AWI CFO exercises 9,149 performance stock units
Armstrong World Industries SVP & CFO Christopher P. Calzaretta exercised previously granted performance-based restricted stock units that converted into 9,149 shares of common stock on April 8, 2026, after underlying performance metrics were certified.
Rhea-AI Filing Summary
Armstrong World Industries SVP & CFO Christopher P. Calzaretta exercised previously granted performance-based restricted stock units that converted into 9,149 shares of common stock on April 8, 2026, after underlying performance metrics were certified.
To cover related tax obligations, the company withheld 3,980 shares at $172.77 per share, a non-market transaction. After these compensation-related events, Calzaretta directly holds 11,191 shares of Armstrong World Industries common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,149 shares exercised/converted
Exercise
3 txns
Insider
Calzaretta Christopher P.
Role
SVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Based Restricted Stock Units | 9,149 | $0.00 | $0.00 |
| Exercise | Common Stock | 9,149 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,980 | $172.77 | $688K |
Holdings After Transaction:
Performance Based Restricted Stock Units — 0 contracts (Direct);
Common Stock — 11,191 shares (Direct)
Footnotes (5)
- F1. Reflects the conversion of previously granted performance restricted stock units into shares of Issuer's common stock in connection with the earning and payment of the units based on underlying performance metrics.
- F2. Represents the number of shares withheld by the Issuer to satisfy the Reporting Person's tax obligations incurred upon the earning and payment of certain restricted stock units granted to the Reporting Person under the 2022 Equity and Cash Incentive Plan.
- F3. Each performance restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- F4. The performance restricted stock units were granted on March 1, 2023, under the 2022 Equity and Cash Incentive Plan of the Issuer. The performance period for the performance restricted stock units was January 1, 2023 to December 31, 2025, with the performance restricted stock units vesting at the conclusion of the performance period and earning and payment subject to achievement and certification of pre-established performance conditions. Achievement of the performance conditions was certified by the Management Development and Compensation Committee of the Board of Directors of the Issuer on April 8, 2026.
- F5. Not applicable.
Key Figures
Performance units exercised: 9,149 shares
Shares withheld for taxes: 3,980 shares
Tax withholding price: $172.77 per share
+3 more
6 metrics
Performance units exercised
9,149 shares
Converted from performance-based restricted stock units on April 8, 2026
Shares withheld for taxes
3,980 shares
Withheld by issuer to satisfy tax obligations at vesting
Tax withholding price
$172.77 per share
Price applied to 3,980 shares withheld for tax obligations
Shares held after transactions
11,191 shares
Direct common stock ownership following April 8, 2026 events
Derivative exercise transactions
1 transaction, 9,149 shares
Exercise or conversion of derivative security reported in summary
Tax withholding transactions
1 transaction, 3,980 shares
Payment of tax liability by delivering securities
Key Terms
performance restricted stock units, Performance Based Restricted Stock Units, 2022 Equity and Cash Incentive Plan, Management Development and Compensation Committee, +1 more
5 terms
performance restricted stock units financial
"Reflects the conversion of previously granted performance restricted stock units into shares of Issuer's common stock"
Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.
Performance Based Restricted Stock Units financial
"security_title: "Performance Based Restricted Stock Units""
Performance-based restricted stock units are a form of employee pay where shares are promised but only delivered if the company meets specific performance targets over time. Like a trophy awarded to a team after hitting certain goals, they align employee incentives with business results and can affect future share counts and earnings—so investors watch them for signals about management’s motivation, potential dilution, and the likelihood of meeting growth or profit targets.
2022 Equity and Cash Incentive Plan financial
"granted on March 1, 2023, under the 2022 Equity and Cash Incentive Plan of the Issuer"
Management Development and Compensation Committee financial
"Achievement of the performance conditions was certified by the Management Development and Compensation Committee of the Board of Directors"
tax obligations financial
"shares withheld by the Issuer to satisfy the Reporting Person's tax obligations incurred upon the earning and payment of certain restricted stock units"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did AWI CFO Christopher Calzaretta report in this Form 4 filing?
He reported exercising performance-based restricted stock units into 9,149 shares of Armstrong World Industries common stock. The transaction reflects earned equity compensation tied to performance metrics rather than an open-market stock purchase or sale.
Were any of the AWI CFO’s reported transactions open-market buys or sells?
No, the filing shows a derivative exercise and tax withholding only. Shares were issued upon vesting of performance-based units, and a portion was withheld by the company to satisfy tax obligations, not sold in the open market.
What plan governed the AWI CFO’s performance-based restricted stock units?
The units were granted under Armstrong World Industries’ 2022 Equity and Cash Incentive Plan. Vesting and payment depended on achieving pre-established performance conditions that were later certified by the board’s Management Development and Compensation Committee.
What performance period applied to the AWI CFO’s performance restricted stock units?
The performance period ran from January 1, 2023 to December 31, 2025. After this period ended, achievement of the pre-set performance conditions was certified on April 8, 2026, triggering the earning and payment of the related common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
