Armstrong World Industries (NYSE: AWI) director receives 876 restricted stock units grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Loughran Barbara reported acquisition or exercise transactions in this Form 4 filing.
Armstrong World Industries director Barbara Loughran received an equity grant of 876 restricted stock units as part of her annual Board retainer. The units were granted under the 2016 Directors Stock Unit Plan and the company’s nonemployee Director Compensation Program. They vest contingent on her continued Board service, or earlier upon death, total and permanent disability, or a defined Change in Control. The grant date fair value was based on the company’s June 12, 2026 closing share price of $154.21. After this award, she holds a total of 9,744 units, including vested, unvested and units not yet acquirable.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Loughran Barbara
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 876 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 9,744 shares (Direct, null)
Footnotes (1)
- 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. 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. 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
Post-grant holdings: 9,744 units
Reference share price: $154.21 per share
+1 more
4 metrics
RSU grant size
876 units
Award of restricted stock units to director on June 12, 2026
Post-grant holdings
9,744 units
Total vested, unvested and not-yet-acquirable units after transaction
Reference share price
$154.21 per share
Closing common share price on June 12, 2026 used for grant date fair value
Transaction code
A (grant, award, or other acquisition)
Indicates non-derivative grant of common stock units to director
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
"fair value of the units is calculated under the Financial Accounting Standards Board's Accounting Standards Codification Topic 718"
FAQ
What did AWI director Barbara Loughran report in this Form 4 filing?
Barbara Loughran reported receiving an award of 876 restricted stock units in Armstrong World Industries. The grant represents the equity portion of her annual Board retainer under the company’s nonemployee Director Compensation Program and 2016 Directors Stock Unit Plan.
How many Armstrong World Industries units does Barbara Loughran hold after this grant?
After this grant, Barbara Loughran holds 9,744 units in Armstrong World Industries. This total includes vested and unvested restricted stock units, as well as units that are not yet acquirable under the terms of the 2016 Directors Stock Unit Plan.
How is the grant date fair value of AWI restricted stock units calculated?
The grant date fair value is calculated under Accounting Standards Codification Topic 718 using Armstrong World Industries’ closing common share price. For this award, the calculation used the June 12, 2026 closing price of $154.21 per share to determine the grant’s accounting value.
When do Barbara Loughran’s AWI restricted stock units vest and become acquirable?
The restricted stock units vest on the earlier of the next annual shareholders meeting, death, total and permanent disability, or a Change in Control. Vested units become acquirable either at vesting on that meeting date or at her termination of service, at her election.
What plan governs the restricted stock unit grant to AWI director Barbara Loughran?
The grant is made under Armstrong World Industries’ 2016 Directors Stock Unit Plan, as part of its nonemployee Director Compensation Program. This plan defines vesting conditions, acquirability timing, and Change in Control provisions for directors’ restricted stock unit awards.