WANG FANG 4
4 · CSW INDUSTRIALS, INC. · Filed Apr 7, 2026
Research Summary
AI-generated summary of this filing
CSW INDUSTRIALS VP/CAO Wang Fang Receives Award — 616 Shares
What Happened
Wang Fang, Vice President and Chief Accounting Officer of CSW INDUSTRIALS, had performance-based rights convert into 616 shares of common stock on 2026-04-02. The filing shows 174 shares were surrendered to cover tax withholding (valued at $260.34 each, totaling $45,299) and 311 shares were recorded as disposed in the conversion entries, resulting in a net increase of 131 shares reported on the Form 4. The shares were issued as the performance rights vested rather than bought on the open market.
Key Details
- Transaction date: 2026-04-02; Form 4 filed 2026-04-07 (appears to be filed late — more than two business days after the transaction).
- Shares received (conversion/exercise of derivative): 616 shares @ $0.00 (acquired).
- Shares disposed to cover tax/other settlement: 174 shares @ $260.34 = $45,299 (tax withholding); plus 311 shares disposed (reported as derivative conversion) @ $0.00.
- Net shares added per the filing: +131 shares (616 acquired − 311 − 174).
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Footnote: The performance rights vested at 190.7% of target for a three‑year cycle ending 3/31/2026 and were settled in shares, including 12 dividend equivalent units.
Context
This was a settlement of performance awards (derivative conversion), not an open‑market purchase or sale. The $0.00 acquisition price reflects issuance on vesting; the share disposals reflect tax withholding/settlement mechanics common in award settlements. The late filing reduces the timeliness of public disclosure but is a procedural issue separate from the substance of the award.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-04-02+616→ 3,292 total - Tax Payment
Common Stock
2026-04-02$260.34/sh−174$45,299→ 3,118 total - Exercise/Conversion
Performance Rights
[F1]2026-04-02−311→ 0 total→ Common Stock (311 underlying)
- 888(indirect: by ESOP)
Common Stock
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 12 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.