Brian L. MacNeal - Apr 19, 2022 Form 4 Insider Report for ARMSTRONG WORLD INDUSTRIES INC (AWI)

Role
CFO
Signature
/s/ Bryan Y.M. Tham, Attorney-in-fact
Stock symbol
AWI
Transactions as of
Apr 19, 2022
Transactions value $
-$284,648
Form type
4
Date filed
4/21/2022, 04:33 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AWI Common Stock Options Exercise $0 +7.05K +14.29% $0.00 56.4K Apr 19, 2022 Direct F1
transaction AWI Common Stock Tax liability -$285K -3.07K -5.44% $92.81 53.3K Apr 19, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AWI Performance Based Restricted Stock Units Options Exercise $0 -7.05K -100% $0.00* 0 Apr 19, 2022 Common Stock 7.05K Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the conversion of previously granted performance restricted stock units into shares of the Issuer's common stock in connection with the vesting of the units based on underlying performance metrics.
F2 Represents the number of shares withheld by the Issuer to satisfy the Reporting Person's tax obligations upon the vesting of performance restricted stock units granted to the Reporting Person under the Issuer's 2016 Long-Term Incentive Plan.
F3 Each performance restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
F4 The performance restricted stock units were granted on February 26, 2019, under the 2016 Long-Term Incentive Plan of the Issuer. The performance period for the performance restricted stock units was January 1, 2019 to December 31, 2021, with vesting subject to achievement and certification of pre-established performance conditions. Achievement of the performance conditions was certified by the Management Development and Compensation Committee of the Board of Directors of the Issuer on April 19, 2022.
F5 Not applicable.

Remarks:

See Exhibit 24 Power of Attorney.