James T. Burge - Feb 24, 2023 Form 4 Insider Report for ARMSTRONG WORLD INDUSTRIES INC (AWI)

Role
Vice President & Controller
Signature
/s/ Alan M. Kidd, Attorney-in-fact
Stock symbol
AWI
Transactions as of
Feb 24, 2023
Transactions value $
$7,588
Form type
4
Date filed
2/28/2023, 03:46 PM
Previous filing
Apr 21, 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 $4.79K +60 +12.35% $79.87 546 Feb 24, 2023 Direct
transaction AWI Common Stock Tax liability -$1.68K -21 -3.85% $79.87 525 Feb 24, 2023 Direct F1
transaction AWI Common Stock Options Exercise $6.79K +85 +16.19% $79.87 610 Feb 24, 2023 Direct
transaction AWI Common Stock Tax liability -$2.32K -29 -4.75% $79.87 581 Feb 24, 2023 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 -60 -100% $0.00* 0 Feb 24, 2023 Common Stock 60 Direct F2, F3
transaction AWI Restricted Stock Units Options Exercise $0 -85 -50% $0.00 85 Feb 24, 2023 Common Stock 85 Direct F3, F4
* 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.
F2 An aggregate of 178 restricted stock units (each, an "RSU") were granted to the Reporting Person on February 25, 2020 under the Issuer's 2016 Long-Term Incentive Plan, one-third of which were scheduled to vest on each of the first, second and third 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 restricted stock unit represents a contingent right to receive one share of the Issuer's common stock under the Issuer's 2016 Long-Term Incentive Plan.
F4 An aggregate of 255 restricted stock units (each, an "RSU") were granted to the Reporting Person on February 24, 2021 under the Issuer's 2016 Long-Term Incentive Plan, one-third of which were scheduled to vest on each of the first, second and third 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).

Remarks:

See Exhibit 24 - Power of Attorney