Armstrong World (NYSE: AWI) director receives 876 restricted stock units
Rhea-AI Filing Summary
Pitre Kathleen reported acquisition or exercise transactions in this Form 4 filing.
Armstrong World Industries director Kathleen Pitre received a grant of 876 restricted stock units on June 12, 2026 as the equity portion of her annual Board retainer under the nonemployee Director Compensation Program.
The grant’s fair value is based on the closing share price of $154.21 on June 12, 2026, calculated under Accounting Standards Codification Topic 718. These units vest, contingent on continued Board service, on the earlier of the next annual shareholders meeting, the director’s death or total and permanent disability, or a Change in Control under the 2016 Directors Stock Unit Plan. Following this award, she holds a total of 1,703 units, including vested, unvested, and not-yet-acquirable units.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 876 | $0.00 | -- |
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.