UNDERWOOD JEFF 4

4 · CSW INDUSTRIALS, INC. · Filed Apr 7, 2026

AI-generated summary of this filing

Updated Apr 7, 2026

CSW SVP Jeff Underwood Exercises Performance Awards, Sells Shares for Taxes

What Happened

Jeff Underwood, SVP & GM, Contractor Solutions at CSW Industrials (CSW), had performance-based awards vest and be settled in common stock on 2026-04-02. The filing shows conversion/exercise of performance-derived awards totaling 3,224 shares (2,127 shares reported as acquired and 1,097 reported as a conversion/disposed derivative) at an effective exercise price of $0.00.
To satisfy tax withholding obligations, 851 shares were surrendered/disposed at $260.34 per share for total proceeds of $221,549. This disposition was a withholding/tax-related sale, not an open-market sale for investment purposes.

Key Details

Transaction date: 2026-04-02; Form 4 filed: 2026-04-07 (filing appears late relative to the usual 2-business-day Form 4 rule).
Prices and amounts: performance shares converted at $0.00; 851 shares disposed at $260.34 each = $221,549.
Shares owned after the transaction: not specified in the provided filing excerpts.
Filing codes: M = exercise/conversion of derivative (performance rights); F = payment of exercise price or tax liability (share surrender for taxes).
Footnote: The performance rights vested at 190.7% of target for the three-year cycle ending 3/31/2026 (including 18 dividend-equivalent units) and were settled in shares per the award agreement.

Context

These were performance-right conversions (not open-market purchases or discretionary sales). The surrendered 851 shares were used to cover tax obligations — a common administrative step after awards vest. Such tax-withholding dispositions are routine and do not necessarily signal the insider’s view of the company's stock.

Form 4

Period: 2026-04-02

SVP, GM Contractor Solutions

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-04-02+2,127→ 7,980 total
Tax Payment
Common Stock
2026-04-02$260.34/sh−851$221,549→ 7,129 total
Exercise/Conversion
Performance Rights
[F1]
2026-04-02−1,097→ 0 total
→ Common Stock (1,097 underlying)

Holdings

Footnotes (1)

[F1]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 March 31, 2026 based on the issuer's relative total shareholder return in comparison to the total shareholder return performance among the Russell 2000 Index over the performance cycle. The performance rights, along with 18 dividend equivalent units, vested at 190.7% of the target award amount and were settled in shares of common stock pursuant to the award agreement terms.

Signature

/s/ Luke E. Alverson, Attorney-in-fact for Jeff Underwood|2026-04-07

1 file