Armstrong VP gains shares through RSU vesting
Armstrong World Industries vice president and controller James T. Burge reported equity award activity involving restricted stock units and common stock.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 639 | $0.00 | $0.00 |
| Exercise | Common Stock | 639 | $173.50 | $111K |
| Exercise Price or Tax Liability | Common Stock | 216 | $173.50 | $37K |
Footnotes (4)
- F1. Restricted Stock Units convert into common stock on a one-for-one basis.
- F2. 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.
- F3. 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).
- F4. Price of Derivative Security is $0.
FAQ
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What did AWI executive James T. Burge report in this Form 4 filing?
How many Armstrong World Industries (AWI) RSUs vested for James T. Burge?
How do the AWI restricted stock units convert into common stock?
AI-generated analysis. How Rhea-AI works. Not financial advice.