American Woodmark (AMWD) SVP returns 47,182 shares amid MasterBrand merger
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
American Woodmark Corporation senior vice president Robert J. Adams Jr. reported a disposition to the issuer of 47,182 shares of common stock on May 28, 2026, reducing his direct holdings to zero. The disposition is associated with the closing of a merger in which American Woodmark became a wholly owned subsidiary of MasterBrand, Inc.
The footnotes state that, at the merger’s effective time, each restricted stock unit held by the company’s officers converted into a restricted stock unit for MasterBrand common stock based on an exchange ratio, with fractional shares rounded down.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Adams Robert J JR
Role
SVP Chief Manuf & Supp Chain
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 47,182 | $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: 47,182 shares
Price per share: $0.0000
Shares held after transaction: 0 shares
+2 more
5 metrics
Shares disposed
47,182 shares
Common stock disposition to issuer on May 28, 2026
Price per share
$0.0000
Reported transaction price for disposition to issuer
Shares held after transaction
0 shares
Total direct holdings following disposition on May 28, 2026
Transaction code
D
Form 4 code indicating disposition to issuer
Dispose transactions
1 transaction
Transaction summary shows one dispose-type entry
Key Terms
Agreement and Plan of Merger, restricted stock unit, Exchange Ratio, Effective Time
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.
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
"subject to the restricted stock unit immediately prior to the Effective Time multiplied by the Exchange Ratio"
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.
Effective Time regulatory
"In addition, at the Effective Time, each restricted stock unit held by the Company's officers"
FAQ
What insider transaction did AMWD executive Robert J. Adams Jr. report?
Robert J. Adams Jr. reported disposing of 47,182 shares of American Woodmark common stock back to the issuer. The transaction occurred on May 28, 2026 and reduced his direct holdings to zero, reflecting changes tied to the company’s merger structure.
What merger event is referenced in the AMWD Form 4 footnotes?
The footnotes reference a merger where Maple Merger Sub, a subsidiary of MasterBrand, merged into American Woodmark. American Woodmark survived as a wholly owned subsidiary of MasterBrand, implementing an Agreement and Plan of Merger dated August 5, 2025.
How were AMWD officers’ restricted stock units treated in the merger?
At the effective time of the merger, each American Woodmark officer’s restricted stock unit converted into a MasterBrand restricted stock unit. The number of new units equaled existing company shares multiplied by an exchange ratio, with any fractional shares rounded down to the nearest whole share.