Shurts Wayne 4
4 · ARMSTRONG WORLD INDUSTRIES INC · Filed Jun 15, 2026
Research Summary
AI-generated summary of this filing
Armstrong World (AWI) Director Wayne Shurts Receives RSU Award
What Happened
- Wayne Shurts, a director of Armstrong World Industries (AWI), was granted 876 restricted stock units (RSUs) on June 12, 2026. The units were reported as an award (code A) with an acquisition price of $0.00. The grant-date fair value was calculated using AWI’s closing price of $154.21, giving a total grant value of approximately $135,088 (876 × $154.21).
- This was an equity award (part of the nonemployee director compensation program), not an open-market purchase or sale.
Key Details
- Transaction date: June 12, 2026; Filing date: June 15, 2026.
- Transaction type/code: Award of restricted stock units (A); acquisition price $0.00.
- Grant amount: 876 RSUs; Grant-date fair value: $154.21 per share; total ≈ $135,087.96.
- Vesting/terms: Units vest (if the director remains in service) on the earlier of (i) the next annual shareholders meeting, (ii) the director’s death or total/permanent disability, or (iii) a Change in Control. Vested units are not automatically acquirable — the director may elect to acquire them at the vesting date or upon termination of service (see footnotes F1 and F3).
- Shares owned after the transaction: Not specified in the provided summary (the filing notes it includes vested and unvested units but does not list a total holding here).
- Additional items: Grant represents the annual equity portion of the director retainer (F2). See Exhibit 24 (Power of Attorney) noted in the filing.
- Timeliness: Filed three days after the grant (June 15 vs. June 12). Form 4s are generally due within two business days of the transaction; investors may want to confirm timeliness in the full filing.
Context
- RSU grants to non-employee directors are common as part of regular compensation and are non-cash awards that vest over time or on specific triggers. They do not reflect an open-market purchase signal by the insider.
- The award increases the director’s potential future share ownership if and when the RSUs vest and the director elects to acquire them.
Insider Transaction Report
Form 4
Shurts Wayne
Director
Transactions
- Award
Common Stock
[F1][F2][F3]2026-06-12+876→ 9,755.451 total
Footnotes (3)
- [F1]Restricted stock units granted under the 2016 Directors Stock Unit Plan (the "2016 Plan"), and as part of the Issuer's nonemployee Director Compensation Program. The units vest (contingent upon the Director's continued service as of such date) on the earlier of (i) the date of the next annual shareholders meeting following the grant; (ii) the death or total and permanent disability of the Director; or (iii) the date of any Change in Control (as defined in the 2016 Plan). Vested units will be acquirable by the Director, at the election of the Director: (i) at the vesting of the units on the date of the next annual shareholders meeting following the grant or (ii) at the time of the Director's termination of service.
- [F2]Represents an annual grant of restricted stock units as the equity portion of the Director's retainer for Board service under the Issuer's nonemployee Director Compensation Program. The grant date fair value of the units is calculated under the Financial Accounting Standards Board's Accounting Standards Codification Topic 718 using the closing stock price of the Issuer's common shares on June 12, 2026, which price was $154.21.
- [F3]Includes vested and unvested units as well as units not yet acquirable by the Director. Under the terms of the 2016 Plan, vested units under the 2016 Plan are not acquirable by the Director until, at the election of the Director: (i) the vesting of the units on the date of the next annual shareholders meeting following the grant or (ii) the time of the Director's termination of service.
Signature
/s/ Alan M. Kidd, Attorney-in-fact|2026-06-15