WANG FANG 4

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.