Austin So - Feb 1, 2023 Form 4 Insider Report for ARMSTRONG WORLD INDUSTRIES INC (AWI)

Role
SVP Gen Cnsl, Compliance
Signature
/s/ Austin So
Stock symbol
AWI
Transactions as of
Feb 1, 2023
Transactions value $
-$37,139
Form type
4
Date filed
2/3/2023, 03:20 PM
Previous filing
Feb 8, 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 +1.27K 1.27K Feb 1, 2023 Direct F1
transaction AWI Common Stock Tax liability -$37.1K -464 -36.59% $80.04 804 Feb 1, 2023 Direct

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 -1.27K -33.32% 2.54K Feb 1, 2023 Common Stock 1.27K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Units convert into common stock on a one-for-one basis.
F2 On February 1, 2022, the Reporting Person was granted 3,805 restricted stock units, which vest as follows: (1) 1,268 on the first anniversary of the grant, (2) 1,268 on the second anniversary of the grant and (3) 1,269 on the third anniversary of the grant (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 Price of Derivative Security is $0.