Wayne Shurts (AWI) granted 876 restricted stock units as annual board retainer
Rhea-AI Filing Summary
Shurts Wayne reported acquisition or exercise transactions in this Form 4 filing.
Armstrong World Industries director Wayne Shurts received an equity grant as part of his board compensation. He was awarded 876 restricted stock units of common stock on June 12, 2026 at no cash cost, increasing his direct holdings to 9,755.451 units.
The units were granted under the 2016 Directors Stock Unit Plan and the company’s nonemployee Director Compensation Program. They vest, contingent on continued board service, on the earlier of the next annual shareholders meeting, his death or total and permanent disability, or a Change in Control as defined in the plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 876 shares
Net Buy
1 txn
Insider
Shurts Wayne
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 876 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 9,755.451 shares (Direct)
Footnotes (3)
- F1. Restricted stock units granted under the 2016 Directors Stock Unit Plan (the "2016 Plan"), and as part of the Issuer's nonemployee Director Compensation Program. The units vest (contingent upon the Director's continued service as of such date) on the earlier of (i) the date of the next annual shareholders meeting following the grant; (ii) the death or total and permanent disability of the Director; or (iii) the date of any Change in Control (as defined in the 2016 Plan). Vested units will be acquirable by the Director, at the election of the Director: (i) at the vesting of the units on the date of the next annual shareholders meeting following the grant or (ii) at the time of the Director's termination of service.
- F2. Represents an annual grant of restricted stock units as the equity portion of the Director's retainer for Board service under the Issuer's nonemployee Director Compensation Program. The grant date fair value of the units is calculated under the Financial Accounting Standards Board's Accounting Standards Codification Topic 718 using the closing stock price of the Issuer's common shares on June 12, 2026, which price was $154.21.
- F3. Includes vested and unvested units as well as units not yet acquirable by the Director. Under the terms of the 2016 Plan, vested units under the 2016 Plan are not acquirable by the Director until, at the election of the Director: (i) the vesting of the units on the date of the next annual shareholders meeting following the grant or (ii) the time of the Director's termination of service.
Key Figures
Restricted stock units granted: 876 units
Holdings after grant: 9,755.451 units
Grant price per share: $0.00 per share
+1 more
4 metrics
Restricted stock units granted
876 units
Annual equity portion of director retainer granted June 12, 2026
Holdings after grant
9,755.451 units
Total direct restricted stock unit holdings following the transaction
Grant price per share
$0.00 per share
No cash paid by director for the award (compensation grant)
Stock price used for fair value
$154.21 per share
Closing price of AWI common shares on June 12, 2026 for ASC 718
Key Terms
restricted stock units, 2016 Directors Stock Unit Plan, Change in Control, nonemployee Director Compensation Program, +1 more
5 terms
restricted stock units financial
"Restricted stock units granted under the 2016 Directors Stock Unit Plan"
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.
2016 Directors Stock Unit Plan financial
"Restricted stock units granted under the 2016 Directors Stock Unit Plan"
Change in Control financial
"or (iii) the date of any Change in Control (as defined in the 2016 Plan)"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
nonemployee Director Compensation Program financial
"as part of the Issuer's nonemployee Director Compensation Program"
Accounting Standards Codification Topic 718 financial
"calculated under the Financial Accounting Standards Board's Accounting Standards Codification Topic 718"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did AWI director Wayne Shurts report on this Form 4?
Wayne Shurts reported receiving 876 restricted stock units of Armstrong World Industries common stock as a board compensation grant. The award was made under the 2016 Directors Stock Unit Plan and increased his direct holdings to 9,755.451 units following the transaction.
How many Armstrong World Industries (AWI) units does Wayne Shurts hold after this grant?
After the June 12, 2026 grant, Wayne Shurts directly holds 9,755.451 restricted stock units in Armstrong World Industries. This total includes both vested and unvested units, as well as units that are not yet acquirable under the terms of the 2016 Directors Stock Unit Plan.
What are the vesting conditions for Wayne Shurts’ AWI restricted stock units?
The restricted stock units vest if Wayne Shurts continues serving as a director until the earlier of the next annual shareholders meeting, his death, total and permanent disability, or a Change in Control. These conditions are specified in Armstrong’s 2016 Directors Stock Unit Plan.
Under which plan were AWI director Wayne Shurts’ restricted stock units granted?
The units were granted under Armstrong World Industries’ 2016 Directors Stock Unit Plan as part of its nonemployee Director Compensation Program. This plan governs director equity awards, vesting conditions, and when vested units can be acquired as common shares by the director.
How is the grant date fair value of Wayne Shurts’ AWI restricted stock units determined?
Grant date fair value is calculated under FASB ASC Topic 718 using the closing price of Armstrong’s common shares on June 12, 2026. For this grant, the company used a closing stock price of $154.21 per share to determine the accounting value.