Armes Joseph B 4
4 · CSW INDUSTRIALS, INC. · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
CSW CEO Joseph Armes Receives 9,836 Performance Rights
What Happened
- Joseph B. Armes, Chairman, President & CEO (and Director) of CSW Industrials, was awarded 9,836 performance rights on May 6, 2026.
- The award is a derivative grant (price $0.00) — each performance right is a contingent right to receive one share upon vesting; the grant itself has no cash cost to Armes at issuance.
Key Details
- Transaction date: 2026-05-06 (report filed 2026-05-07). Price: $0.00 per right. Quantity: 9,836 performance rights.
- Shares owned after the transaction: not specified in the provided filing.
- Footnote (applies to this grant): Each performance right vests between 0% and 250% over a three-year performance cycle beginning April 1, 2026 and ending March 31, 2029, based on CSW’s relative total shareholder return vs. the Russell 2000 Index; settlement may be in cash or shares. (See F1.)
- Filing timeliness: Reported the day after the transaction (appears timely).
Context
- Performance rights are contingent compensation tied to multi-year performance metrics; they do not represent immediate common-stock ownership and only convert to shares (or cash) if performance conditions are met.
- This is a grant/award (common executive comp), not an open-market purchase or sale, so it signals company compensation rather than a direct insider buy or sell.
Insider Transaction Report
Form 4
Armes Joseph B
DirectorChairman, President & CEO
Transactions
- Award
Performance Rights
[F1]2026-05-06+9,836→ 9,836 total→ Common Stock (9,836 underlying)
Holdings
- 72,100
Common Stock
- 3,219(indirect: by ESOP)
Common Stock
- 8,004
Performance Rights
[F2]→ Common Stock (8,004 underlying) - 8,236
Performance Rights
[F3]→ Common Stock (8,236 underlying) - 9,186
Performance Rights
[F4]→ Common Stock (9,186 underlying) - 19,685
Restricted Stock Units
[F5]→ Common Stock (19,685 underlying)
Footnotes (5)
- [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 250% during a three-year performance cycle beginning on April 1, 2026 and ending on March 31, 2029 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, 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.
- [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 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.
- [F4]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.
- [F5]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.
Signature
/s/ Luke E. Alverson, Attorney-in-Fact for Joseph B. Armes|2026-05-07