[Form 4] ARMSTRONG WORLD INDUSTRIES INC Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Armstrong World Industries senior vice president Michael Carl Winters converted previously granted performance-based restricted stock units into common shares as part of his equity compensation. On April 8, 2026, 3,742 performance units earned under the 2022 Equity and Cash Incentive Plan were settled into 3,742 shares of common stock after performance conditions were certified.
To cover related tax obligations, 1,629 of these shares were withheld by the company at a price of $172.77 per share, leaving Winters with 2,748 common shares held directly after the transactions. No performance units from this award remain outstanding following the conversion.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,742 shares exercised/converted
Mixed
3 txns
Insider
Winters Michael Carl
Role
SVP, Arch Spec & Bus Dev
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Based Restricted Stock Units | 3,742 | $0.00 | -- |
| Exercise | Common Stock | 3,742 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,629 | $172.77 | $281K |
Holdings After Transaction:
Performance Based Restricted Stock Units — 0 shares (Direct);
Common Stock — 4,377 shares (Direct)
Footnotes (1)
- 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. 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. Each performance restricted stock unit represents a contingent right to receive one share of Issuer's common stock. 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. Not applicable.
Key Figures
Performance RSUs converted: 3,742 units/shares
Shares withheld for taxes: 1,629 shares
Post-transaction holdings: 2,748 shares
+4 more
7 metrics
Performance RSUs converted
3,742 units/shares
Converted to common stock on April 8, 2026
Shares withheld for taxes
1,629 shares
Withheld at $172.77 per share for tax obligations
Post-transaction holdings
2,748 shares
Common stock held directly after April 8, 2026 transactions
Tax withholding price
$172.77 per share
Value applied to 1,629 withheld shares
Performance period
Jan 1, 2023 – Dec 31, 2025
Period for earning performance restricted stock units
Grant date
March 1, 2023
Grant of performance restricted stock units under 2022 plan
Certification date
April 8, 2026
Performance achievement certified by board committee
Key Terms
performance restricted stock units, 2022 Equity and Cash Incentive Plan, tax obligations, 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.
2022 Equity and Cash Incentive Plan financial
"granted on March 1, 2023, under the 2022 Equity and Cash Incentive Plan of the Issuer"
tax obligations financial
"shares withheld by the Issuer to satisfy the Reporting Person's tax obligations incurred upon the earning and payment"
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"
vesting financial
"the performance restricted stock units vesting at the conclusion of the performance period"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
