AMERICAN WOODMARK (NASDAQ: AMWD) SVP returns 20,536 shares in merger
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AMERICAN WOODMARK CORP senior vice president of remodel sales Dwayne L. Medlin reported an issuer-related disposition of 20,536 shares of common stock on May 28, 2026, at a stated price of $0.00 per share, leaving him with no directly held shares.
The filing notes that on the same date, American Woodmark merged with a subsidiary of MasterBrand, Inc., becoming its wholly owned subsidiary. At the merger’s effective time, each restricted stock unit held by company officers converted into a restricted stock unit tied to MasterBrand common stock based on an exchange ratio, with any fractional shares rounded down.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MEDLIN DWAYNE L
Role
SVP, Remodel Sales
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 20,536 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 0 shares (Direct, null)
Footnotes (1)
- On May 28, 2026, pursuant to that certain Agreement and Plan of Merger, dated August 5, 2025, by and among MasterBrand, Inc., a Delaware corporation (Parent), Maple Merger Sub, Inc., a Virginia corporation and wholly owned subsidiary of Parent (Merger Sub), and American Woodmark Corporation, a Virginia corporation (the Company), Merger Sub merged with and into the Company with the Company surviving as a wholly owned subsidiary of Parent (the Merger). In addition, at the Effective Time, each restricted stock unit held by the Company's officers converted into a restricted stock unit with respect to shares of Parent common stock equal to the number of shares of Company common stock subject to the restricted stock unit immediately prior to the Effective Time multiplied by the Exchange Ratio (with any fractional shares rounded down to the nearest whole share).
Key Figures
Shares disposed: 20,536 shares
Price per share: $0.00 per share
Post-transaction holdings: 0 shares
+2 more
5 metrics
Shares disposed
20,536 shares
Disposition to issuer on May 28, 2026
Price per share
$0.00 per share
Stated transaction price for issuer disposition
Post-transaction holdings
0 shares
Total shares following transaction for Medlin
Transaction code
D
Disposition to issuer (non-derivative common stock)
Dispose transactions
1 transaction
transactionSummary shows one dispose event
Key Terms
Agreement and Plan of Merger, Effective Time, restricted stock unit, Exchange Ratio
4 terms
Agreement and Plan of Merger regulatory
"pursuant to that certain Agreement and Plan of Merger, dated August 5, 2025"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Effective Time regulatory
"In addition, at the Effective Time, each restricted stock unit held by the Company's officers"
restricted stock unit financial
"each restricted stock unit held by the Company's officers converted into a restricted stock unit"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Exchange Ratio financial
"multiplied by the Exchange Ratio (with any fractional shares rounded down"
The exchange ratio is the number used to decide how many shares of one company you get for each share you own in another company during a merger or acquisition. It’s like a recipe that tells you how to swap shares fairly, ensuring both companies’ values are balanced. This ratio matters because it determines how ownership divides between the companies' shareholders.
FAQ
What insider transaction did AMWD executive Dwayne L. Medlin report?
Dwayne L. Medlin reported disposing of 20,536 shares of American Woodmark common stock back to the issuer at a stated price of $0.00 per share, leaving him with no directly held shares following the transaction tied to the company’s merger with MasterBrand.
What merger event is referenced in this AMWD Form 4 filing?
The filing references a merger where Maple Merger Sub, Inc. combined with American Woodmark Corporation, with American Woodmark surviving as a wholly owned subsidiary of MasterBrand, Inc. This transaction was completed pursuant to an Agreement and Plan of Merger dated August 5, 2025.
How were AMWD officers’ restricted stock units treated at the merger effective time?
At the merger’s effective time, each restricted stock unit held by American Woodmark officers converted into a restricted stock unit tied to MasterBrand common stock, using an exchange ratio based on underlying American Woodmark shares, with any resulting fractional MasterBrand shares rounded down to the nearest whole share.