Armstrong World chair exercises 97,835 RSUs
Armstrong World Industries Executive Chair Victor Grizzle exercised performance-based restricted stock units that converted into 97,835 shares of common stock after underlying performance metrics were certified.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Armstrong World Industries Executive Chair Victor Grizzle exercised performance-based restricted stock units that converted into 97,835 shares of common stock after underlying performance metrics were certified.
To cover related tax obligations, 42,550 shares were withheld at $172.77 per share, leaving Grizzle with 464,670 directly held common shares following these transactions.
Insider Trade Summary
97,835 shares exercised/converted
Exercise
3 txns
Insider
Grizzle Victor
Role
Executive Chair
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Based Restricted Stock Units | 97,835 | $0.00 | $0.00 |
| Exercise | Common Stock | 97,835 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 42,550 | $172.77 | $7.35M |
Holdings After Transaction:
Performance Based Restricted Stock Units — 0 contracts (Direct);
Common Stock — 464,670 shares (Direct)
Holdings Before and After:
Performance Based Restricted Stock Units, 97,835 to 0 contracts (Direct);
Common Stock, 409,385 to 464,670 shares (Direct)
Footnotes (5)
- F1. 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.
- F2. 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.
- F3. Each performance restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- F4. 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.
- F5. Not applicable.
Key Figures
RSUs converted: 97,835 units/shares
Shares withheld for taxes: 42,550 shares
Tax withholding price: $172.77 per share
+4 more
7 metrics
RSUs converted
97,835 units/shares
Performance-based RSUs converted to common stock on April 8, 2026
Shares withheld for taxes
42,550 shares
Common stock withheld at $172.77 per share for tax obligations
Tax withholding price
$172.77 per share
Value applied to 42,550 shares withheld for tax obligations
Shares held after transaction
464,670 shares
Direct common stock ownership following April 8, 2026 transactions
Performance RSU grant date
March 1, 2023
Grant date under 2022 Equity and Cash Incentive Plan
Performance period
Jan 1, 2023 – Dec 31, 2025
Measurement period for performance-based RSUs
Certification date
April 8, 2026
Performance achievement certified by Board committee
Key Terms
Performance Based Restricted Stock Units, tax obligations, 2022 Equity and Cash Incentive Plan, performance period, +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-based restricted stock units are a form of employee pay where shares are promised but only delivered if the company meets specific performance targets over time. Like a trophy awarded to a team after hitting certain goals, they align employee incentives with business results and can affect future share counts and earnings—so investors watch them for signals about management’s motivation, potential dilution, and the likelihood of meeting growth or profit targets.
tax obligations financial
"Represents the number of shares withheld by the Issuer to satisfy the Reporting Person's tax obligations"
2022 Equity and Cash Incentive Plan financial
"granted to the Reporting Person under the 2022 Equity and Cash Incentive Plan"
performance period financial
"The performance period for the performance restricted stock units was January 1, 2023 to December 31, 2025"
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Victor Grizzle report in his latest Form 4 for AWI?
Victor Grizzle reported exercising performance-based restricted stock units into 97,835 shares of Armstrong World Industries common stock. The units vested after performance conditions were certified, increasing his direct equity stake as part of the company’s long-term incentive compensation program.
What were the terms of the performance-based RSUs reported by AWI?
The performance restricted stock units were granted on March 1, 2023 under the 2022 Equity and Cash Incentive Plan. They covered a performance period from January 1, 2023 to December 31, 2025, with vesting and payout tied to pre-established performance conditions.
Who certified the performance conditions for AWI’s RSUs?
The Management Development and Compensation Committee of Armstrong World Industries’ Board of Directors certified achievement of the performance conditions on April 8, 2026. This certification triggered the earning and payment of the performance-based restricted stock units into common shares.
Does the Form 4 show remaining performance-based RSUs for Victor Grizzle at AWI?
The Form 4 indicates 97,835 performance-based RSUs converted into common stock and derivative holdings following the transaction are shown as zero. This suggests that specific reported performance-based units were fully settled into shares in this filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
