Crager Jill A. 4
4 · ARMSTRONG WORLD INDUSTRIES INC · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
ARMSTRONG (AWI) SVP Jill Crager Exercises RSUs, Withholds Shares
What Happened
Jill A. Crager, Senior Vice President — Sales & Digital Marketing at Armstrong World Industries (AWI), had 1,082 restricted stock units (RSUs) convert into 1,082 common shares on Feb 27, 2026, valued at $173.50 per share (total value $187,727). To cover tax obligations from the vesting, 505 of those shares were withheld by the issuer (value $87,618), leaving a net of 577 shares delivered to the reporting person.
Key Details
- Transaction date: 2026-02-27; Filing date: 2026-03-02 (filed timely).
- RSU conversion price used for reporting: $173.50 per share.
- Gross shares from vesting: 1,082 shares (value $187,727).
- Shares withheld for taxes: 505 shares (value $87,618) — tax withholding (code F).
- Net shares retained by insider: 577 shares (1,082 - 505).
- Footnotes: F1/F3 confirm these were RSUs granted 3/1/2023 that vest one-for-one on the third anniversary; F2 explains issuer withheld shares to satisfy tax withholdings; F4 indicates the derivative security had a $0 exercise price (typical for RSUs).
- Shares owned after transaction: not specified in the filing.
Context
This was an RSU vesting and share-withholding for taxes (a common, routine equity compensation event), not an open-market sale or purchase. The conversion of RSUs to stock is reported as an exercise/conversion of a derivative for reporting purposes; because shares were withheld to cover taxes, this is not a disposition driven by the insider selling shares on the market. No 10b5-1 plan or late filing was indicated.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-27$173.50/sh+1,082$187,727→ 4,833 total - Tax Payment
Common Stock
[F2]2026-02-27$173.50/sh−505$87,618→ 4,328 total - Exercise/Conversion
Restricted Stock Units
[F1][F4][F3]2026-02-27−1,082→ 0 total→ Common Stock (1,082 underlying)
Footnotes (4)
- [F1]Restricted Stock Units convert into common stock on a one-for-one basis.
- [F2]Represents the number of shares withheld by the Issuer to satisfy the Reporting Person's tax obligations incurred upon the vesting of certain restricted stock units granted to the Reporting Person under the 2022 Equity and Cash Incentive Plan.
- [F3]On March 1, 2023, the Reporting Person was granted 1,082 Restricted Stock Units, which vest on the third anniversary of the grant (contingent upon the Reporting Person's employment with the Issuer on the scheduled vesting date, except as provided for under the Issuer's 2022 Equity and Cash Incentive Plan).
- [F4]Price of Derivative Security is $0.