Armstrong World (AWI) director receives 1,265 RSUs at $154.21 grant value
Rhea-AI Filing Summary
TEMPLIN ROY W reported acquisition or exercise transactions in this Form 4 filing.
Armstrong World Industries director Roy W. Templin received a grant of 1,265 restricted stock units as the equity portion of his annual Board retainer under the company’s 2016 Directors Stock Unit Plan and nonemployee Director Compensation Program.
The units vest if he continues serving until the next annual shareholders meeting, or earlier upon death, total and permanent disability, or a Change in Control as defined in the plan. Vested units become acquirable at either that next annual meeting or upon his termination of service, at his election. Following this grant, he holds 20,716 units, including vested, unvested, and not-yet-acquirable units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,265 shares
Net Buy
1 txn
Insider
TEMPLIN ROY W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,265 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 20,716 shares (Direct)
Footnotes (3)
- F1. Restricted stock units granted under the 2016 Directors Stock Unit Plan (the "2016 Plan"), and as part of the Issuer's nonemployee Director Compensation Program. The units vest (contingent upon the Director's continued service as of such date) on the earlier of (i) the date of the next annual shareholders meeting following the grant; (ii) the death or total and permanent disability of the Director; or (iii) the date of any Change in Control (as defined in the 2016 Plan). Vested units will be acquirable by the Director, at the election of the Director: (i) at the vesting of the units on the date of the next annual shareholders meeting following the grant or (ii) at the time of the Director's termination of service.
- F2. Represents an annual grant of restricted stock units as the equity portion of the Director's retainer for Board service under the Issuer's nonemployee Director Compensation Program. The grant date fair value of the units is calculated under the Financial Accounting Standards Board's Accounting Standards Codification Topic 718 using the closing stock price of the Issuer's common shares on June 12, 2026, which price was $154.21.
- F3. Includes vested and unvested units as well as units not yet acquirable by the Director. Under the terms of the 2016 Plan, vested units under the 2016 Plan are not acquirable by the Director until, at the election of the Director: (i) the vesting of the units on the date of the next annual shareholders meeting following the grant or (ii) the time of the Director's termination of service.
Key Figures
RSUs granted: 1,265 units
Total units after grant: 20,716 units
Grant-date share price: $154.21
3 metrics
RSUs granted
1,265 units
Annual equity retainer grant on June 12, 2026
Total units after grant
20,716 units
Director holdings following the reported transaction
Grant-date share price
$154.21
Closing stock price used for ASC 718 fair value
Key Terms
restricted stock units, 2016 Directors Stock Unit Plan, Change in Control, Accounting Standards Codification Topic 718
4 terms
restricted stock units financial
"Restricted stock units granted under the 2016 Directors Stock Unit Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2016 Directors Stock Unit Plan financial
"granted under the 2016 Directors Stock Unit Plan (the "2016 Plan")"
Change in Control financial
"the date of any Change in Control (as defined in the 2016 Plan)"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Accounting Standards Codification Topic 718 financial
"calculated under the Financial Accounting Standards Board's Accounting Standards Codification Topic 718"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did AWI director Roy W. Templin report in this Form 4?
Roy W. Templin reported receiving 1,265 restricted stock units in Armstrong World Industries. These were granted as the equity portion of his annual retainer for Board service under the company’s 2016 Directors Stock Unit Plan and nonemployee Director Compensation Program.
How many AWI units does Roy W. Templin hold after this grant?
After this grant, Roy W. Templin holds 20,716 units related to Armstrong World Industries. This total includes vested and unvested restricted stock units, as well as units that are vested but not yet acquirable under the terms of the 2016 Directors Stock Unit Plan.
What are the vesting conditions for Roy W. Templin’s AWI restricted stock units?
The 1,265 restricted stock units vest if Templin continues as a director until the next annual shareholders meeting. They can also vest earlier upon his death, total and permanent disability, or a Change in Control, as defined in Armstrong World Industries’ 2016 Directors Stock Unit Plan.
When can Roy W. Templin acquire his vested AWI restricted stock units?
Under the 2016 Directors Stock Unit Plan, Templin may elect to acquire vested units either on the date of the next annual shareholders meeting following the grant, or at the time of his termination of service from the Armstrong World Industries Board of Directors.
How is the grant-date fair value of Roy W. Templin’s AWI units determined?
The grant-date fair value is calculated under FASB Accounting Standards Codification Topic 718. Armstrong World Industries uses the closing stock price of its common shares on June 12, 2026, which was $154.21, to determine the fair value of the restricted stock unit grant.