Armstrong director Holleran granted 876 RSUs
Armstrong World Industries director Kevin Holleran received a grant of 876 restricted stock units of common stock as part of the company’s nonemployee director compensation program.
Rhea-AI Filing Summary
Armstrong World Industries director Kevin Holleran received a grant of 876 restricted stock units of common stock as part of the company’s nonemployee director compensation program. These units were granted under the 2016 Directors Stock Unit Plan and bring his direct holdings to 1,311 units.
The units vest, contingent on continued board service, on the earlier of the next annual shareholders meeting, death or total and permanent disability, or a qualifying change in control. Once vested, Holleran may elect to acquire the underlying shares either at that next annual meeting date or upon his termination of board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 876 shares
Grant/Award
1 txn
Insider
HOLLERAN KEVIN
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 876 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 1,311 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
RSU grant size: 876 units
Holdings after grant: 1,311 units
Closing share price: $154.21
3 metrics
RSU grant size
876 units
Restricted stock units granted June 12, 2026
Holdings after grant
1,311 units
Total restricted stock units directly held following transaction
Closing share price
$154.21
Grant date closing price used for ASC 718 fair value on June 12, 2026
Key Terms
Restricted stock units, 2016 Directors Stock Unit Plan, Change in Control, Accounting Standards Codification Topic 718
4 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 (the "2016 Plan")"
Change in Control financial
"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.
Accounting Standards Codification Topic 718 financial
"calculated under the Financial Accounting Standards Board's Accounting Standards Codification Topic 718"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Kevin Holleran report in this Armstrong World Industries (AWI) Form 4?
Kevin Holleran reported receiving 876 restricted stock units of Armstrong World Industries common stock as a grant under the 2016 Directors Stock Unit Plan, increasing his direct holdings to 1,311 units as part of his annual nonemployee director compensation.
Is Kevin Holleran’s AWI Form 4 transaction an open-market purchase or sale?
The Form 4 shows a grant of restricted stock units, not an open-market trade. Code A indicates a grant or award received as compensation, so no cash purchase or sale decision was made by Holleran in the market for these 876 units.
What are the vesting conditions for Kevin Holleran’s 876 AWI restricted stock units?
The 876 restricted stock units vest if Holleran continues serving on the board until the next annual shareholders meeting, or earlier upon death, total and permanent disability, or a qualifying change in control, as defined in the Armstrong World Industries 2016 Directors Stock Unit Plan.
How is the value of Kevin Holleran’s AWI restricted stock unit grant determined?
The grant’s fair value is calculated under FASB Accounting Standards Codification Topic 718 using the closing price of Armstrong World Industries common shares on June 12, 2026, which was $154.21, forming the basis for accounting, not a cash transaction price for Holleran.
AI-generated analysis. How Rhea-AI works. Not financial advice.
