Form 4: CSW Industrials EVP, CFO James E. Perry Reports Changes in Beneficial Ownership

James E. Perry, EVP and CFO of CSW Industrials, reports acquisition and disposal of common stock, including shares from restricted stock grants and ESOP contributions.

Summary

• On October 1, 2024, James E. Perry, EVP and CFO of CSW Industrials, reported changes in beneficial ownership of CSWI common stock.
• He acquired 1,389 shares of common stock through a restricted stock grant under the issuer's 2024 Equity and Incentive Compensation Plan at a price of $0.
• These shares vest ratably over three years on each annual anniversary of the grant.
• Perry also disposed of 1,132 shares to cover tax obligations at a price of $364.56 per share.
• Additionally, 451 shares were attributed to the annual company contribution to the CSW Industrials, Inc. Employee Stock Ownership Program (ESOP).
• Following these transactions, Perry directly owns 23,572 shares and indirectly owns 451 shares through the ESOP.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to stock-based compensation and tax obligations.

Positives

• The acquisition of 1,389 shares through a restricted stock grant indicates confidence in the company's future performance.
• The annual contribution to the ESOP benefits the reporting person.

Negatives

• The disposal of 1,132 shares to cover tax obligations reduces the executive's direct holdings.

Future Outlook

The restricted stock grant vests ratably over a three-year period, incentivizing continued service and performance.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and ownership.

Key Dates