Armes Joseph B 4

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.