Cicali Jessica Marie 4

What Happened
Jessica Marie Cicali, SVP, General Counsel & Chief Compliance Officer and Secretary of Armstrong World Industries (AWI), was granted a total of 2,927 restricted stock units (RSUs) on April 1, 2026 (transaction code A). The grant consisted of 1,811 RSUs and 1,116 RSUs. The reported price per derivative security is $0, consistent with RSU awards (these are contingent rights to receive shares, not purchases or cash proceeds).

Key Details

• Transaction date: April 1, 2026; Form 4 filed April 2, 2026 (appears timely).
• Grant details and vesting:
  • 1,811 RSUs: vest in three installments — 603 RSUs on 4/1/2027, 604 RSUs on 4/1/2028, and 604 RSUs on 4/1/2029 (contingent on continued employment).
  • 1,116 RSUs: cliff vest in full on 4/1/2029 (contingent on continued employment).
• Price/value reported: $0 per derivative security (standard reporting notation for RSUs); no immediate cash value realized until RSUs vest and convert to shares.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes: F1–F4 confirm these are RSUs under the Issuer’s 2022 Equity and Cash Incentive Plan and describe vesting conditions.

Context
RSU grants are a common form of executive compensation intended to retain employees; they do not represent an immediate market purchase or sale. Because these awards vest over multiple years and are contingent on continued employment, they are typically seen as retention-focused rather than a direct signal of short-term insider buying or selling.