Armstrong World (NYSE: AWI) grants 330 restricted stock units to VP & Controller
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Burge James T. reported acquisition or exercise transactions in this Form 4 filing.
Armstrong World Industries reported that Vice President & Controller James T. Burge received a grant of 330 restricted stock units. Each unit represents a contingent right to one share of common stock under the company’s 2022 Equity and Cash Incentive Plan.
The RSUs were granted on February 25, 2026 and will vest in full on February 25, 2029, as long as Burge remains employed by the company on that vesting date, subject to the terms of the incentive plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Burge James T.
Role
Vice President & Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 330 | $172.21 | $57K |
Holdings After Transaction:
Restricted Stock Units — 330 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock under the Issuer's 2022 Equity and Cash Incentive Plan. The restricted stock units were granted to the Reporting Person on February 25, 2026 and will vest in full on February 25, 2029 (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.
FAQ
What insider transaction did Armstrong World Industries (AWI) report for James T. Burge?
Armstrong World Industries reported that Vice President & Controller James T. Burge received a grant of 330 restricted stock units. Each unit is a contingent right to one share of common stock under the 2022 Equity and Cash Incentive Plan.
How many restricted stock units were granted to AWI executive James T. Burge?
James T. Burge was granted 330 restricted stock units. These RSUs represent potential future shares of Armstrong World Industries common stock, subject to vesting conditions defined in the company’s 2022 Equity and Cash Incentive Plan and continued employment through the vesting date.
When do the restricted stock units granted to AWI’s James T. Burge vest?
The 330 restricted stock units granted to James T. Burge vest in full on February 25, 2029. Vesting is contingent on his continued employment with Armstrong World Industries on that date, as provided under the 2022 Equity and Cash Incentive Plan terms.
What does each restricted stock unit granted to AWI executive James T. Burge represent?
Each restricted stock unit granted to James T. Burge represents a contingent right to receive one share of Armstrong World Industries common stock. The award is issued under the company’s 2022 Equity and Cash Incentive Plan and becomes actual shares only upon vesting.
Under which plan were the RSUs granted to Armstrong World Industries (AWI) executive James T. Burge?
The RSUs granted to James T. Burge were issued under Armstrong World Industries’ 2022 Equity and Cash Incentive Plan. This plan governs equity-based awards, including vesting conditions, employment requirements, and other terms that determine when RSUs convert into common stock.
Is the RSU grant to AWI’s James T. Burge an open-market stock purchase or sale?
The RSU grant to James T. Burge is not an open-market stock purchase or sale. It is an equity award classified as a grant or other acquisition, providing a contingent right to shares that vest later if employment conditions are satisfied.