Monica M. Maheshwari - Mar 1, 2023 Form 4 Insider Report for ARMSTRONG WORLD INDUSTRIES INC (AWI)

Role
SVP, Human Resources
Signature
/s/ Alan M. Kidd, Attorney-in-fact
Stock symbol
AWI
Transactions as of
Mar 1, 2023
Transactions value $
$0
Form type
4
Date filed
3/3/2023, 03:51 PM

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 Award $0 +1.75K $0.00 1.75K Mar 1, 2023 Common Stock 1.75K Direct F1, F2
transaction AWI Restricted Stock Units Award $0 +1.93K $0.00 1.93K Mar 1, 2023 Common Stock 1.93K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock under the Issuer's 2022 Equity and Cash Incentive Plan.
F2 The restricted stock units were granted to the Reporting Person on March 1, 2023 and will vest in full on March 1, 2026 (contingent upon the Reporting Person's employment with the Issuer on the scheduled vesting date, except as provided for under the Issuer's 2022 Equity and Cash Incentive Plan).
F3 The restricted stock units were granted to the Reporting Person on March 1, 2023 and will vest as follows: (1) 643 on the first anniversary of the grant, (2) 644 on the second anniversary of the grant, and (3) 644 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 2022 Equity and Cash Incentive Plan).