Michel Vermette - Apr 1, 2022 Form 4 Insider Report for Armstrong Flooring, Inc. (AFIIQ)

Role: President & CEO, Director
Signature: /s/Christopher S. Parisi, as Attorney-in-fact
Stock symbol: AFIIQ
Transactions as of: Apr 1, 2022
Transactions value $: $13,886
Form type: 4
Date filed: 4/4/2022, 05:01 PM
Previous filing: Sep 14, 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AFIIQ	Common Stock	Options Exercise	$24.1K	+16.5K	+6.9%	$1.46^*	256K	Apr 1, 2022	Direct	F1
transaction	AFIIQ	Common Stock	Tax liability	-$10.3K	-7.03K	-2.74%	$1.46^*	249K	Apr 1, 2022	Direct	F2

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	AFIIQ	Restricted Stock Units	Options Exercise	$0	-16.5K	-33.33%	$0.00	33.1K	Apr 1, 2022	Common Stock	16.5K		Direct	F3, F4

* 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 restricted stock units into shares of Issuer's common stock in connection with the vesting of the restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
F2	Represents the number of shares withheld by the Issuer to satisfy the Reporting Person's tax obligations upon the vesting of restricted stock awards granted to the Reporting Person.
F3	Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
F4	Not applicable.