Armstrong World (NYSE: AWI) SVP gains stock from RSUs, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Armstrong World Industries senior vice president and general counsel So acquired common shares through vested equity awards and had some shares withheld for taxes. On February 27, 2026, 2,595 Restricted Stock Units were converted into 2,595 shares of common stock at $173.50 per share.
The derivative units had a stated price of $0 and converted to common stock on a one-for-one basis under the 2022 Equity and Cash Incentive Plan. To cover tax obligations from this vesting, 1,161 common shares were withheld by the company, leaving the reporting person with 8,968 common shares held directly afterward.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,595 shares exercised/converted
Mixed
3 txns
Insider
So Austin
Role
SVP, GC, Gov't. Rel., & CSO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,595 | $0.00 | -- |
| Exercise | Common Stock | 2,595 | $173.50 | $450K |
| Tax Withholding | Common Stock | 1,161 | $173.50 | $201K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 10,129 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 2,595 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 insider transaction did AWI report for its SVP and general counsel?
AWI reported that its senior vice president and general counsel acquired 2,595 shares of common stock through the vesting and conversion of Restricted Stock Units, with part of the resulting shares then withheld to satisfy related tax obligations under the company’s 2022 equity incentive plan.
How many Armstrong World (AWI) RSUs vested and converted into common stock?
A total of 2,595 Restricted Stock Units vested and converted into 2,595 shares of Armstrong World common stock. The units converted on a one-for-one basis, consistent with the company’s equity plan, and were originally granted on March 1, 2023 with a three-year vesting schedule.
How are AWI Restricted Stock Units priced and converted in this transaction?
The Restricted Stock Units in this transaction had a derivative price of $0 and converted into common stock on a one-for-one basis. Upon conversion, 2,595 common shares were recorded at $173.50 per share, reflecting the share price used for the non-derivative transaction entry.