AWI (AWI) SVP Crager converts 1,082 RSUs, withholds 505 shares for tax

Rhea-AI Filing Summary

Armstrong World Industries (AWI) insider activity centers on equity compensation rather than open-market trades. SVP Sales & Digital Marketing Jill A. Crager converted 1,082 Restricted Stock Units into common shares on February 27, 2026, with the derivative price reported as $0. RSUs convert into common stock on a one-for-one basis. To cover tax obligations from this vesting, 505 common shares were withheld by the company at a reported value of $173.50 per share, leaving her with 4,328 common shares held directly after these transactions.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Crager Jill A.

(Last) (First) (Middle)

C/O ARMSTRONG WORLD INDUSTRIES, INC.

2500 COLUMBIA AVENUE

(Street)

LANCASTER PA 17603

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ARMSTRONG WORLD INDUSTRIES INC [ AWI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP Sales & Digital Mktg

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/27/2026		M		1,082	A	$173.5(1)	4,833	D
Common Stock	02/27/2026		F		505(2)	D	$173.5	4,328	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	02/27/2026		M			1,082	(3)	(3)	Common Stock	1,082	(4)	0	D

Explanation of Responses:

1. Restricted Stock Units convert into common stock on a one-for-one basis.

2. Represents the number of shares withheld by the Issuer to satisfy the Reporting Person's tax obligations incurred upon the vesting of certain restricted stock units granted to the Reporting Person under the 2022 Equity and Cash Incentive Plan.

3. On March 1, 2023, the Reporting Person was granted 1,082 Restricted Stock Units, which vest on the third anniversary of the grant (contingent upon the Reporting Person's employment with the Issuer on the scheduled vesting date, except as provided for under the Issuer's 2022 Equity and Cash Incentive Plan).

4. Price of Derivative Security is $0.

	/s/ Alan M. Kidd, Attorney-in-fact	03/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did AWI executive Jill A. Crager report on this Form 4?

Jill A. Crager reported the vesting and conversion of 1,082 Restricted Stock Units into Armstrong World Industries common stock, plus a related tax-withholding share disposition, all dated February 27, 2026, under the company’s 2022 Equity and Cash Incentive Plan.

How many AWI Restricted Stock Units vested for Jill A. Crager and when were they granted?

1,082 Restricted Stock Units vested for Jill A. Crager. These units were granted on March 1, 2023 and were scheduled to vest on the third anniversary of the grant, contingent on continued employment under the 2022 Equity and Cash Incentive Plan.

What does the share withholding transaction on Jill A. Crager’s AWI Form 4 represent?

The share withholding reflects 505 Armstrong World Industries common shares retained by the issuer to satisfy Jill A. Crager’s tax obligations triggered by RSU vesting. It is reported with transaction code “F,” indicating payment of tax liability using shares instead of cash.

At what price per share were Jill A. Crager’s withheld AWI shares valued?

The 505 withheld Armstrong World Industries common shares were valued at $173.50 per share. This price is used solely for reporting the tax-withholding disposition associated with the RSU vesting, not as an open-market sale price or purchase transaction.

How many AWI common shares does Jill A. Crager hold after these Form 4 transactions?

Following the RSU conversion and tax-withholding share disposition, Jill A. Crager directly holds 4,328 Armstrong World Industries common shares. This reported balance reflects her direct ownership immediately after all transactions recorded on February 27, 2026.

Do Jill A. Crager’s AWI Form 4 transactions involve open-market buying or selling?

No, the transactions involve RSU conversion and tax withholding, not open-market trades. The Form 4 shows an exercise or conversion of derivative securities and a tax-withholding disposition, where the issuer withholds shares to cover tax liabilities from the RSU vesting event.