So Austin 4

What Happened

• So Austin, SVP, General Counsel, Government Relations & Chief Security Officer of Armstrong World Industries (AWI), had 2,595 restricted stock units (RSUs) vest on February 27, 2026. The RSUs converted one-for-one into common shares valued at $173.50 each (total value shown ~$450,233). To satisfy tax liabilities on the vesting, the issuer withheld 1,161 shares (disposed) valued at ~$201,434, leaving a net delivery of 1,434 shares to the reporting person.

Key Details

• Transaction date: February 27, 2026; Form 4 filed March 2, 2026 (appears timely).
• Conversion/vesting: 2,595 RSUs converted to 2,595 common shares (derivative price reported as $0 for RSUs).
• Tax withholding: 1,161 shares withheld by the issuer to cover tax obligations (code F).
• Net shares received by insider: 1,434 shares (2,595 ÷ 1,161 = net 1,434).
• Footnotes: RSUs granted March 1, 2023, vest on the third anniversary subject to continued employment. Price per share used for value reporting: $173.50.
• Shares owned after transaction: not specified in the provided filing details.

Context

• This was an RSU vesting and share conversion, not an open-market purchase or voluntary sale. Withholding shares to cover taxes is a routine, non-speculative administrative action (a cashless settlement) and does not necessarily signal insider sentiment.