Burge James T. 4
Research Summary
AI-generated summary
Armstrong World (AWI) VP/Controller James T. Burge Receives RSU
What Happened
- James T. Burge, Vice President & Controller of Armstrong World Industries (AWI), was granted 330 restricted stock units (RSUs) on February 25, 2026.
- The grant is reported as a derivative award at $172.21 per unit, total grant value $56,829. This is an equity compensation award (not an open-market purchase or sale).
Key Details
- Transaction date: 2026-02-25; filing date: 2026-02-26 (timely filing).
- Grant: 330 RSUs at $172.21 per RSU; aggregate grant value $56,829. (Transaction code A = Award/Grant.)
- Vesting: RSUs vest in full on February 25, 2029, contingent on continued employment per the 2022 Equity and Cash Incentive Plan (footnotes F1 & F2).
- Each RSU represents a contingent right to one share of AWI common stock upon vesting (F1).
- Shares owned after the transaction are not disclosed in the Form 4. No 10b5-1 plan, tax-withholding, or immediate sale was reported.
Context
- RSUs are a common form of executive compensation and do not transfer shares or represent voting rights until they vest and are settled. They signal compensation/retention rather than an immediate buy or sell by the insider.
- Because this is a grant that vests three years out, it does not reflect an immediate change in insider holdings available for sale.