American Woodmark (NASDAQ: AMWD) director logs 8,930-share merger disposition
Rhea-AI Filing Summary
American Woodmark Corporation director Emily Cavanagh Videtto reported a disposition of 8,930 shares of the company’s common stock back to the issuer, leaving no American Woodmark shares held directly after the transaction.
The Form 4 notes this was a disposition to the issuer with no per-share price shown, consistent with the completion of a merger involving American Woodmark and MasterBrand, Inc. Under the merger agreement, each share of American Woodmark common stock outstanding at the effective time converted into the right to receive 5.150 shares of MasterBrand common stock. The filing also explains that restricted stock units held by American Woodmark’s non-employee directors converted into MasterBrand common stock using the same 5.150 exchange ratio, with cash paid only for fractional shares and after tax withholding.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 8,930 | $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.