Dawn M. Kirchner-King - Oct 28, 2022 Form 4 Insider Report for ARMSTRONG WORLD INDUSTRIES INC (AWI)

Role
SVP & CIO
Signature
/s/ Alan M. Kidd, Attorney-in-fact
Stock symbol
AWI
Transactions as of
Oct 28, 2022
Transactions value $
$38,454
Form type
4
Date filed
11/1/2022, 04:34 PM
Previous filing
Nov 1, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AWI Common Stock Options Exercise $53.8K +714 +34.88% $75.40 2.76K Oct 28, 2022 Direct
transaction AWI Common Stock Tax liability -$15.4K -204 -7.39% $75.40 2.56K Oct 28, 2022 Direct F1

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 Restricted Stock Units Options Exercise $0 -714 -49.97% $0.00 715 Oct 28, 2022 Common Stock 715 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares withheld by the Issuer to satisfy the Reporting Person's tax obligations incurred upon the vesting of certain restricted stock units granted to the Reporting Person under the 2016 Long-Term Incentive Plan and previously disclosed by the Reporting Person on Table II on 11/1/2022.
F2 An aggregate of 2,143 restricted stock units (each, an "RSU") were granted to the Reporting Person on October 29, 2019 under the Issuer's 2016 Long-Term Incentive Plan, one-third of which were scheduled to vest on each of the second, third and fourth anniversaries of the grant date thereof (contingent upon the Reporting Person's employment with the Issuer on the scheduled vesting date, except as provided for under the Issuer's 2016 Long-Term Incentive Plan).
F3 Each RSU represents a contingent right to receive one share of the Issuer's common stock under the Issuer's 2016 Long-Term Incentive Plan.