement of performance awards rather than a market trade.

Key Details

• Transaction date: 2026-04-02; Form 4 filed: 2026-04-07.
• Conversions (code M): 5,870 shares acquired and 3,037 shares reported as conversions (total 8,907 shares settled).
• Tax withholding (code F): 2,321 shares surrendered at $260.34/share for $604,249.
• Net shares received: 6,586 shares.
• Footnote: The shares came from performance rights that vested at 190.7% of target for the three-year cycle ending March 31, 2026; settlement included 41 dividend equivalent units and was made in shares per the award agreement.
• Shares owned after the transaction: not specified in the summary data provided.
• No 10b5-1 plan or other trading plan was indicated in the provided filing text.

Context

• This was a settlement of performance awards (derivative conversion), not a market buy or discretionary sale. The surrender of shares labeled F is a common method to satisfy tax withholding obligations when awards vest (similar to a cashless net settlement), and does not necessarily signal a change in insider sentiment.
• Transaction codes: M = exercise/conversion of derivative (performance rights settled for shares); F = shares withheld to pay taxes.