Armstrong World (NYSE: AWI) VP gains stock via RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Armstrong World Industries vice president and controller James T. Burge reported equity award activity involving restricted stock units and common stock. On February 27, 2026, 639 restricted stock units were converted into 639 shares of common stock at a derivative price of $0 per footnote.
The company then withheld 216 shares of common stock at $173.50 per share to cover Mr. Burge’s tax obligations tied to the RSU vesting under the 2022 Equity and Cash Incentive Plan. After these transactions, he directly owned 2,058 shares of Armstrong World Industries common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
639 shares exercised/converted
Mixed
3 txns
Insider
Burge James T.
Role
Vice President & Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 639 | $0.00 | -- |
| Exercise | Common Stock | 639 | $173.50 | $111K |
| Tax Withholding | Common Stock | 216 | $173.50 | $37K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 2,274 shares (Direct)
Footnotes (1)
- Restricted Stock Units convert into common stock on a one-for-one basis. Represents the number of shares withheld by the Issuer to satisfy the Reporting Person's tax obligations incurred upon the vesting of certain restricted stock units granted to the Reporting Person under the 2022 Equity and Cash Incentive Plan. On March 1, 2023, the Reporting Person was granted 639 Restricted Stock Units, which vest on the third anniversary of the grant (contingent upon the Reporting Person's employment with the Issuer on the scheduled vesting date, except as provided for under the Issuer's 2022 Equity and Cash Incentive Plan). Price of Derivative Security is $0.
FAQ
What did AWI executive James T. Burge report in this Form 4 filing?
James T. Burge reported the vesting and conversion of 639 restricted stock units into common shares, and the withholding of 216 shares to satisfy tax obligations. Following these equity award-related transactions, he directly owned 2,058 shares of Armstrong World Industries common stock.
How many Armstrong World Industries (AWI) RSUs vested for James T. Burge?
A total of 639 restricted stock units vested and converted into 639 shares of Armstrong World Industries common stock. These RSUs were originally granted on March 1, 2023 and were scheduled to vest on the third anniversary, subject to continued employment conditions.
How do the AWI restricted stock units convert into common stock?
The restricted stock units convert into Armstrong World Industries common stock on a one-for-one basis. In this filing, 639 RSUs became 639 common shares upon vesting, consistent with the one-for-one conversion ratio disclosed in the accompanying footnote to the equity award.