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CSW INDUSTRIALS, INC.·4

Apr 7, 5:30 PM ET

Alverson Luke 4

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CSW INDUSTRIALS SVP Luke Alverson Exercises Awards, Sells Shares

What Happened
Luke Alverson, SVP, General Counsel & Secretary of CSW Industrials (CSW), had performance-based awards vest and be settled in shares. The filing reports the acquisition of 3,347 shares from vested performance rights (no cash exercise price). To cover tax withholding, 1,333 of those shares were surrendered (valued at $260.34 each, $347,033). Separately, 1,007 shares were sold in the open market on a 10b5-1 plan for a weighted average proceeds of $266.11 per share ($267,973). The filing also shows a 1,731-share derivative conversion/disposition entry (reported as exercise/conversion).

Key Details

  • Transaction dates: primary activity on 2026-04-02 (performance rights settlement and tax withholding); open-market sale reported on 2026-04-07. Filing date: 2026-04-07.
  • Prices/values: tax-surrender 1,333 shares @ $260.34 = $347,033; open-market sale 1,007 shares @ weighted avg $266.11 = $267,973. Sale prices ranged $264.05–$268.8369 (weighted avg reported).
  • Shares acquired via award: 3,347 performance-right-settled shares (vested at 190.7% of target per footnote).
  • Shares disposed: 1,333 surrendered for tax withholding; 1,007 sold under a 10b5-1 trading plan; a 1,731-share derivative conversion/disposition is also reported.
  • Footnotes: F1 (performance rights vested at 190.7% of target and were settled in shares, plus 24 dividend equivalents); F2 (open-market sale under a 10b5-1 plan established 12/01/2025); F3 (sale price is weighted avg; multiple trade prices in range).
  • Shares owned after transaction: not specified in the information provided in this summary—see the Form 4 for ownership totals.

Context
These were performance awards that vested and were settled in shares (no cash exercise). The filing shows routine tax-withholding via share surrender and an open-market sale executed under a pre-established 10b5-1 plan—both common, non-speculative steps following award settlement. For full transaction detail (including the treatment of the 1,731-share derivative entry), consult the original Form 4 filing.