Victor Grizzle - Dec 27, 2022 Form 4 Insider Report for ARMSTRONG WORLD INDUSTRIES INC (AWI)

Role
CEO, Director
Signature
/s/ Alan M. Kidd, Attorney-in-fact
Stock symbol
AWI
Transactions as of
Dec 27, 2022
Transactions value $
-$603,925
Form type
4
Date filed
12/28/2022, 03:36 PM
Previous filing
Nov 21, 2022
Next filing
Feb 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AWI Common Stock Options Exercise $1.16M +25.7K +7.73% $45.32 358K Dec 27, 2022 Direct F1
transaction AWI Common Stock Sale -$1.77M -25.7K -7.17% $68.83 332K Dec 27, 2022 Direct F1, 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 Stock Options (Right to Buy) Options Exercise $0 -25.7K -100% $0.00* 0 Dec 27, 2022 Common Stock 25.7K $45.32 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Options exercised and shares sold pursuant to a 10b5-1 Plan adopted by the reporting person on June 8, 2022. Options exercised had a ten year exercise term limit and were scheduled to expire on February 20, 2023, as reflected in this Form 4.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at per share prices ranging from $68.405 to $69.12. The reporting person undertakes to provide upon request to the SEC staff, the Issuer, or any stockholder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The stock options were granted on February 20, 2013. Grant has a graded vesting schedule. Date exercisable will vary for each vesting tranche. All options are currently vested and exercisable.