Victor Grizzle - Apr 28, 2023 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: Apr 28, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/2/2023, 04:27 PM
Previous filing: Mar 3, 2023
Next filing: May 8, 2023

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	+72.8K		$0.00	72.8K	Apr 28, 2023	Common Stock	72.8K		Direct	F1, F2

* 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 April 28, 2023 and will vest in full on April 28, 2026 (the "Vesting Date") (contingent upon the Reporting Person's employment with the Issuer on the scheduled vesting date). In the event of the Reporting Person's Involuntary Termination, including Good Reason (as such terms are defined in the applicable award agreement) prior to the Vesting Date, the restricted stock units and any accrued dividends with respect to the underlying shares of common stock will accelerate and vest in full. The restricted stock units and any accrued dividends with respect to the underlying shares of common stock will accelerate and vest pro-rata based on the period of employment in the event of death or Long-Term Disability (as defined in the applicable award agreement) prior to the Vesting Date.

Content

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.

The restricted stock units were granted to the Reporting Person on April 28, 2023 and will vest in full on April 28, 2026 (the "Vesting Date") (contingent upon the Reporting Person's employment with the Issuer on the scheduled vesting date). In the event of the Reporting Person's Involuntary Termination, including Good Reason (as such terms are defined in the applicable award agreement) prior to the Vesting Date, the restricted stock units and any accrued dividends with respect to the underlying shares of common stock will accelerate and vest in full. The restricted stock units and any accrued dividends with respect to the underlying shares of common stock will accelerate and vest pro-rata based on the period of employment in the event of death or Long-Term Disability (as defined in the applicable award agreement) prior to the Vesting Date.