AMERICAN WOODMARK (NASDAQ: AMWD) SVP awarded 840 restricted shares in Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WASZAK WILLIAM L reported acquisition or exercise transactions in this Form 4 filing.
AMERICAN WOODMARK CORP senior vice president and CIO William L. Waszak received an equity award of 840 shares of common stock. The award reflects the achievement of performance conditions tied to cultural-based restricted stock 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 grant, Waszak directly holds 19,875 shares of AMERICAN WOODMARK common stock, indicating this is a relatively small, routine compensation-related award rather than an open-market transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WASZAK WILLIAM L
Role
SVP, CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 840 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 19,875 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares granted: 840 shares
Grant price: $0.00 per share
Post-transaction holdings: 19,875 shares
+2 more
5 metrics
Shares granted
840 shares
Grant, award, or other acquisition of common stock
Grant price
$0.00 per share
Equity award, not an open-market purchase
Post-transaction holdings
19,875 shares
Shares directly owned after the award
Original RSU grant date
June 1, 2023
Cultural-based restricted stock units initially awarded
Service vesting expiration
June 1, 2026
Additional service-based vesting requirement end date
Key Terms
restricted stock units, performance conditions, service-based vesting
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 financial
"These restricted stock units are subject to an additional service-based vesting requirement"
FAQ
What did AMWD executive William L. Waszak report in this Form 4?
William L. Waszak reported receiving 840 AMERICAN WOODMARK common shares as an equity award. The award stems from cultural-based restricted stock units tied to performance, functioning as compensation rather than a market purchase or sale of stock.
Is the AMWD Form 4 transaction a buy or sell in the open market?
The transaction is not an open-market buy or sell. It is a grant or award acquisition of 840 shares with a reported price of $0.00 per share, reflecting equity compensation rather than a discretionary stock trade on the market.
What conditions apply to the AMWD restricted stock units reported by Waszak?
The restricted stock units reflect achievement of performance conditions tied to cultural-based goals. They remain subject to an additional service-based vesting requirement that will expire on June 1, 2026, meaning continued service is required before they fully vest.
When were the cultural-based restricted stock units originally awarded at AMWD?
The cultural-based restricted stock units underlying this award were originally granted on June 1, 2023. Performance conditions have now been achieved, but the units also require continued service through June 1, 2026 before fully vesting to the executive.