AWI (AWI) VP & Controller gains shares as 2,015 performance units vest
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Armstrong World Industries vice president and controller James T. Burge exercised performance-based restricted stock units into common shares as part of his equity compensation. On April 8, 2026, 2,015 performance restricted stock units converted into 2,015 shares of common stock after performance goals were certified under the company’s 2022 Equity and Cash Incentive Plan.
To cover related tax obligations from this vesting event, 877 common shares were withheld by the company at a price of $172.77 per share. After these transactions, Burge directly held 3,196 shares of Armstrong World Industries common stock. The filing reflects routine equity award vesting tied to pre-established performance metrics.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,015 shares exercised/converted
Mixed
3 txns
Insider
Burge James T.
Role
Vice President & Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Based Restricted Stock Units | 2,015 | $0.00 | -- |
| Exercise | Common Stock | 2,015 | $0.00 | -- |
| Tax Withholding | Common Stock | 877 | $172.77 | $152K |
Holdings After Transaction:
Performance Based Restricted Stock Units — 0 shares (Direct);
Common Stock — 4,073 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: 2,015 units/shares
Shares withheld for taxes: 877 shares
Tax withholding price: $172.77 per share
+2 more
5 metrics
Performance RSUs converted
2,015 units/shares
Converted to common stock on April 8, 2026
Shares withheld for taxes
877 shares
Tax withholding at $172.77 per share
Tax withholding price
$172.77 per share
Used to value shares withheld for tax obligations
Shares held after transactions
3,196 shares
Direct common stock ownership after April 8, 2026
Derivative awards remaining
0 units
No remaining performance restricted stock units in this filing
Key Terms
Performance Based Restricted Stock Units, performance restricted stock unit, 2022 Equity and Cash Incentive Plan, tax obligations, +1 more
5 terms
Performance Based Restricted Stock Units financial
"Reflects the conversion of previously granted performance restricted stock units into shares of Issuer's common stock"
performance restricted stock unit financial
"Each performance restricted stock unit represents a contingent right to receive one share of Issuer's common stock."
2022 Equity and Cash Incentive Plan financial
"granted to the Reporting Person under the 2022 Equity and Cash Incentive Plan."
tax obligations financial
"number of 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"
FAQ
What insider transaction did AWI executive James T. Burge report on this Form 4?
James T. Burge reported the vesting and conversion of 2,015 performance restricted stock units into common stock on April 8, 2026. These units were earned based on pre-established performance metrics under Armstrong World Industries’ 2022 Equity and Cash Incentive Plan.
What are performance restricted stock units in the AWI Form 4 for James T. Burge?
Each performance restricted stock unit represents a contingent right to receive one share of Armstrong World Industries common stock. Burge’s units vested and were earned based on performance metrics for a period running from January 1, 2023 to December 31, 2025.
What performance period applied to James T. Burge’s AWI performance restricted stock units?
The performance restricted stock units granted to James T. Burge had a performance period from January 1, 2023 to December 31, 2025. Achievement of the performance conditions was certified by the board’s Management Development and Compensation Committee on April 8, 2026.
Under which plan were James T. Burge’s AWI performance restricted stock units granted?
James T. Burge’s performance restricted stock units were granted on March 1, 2023 under Armstrong World Industries’ 2022 Equity and Cash Incentive Plan. Vesting, earning, and payment of these units depended on meeting and certifying pre-established performance conditions over the defined performance period.