Garde Danielle 4

What Happened
Danielle Garde, Senior Vice President and Chief People Officer of CSW Industrials, was granted 1,049 performance rights (a derivative award) on May 6, 2026. The award was granted at $0.00 per right (no cash paid). These are performance-contingent rights that may convert into shares or be paid in cash at the issuer's discretion.

Key Details

• Transaction date: 2026-05-06; Form 4 filed 2026-05-07 (timely filing).
• Grant: 1,049 performance rights @ $0.00 (derivative award).
• Shares owned after transaction: not specified in this filing.
• Footnote: Each performance right can convert to one share at vesting. Vesting range is 0%–200% over a three-year performance cycle from April 1, 2026 to March 31, 2029, based on CSW’s relative total shareholder return versus the Russell 2000. Settlement may be in cash or shares (issuer’s discretion).

Context
Performance rights are variable equity awards tied to company performance; they are not an immediate purchase or sale and do not necessarily indicate the insider’s personal cash commitment. The ultimate number of shares delivered (if any) depends on the TSR-based performance multiplier and whether CSW elects stock or cash settlement.