AMERICAN WOODMARK (AMWD) SVP awarded 2,608 performance-based shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AMERICAN WOODMARK CORP senior vice president Robert J. Adams Jr. received 2,608 shares of common stock as a grant tied to cultural-based restricted stock units. The award reflects achievement of performance conditions from units originally granted on June 1, 2023.
These restricted stock units remain subject to an additional service-based vesting requirement that runs through June 1, 2026. After this acquisition, Adams directly holds 47,182 shares of American Woodmark common stock, highlighting ongoing equity-based compensation aligned with longer-term employment and performance.
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 |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,608 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 47,182 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 2,608 shares
Total holdings after grant: 47,182 shares
Original RSU grant date: June 1, 2023
+1 more
4 metrics
Shares granted
2,608 shares
Performance-based restricted stock unit award
Total holdings after grant
47,182 shares
Common stock directly held after transaction
Original RSU grant date
June 1, 2023
Cultural-based restricted stock units originally awarded
Service vesting end date
June 1, 2026
Additional service-based vesting requirement expiration
Key Terms
restricted stock units, performance conditions, service-based vesting requirement
3 terms
restricted stock units financial
"Reflects the achievement of the performance conditions applicable to cultural-based restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance conditions financial
"Reflects the achievement of the performance conditions applicable to cultural-based restricted stock units"
service-based vesting requirement financial
"These restricted stock units are subject to an additional service-based vesting requirement"
FAQ
What insider transaction did AMWD executive Robert J. Adams Jr. report?
Robert J. Adams Jr. reported acquiring 2,608 shares of AMERICAN WOODMARK CORP common stock. The shares came from cultural-based restricted stock units that vested upon achieving performance conditions tied to an award originally granted on June 1, 2023.
What is the size of the equity award reported for AMWD executive Robert Adams?
The reported equity award for Robert Adams totals 2,608 shares of AMERICAN WOODMARK CORP common stock. These shares result from performance-based restricted stock units, providing stock compensation that aligns his interests with company performance and long-term shareholder value.
What are the vesting conditions on Robert Adams’s AMWD restricted stock units?
The restricted stock units for Robert Adams vested on performance conditions but still require service-based vesting until June 1, 2026. This means he must remain employed through that date for full ownership, reinforcing long-term retention and alignment with company goals.
When were the AMWD cultural-based restricted stock units originally granted to Robert Adams?
The cultural-based restricted stock units were originally granted to Robert Adams on June 1, 2023. Their performance conditions have now been achieved, resulting in a 2,608-share award that continues to vest based on additional service requirements through June 1, 2026.
Is the AMWD Form 4 transaction a market purchase or a compensation grant?
The AMWD Form 4 transaction represents a compensation grant, not a market purchase. It reflects the achievement of performance conditions on previously granted cultural-based restricted stock units, leading to a 2,608-share award subject to ongoing service-based vesting.