American Woodmark (NASDAQ: AMWD) director disposes 10,522 shares in MasterBrand merger
Rhea-AI Filing Summary
AMERICAN WOODMARK CORP director David A. Rodriguez reported a disposition of 10,522 shares of common stock back to the company at a stated price of $0.00 per share. This left him with 0 shares of American Woodmark common stock following the transaction.
The filing ties this disposition to the completion of a merger in which Maple Merger Sub, Inc. merged with and into American Woodmark, making it a wholly owned subsidiary of MasterBrand, Inc. At the merger’s effective time, each outstanding American Woodmark share converted into the right to receive 5.150 shares of MasterBrand common stock. Restricted stock units held by non‑employee directors also converted into MasterBrand shares based on this same exchange ratio, subject to applicable tax withholding.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 10,522 | $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). At the effective time of the Merger (the Effective Time), each share of common stock of the Company (Company common stock) outstanding immediately prior to the Effective Time converted into the right to receive 5.150 shares of common stock of Parent (Parent common stock) (such ratio, the Exchange Ratio). In addition, at the Effective Time, each restricted stock unit held by the Company's non-employee directors converted into the right to receive a number of 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 a cash payment in respect of any fractional shares in accordance with the Merger Agreement), less any applicable tax withholding.