Armes Joseph B 4
4 · CSW INDUSTRIALS, INC. · Filed Apr 28, 2026
Research Summary
AI-generated summary of this filing
CSW Industrials CEO Joseph Armes Sells 12,394 Shares
What Happened
Joseph B. Armes, Chairman, President & CEO (and Director) of CSW Industrials, disposed of 12,394 shares on April 26, 2026 to satisfy a tax/payment obligation. The shares were valued at $296.18 each, for a total of $3,670,855. This disposition is coded as F (payment of exercise price or tax liability), meaning shares were withheld/surrendered to cover taxes rather than a typical open-market sale.
Key Details
- Transaction date: April 26, 2026; Filing date: April 28, 2026 (timely filing).
- Amount: 12,394 shares disposed at $296.18 per share; total value ~$3,670,855.
- Transaction code: F — payment of exercise price or tax liability (withholding/surrender).
- Shares owned after the transaction: not disclosed in the provided filing.
- Footnotes in the filing (F1–F4) describe performance rights and restricted stock units with multi‑year TSR-based vesting and CEO‑succession related RSU vesting; awards may be settled in cash or stock.
Context
An F-coded transaction typically reflects tax withholding or share surrender associated with vesting/exercise of awards and does not necessarily indicate a personal decision to liquidate holdings. The filing’s footnotes indicate the underlying awards include performance rights (TSR‑based over multi‑year cycles) and RSUs tied to CEO succession, which can be settled in cash or shares.
Insider Transaction Report
- Tax Payment
Common Stock
2026-04-26$296.18/sh−12,394$3,670,855→ 72,100 total
- 3,219(indirect: by ESOP)
Common Stock
- 8,004
Performance Rights
[F1]→ Common Stock (8,004 underlying) - 8,236
Performance Rights
[F2]→ Common Stock (8,236 underlying) - 9,186
Performance Rights
[F3]→ Common Stock (9,186 underlying) - 19,685
Restricted Stock Units
[F4]→ Common Stock (19,685 underlying)
Footnotes (4)
- [F1]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, 2025, and ending on March 31, 2028, 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.
- [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, 2024, and ending on March 31, 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.
- [F3]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 performance cycle beginning April 1, 2021 and ending on March 31, 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.
- [F4]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.