Alverson Luke 4

What Happened

• Luke Alverson, SVP, General Counsel & Secretary of CSW Industrials (CSW), was granted 1,049 performance rights on May 6, 2026. The award was reported as a derivative grant (transaction code A) with an acquisition price of $0.00 — no immediate cash outlay or share transfer.
• These are performance rights (contingent awards) that may convert to shares at vesting; the actual number of shares and any value depend on future performance metrics rather than an immediate market transaction.

Key Details

• Transaction date and filing: Grant on 2026-05-06; Form 4 filed 2026-05-07 (timely).
• Security and amount: 1,049 performance rights granted; reported acquisition price $0.00 (derivative award).
• Vesting/performance terms (footnote): Rights cover a three-year performance cycle from April 1, 2026 to March 31, 2029. Vesting is based on CSW’s relative total shareholder return vs. the Russell 2000 and can range from 0% to 200%.
• Potential shares: If the maximum (200%) payout is achieved, the 1,049 rights could convert into up to 2,098 shares; actual outcome depends on performance. The company may settle in cash or in shares at its discretion.
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Reported the next day — not marked late.

Context

• These performance rights are a form of executive compensation tied to multi-year performance metrics, not an open-market purchase or sale. They carry no guaranteed immediate value and only convert to shares (or cash) if performance targets are met.
• For retail investors, such awards are routine for executives and indicate long-term incentive alignment rather than a near-term buy/sell signal.