Armstrong World Industries (NYSE: AWI) director receives 876 restricted stock units
Rhea-AI Filing Summary
Osborne William H reported acquisition or exercise transactions in this Form 4 filing.
Armstrong World Industries director William H. Osborne received an equity grant as part of his annual board compensation. On June 12, 2026, he was awarded 876 restricted stock units with no cash paid per unit. The grant represents the equity portion of his retainer under the company’s nonemployee Director Compensation Program and was valued using the closing common share price of $154.21 on the grant date under accounting rule ASC 718. Following this grant, Osborne holds 4,817 restricted stock units in total, including vested and unvested units and some that are not yet acquirable until a future vesting or service-termination date, consistent with the 2016 Directors Stock Unit Plan.
Positive
- None.
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Insights
Routine equity retainer grant, no open-market trading signal.
Director William H. Osborne received 876 restricted stock units as the equity portion of his board retainer. The units were granted at no cash cost to him and valued using the $154.21 closing share price under accounting standard ASC 718.
The award vests based on continued board service and specific triggers under the 2016 Directors Stock Unit Plan, including the next annual shareholders meeting, death, disability, or a qualifying Change in Control. Units become acquirable only at vesting or upon service termination, at the director’s election.
This Form 4 reflects routine nonemployee director compensation rather than discretionary buying or selling. There were no open-market trades, and Osborne’s holdings increase to 4,817 units, indicating a modest, compensation-driven expansion of his equity exposure in Armstrong World Industries.
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.