Wayne Shurts - Jun 16, 2023 Form 4 Insider Report for ARMSTRONG WORLD INDUSTRIES INC (AWI)

Role
Director
Signature
/s/ Alan M. Kidd, Attorney-in-fact
Stock symbol
AWI
Transactions as of
Jun 16, 2023
Transactions value $
$0
Form type
4
Date filed
6/20/2023, 05:03 PM
Previous filing
Jan 4, 2023
Next filing
Jun 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AWI Common Stock Award $0 +1.78K +34.41% $0.00 6.95K Jun 16, 2023 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 granted under the 2016 Directors Stock Unit Plan, as amended, and as part of the Issuer's nonemployee Director Compensation Program. The units vest (contingent upon the Director's continued service as of such date) on the earlier of (i) the one-year anniversary of the grant; (ii) the death or total and permanent disability of the Director; or (iii) the date of any Change in Control Event (as defined in the Plan). One share of common stock will be acquired by each Director for each vested unit, subject to the election of the Director: (i) at the vesting of the units at the one-year anniversary of the grant or (ii) at the time of the Director's termination of service.
F2 Represents an annual grant of restricted stock units as the equity portion of the Director's retainer for Board service under the Issuer's nonemployee Director Compensation Program. The grant date fair value of the units is calculated under the Financial Accounting Standards Board's Accounting Standards Codification Topic 718 using the closing stock price of the Issuer's common shares on June 16, 2023, which price was $70.32.
F3 Includes vested and unvested units as well as units not yet acquirable by the Director. Under the terms of the 2016 Directors Stock Unit Plan, as amended (the "2016 Plan"), vested units under the 2016 Plan are not acquirable by the Director until, at the election of the Director: (i) the vesting of the units at the one-year anniversary of the grant or (ii) the time of the Director's termination of service.