Branning Greggory W 4
4 · CSW INDUSTRIALS, INC. · Filed Apr 6, 2020
Insider Transaction Report
Form 4
Branning Greggory W
EVP, CFO
Transactions
- Award
Performance Rights
2020-04-03+3,869→ 18,343 total→ Common Stock (3,869 underlying) - Exercise/Conversion
Common Stock
2020-04-06+11,152→ 33,128.715 total - Tax Payment
Common Stock
2020-04-06$59.34/sh−4,401$261,155→ 28,727.715 total - Exercise/Conversion
Performance Rights
2020-04-06−5,531→ 12,812 total→ Common Stock (5,531 underlying)
Footnotes (2)
- [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, 2020 and ending on March 31, 2023 based on the issuer's relative 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 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 each of March 31, 2020 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.