American Woodmark (AMWD) SVP returns 15,708 shares to issuer in merger
Rhea-AI Filing Summary
American Woodmark Corporation senior vice president and chief human resources officer Kimberly G. Coldiron reported a disposition of 15,708 shares of common stock to the issuer on May 28, 2026. The shares were returned at a stated price of $0.00 per share, leaving no directly held American Woodmark common stock reported after the transaction.
According to the footnotes, this disposition occurred at the closing of a merger in which Maple Merger Sub, Inc. merged with and into American Woodmark, with the company surviving as a wholly owned subsidiary of MasterBrand, Inc. At the effective time of the merger, each restricted stock unit held by company officers converted into a MasterBrand restricted stock unit based on an exchange ratio.
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Insights
Executive returns 15,708 shares to issuer in merger-related cleanup.
Kimberly G. Coldiron, SVP and CHRO of American Woodmark, reported a Form 4 transaction coded "D" for disposition to issuer. She returned 15,708 shares of common stock at a stated price of $0.00, and the filing shows zero shares directly held afterward.
The footnotes explain that the event coincided with the closing of a merger where American Woodmark became a wholly owned subsidiary of MasterBrand, Inc. Officer restricted stock units converted into MasterBrand stock units using an exchange ratio. This indicates an administrative equity transition tied to the change in corporate structure rather than an open-market sale.
The transaction affects only the reporting officer’s American Woodmark holdings shown in this filing and does not involve cash proceeds at the reported per-share price. Any future impact depends on how the converted MasterBrand equity awards perform, which is outside the scope of this report.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 15,708 | $0.00 | -- |
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).