AWI director receives 876 restricted stock units
Shurts Wayne reported acquisition or exercise transactions in this Form 4 filing.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 876 | $0.00 | $0.00 |
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
Key Terms
restricted stock units financial
2016 Directors Stock Unit Plan financial
Change in Control financial
nonemployee Director Compensation Program financial
Accounting Standards Codification Topic 718 financial
FAQ
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What transaction did AWI director Wayne Shurts report on this Form 4?
How many Armstrong World Industries (AWI) units does Wayne Shurts hold after this grant?
What are the vesting conditions for Wayne Shurts’ AWI restricted stock units?
Under which plan were AWI director Wayne Shurts’ restricted stock units granted?
How is the grant date fair value of Wayne Shurts’ AWI restricted stock units determined?
AI-generated analysis. How Rhea-AI works. Not financial advice.