Mark A. Hershey - 19 Apr 2022 Form 4 Insider Report for ARMSTRONG WORLD INDUSTRIES INC (AWI)

Role
SVP Americas
Signature
/s/ Bryan Y.M. Tham, Attorney-in-fact
Issuer symbol
AWI
Transactions as of
19 Apr 2022
Net transactions value
-$227,368
Form type
4
Filing time
21 Apr 2022, 16:31:20 UTC
Previous filing
11 Apr 2022
Next filing
02 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AWI Common Stock Options Exercise $0 +2,416 +5.4% $0.000000 47,469 19 Apr 2022 Direct F1
transaction AWI Common Stock Tax liability $97,543 -1,051 -2.2% $92.81 46,418 19 Apr 2022 Direct F2
transaction AWI Common Stock Sale $129,825 -1,365 -2.9% $95.11 45,053 21 Apr 2022 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AWI Performance Based Restricted Stock Units Options Exercise $0 -2,416 -100% $0.000000* 0 19 Apr 2022 Common Stock 2,416 Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the conversion of previously granted performance restricted stock units into shares of Issuer's common stock in connection with the vesting 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 upon the vesting of performance restricted stock units granted to the Reporting Person under the Issuer's 2016 Long-Term Incentive Plan.
F3 Sale pursuant to a Rule 10b5-1 Plan adopted by the Reporting Person on November 19, 2021.
F4 Each performance restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
F5 The performance restricted stock units were granted on February 26, 2019, under the 2016 Long-Term Incentive Plan of the Issuer. The performance period for the performance restricted stock units was January 1, 2019 to December 31, 2021, with vesting 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 19, 2022.
F6 Not applicable.